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Tuesday, March 14, 2023 3:25:44 PM
From yesterdays deleted ihub message, which comes from yesterdays WSJ:
"Both Signature Bank and Silicon Valley Bank, which failed and was taken over by regulators Friday, have close ties to policy makers.
Mary Miller, a former Treasury official under former President Barack Obama, has been on SVB's board since 2015. "Her investment and regulatory knowledge as well as cultural alignment will enable Mary to add unique perspective and insight," the board's chairman at the time said in the announcement of her appointment.
Ms. Miller couldn't be reached for comment.
The bank's president and chief executive officer, Greg Becker, was on the board of directors at the Federal Reserve Bank of San Francisco until Friday, and was one of its three finance executives.
All seven of Silicon Valley Bank's registered lobbyists last year previously held government positions, according to public records. Signature Bank didn't employ registered lobbyists last year, the records show.
During the lobbying push ahead of the 2018 legislation, Signature Bank retained former Sen. Al D'Amato (R., N.Y.) and his firm, records show."
From another article yesterday in the WSJ:
"Mr. Frank once famously said he wanted to "roll the dice" to ramp up lending on Fannie Mae and Freddie Mac before they failed."
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