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"Last year" as in the year they had no Chief Risk Officer? Got it.
by EFreethought 4y ago
"Last year" as in the year they had no Chief Risk Officer? Got it.
- gruez 4y agoI don't see how that's relevant. The leadership team at SVB undoubtedly made a bunch of dumb decisions and they deserve to be raked over the coals for that, but there's no need to make the unsupported claim that the executives were looting the place a few days leading up to the collapse.
- EFreethought 4y agoWe can't replay history, but maybe if they had a CRO, they would not be in this mess. They had time to set bonuses, they had time over the past few years to lobby for looser regs, but apparently a CRO was just too much bother.