Chris Whalen: Collapse of Silicon Valley Bank ‘Goes to the Feet of Jerome Powell’ and Federal Reserve

Chris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank (SVP) in a Friday interview on Forward Guidance with host Jack Farley. The Federal Reserve’s raising of interest rates “rendered the bank insolvent,” Whalen remarked. He said: Rising rates cause book value to go down, […]

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