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> Stop giving these [bank] guys a pass... Indeed. Greg Becker, the CEO of SVB, was a member of the Board of Directors of the San Francisco Fed, up until last F

> Stop giving these [bank] guys a pass... Indeed. Greg Becker, the CEO of SVB, was a member of the Board of Directors of the San Francisco Fed, up until last Friday. If anyone had some insight about what federal monetary policy was doing, he should have.

yunwal 4y ago
> Greg Becker, the CEO of SVB, was a member of the Board of Directors of the San Francisco Fed Isn't this like a massive conflict of interest? How is this legal?
- anigbrowl 4y ago
  No. The Federal Reserve regional banks each have an independent board drawn from a mix of member banks and community stakeholders. Becker resigned or was ousted from his Fed seat on Friday, and ld not have taken part in negotiations - which would not, in any case, be conducted by the board.