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Wall Street Journal Op-Ed: Fed Action Could Have Prevented SVB’s Collapse

Wall Street Journal Op-Ed: Fed Action Could Have Prevented SVB’s Collapse

Mar 21, 2023 | Banking, Financial Stability, Op-Ed

The Silicon Valley Bank crisis appears to demonstrate the danger of the Federal Reserve not properly performing one of its central functions: acting as a lender of last resort during a run. By not stemming the run at SVB, the Fed opened a Pandora’s box, risking a...

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