Rep. Barr Slams Revisionist Federal Reserve Report on Silicon Valley Bank
April 29, 2023
April 29, 2023
WASHINGTON, April 29 -- Rep. Andy Barr, R-Kentucky, issued the following news release:
"The Federal Reserve had all of the tools it needed to prevent the collapse of Silicon Valley Bank in February 2023", said Congressman Andy Barr Chairman of Financial Institutions and Monetary Policy Subcommittee. "Instead of recognizing their own supervisory failures, Vice Chairman Michael Barr and the Federal Reserve are attempting to shift the blame to avoid taking responsibility . . .
"The Federal Reserve had all of the tools it needed to prevent the collapse of Silicon Valley Bank in February 2023", said Congressman Andy Barr Chairman of Financial Institutions and Monetary Policy Subcommittee. "Instead of recognizing their own supervisory failures, Vice Chairman Michael Barr and the Federal Reserve are attempting to shift the blame to avoid taking responsibility . . .