4 ms·
> 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 lega
by 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 agoNo. 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.