Rep. Josh Harder: Regulators were 'asleep at the wheel,' should have seen SVB collapse coming

MSNBC 6 days ago 4

Representative Josh Harder (D-CA) joins Andrea Mitchell to respond to the aftermath of the Silicon Valley Bank illness arsenic a erstwhile task capitalist who worked with SVB. “In the integer era, assurance tin vanish faster than a Snapchat message. And truthful it's precise wide that we're going to request much regulation, much scrutiny to support different banks, and particularly the determination banks, going forward,” says Harder. “I deliberation regulators were dormant astatine the instrumentality and not anticipating this situation earlier it happened. And truthful we're going to request to marque definite that there's higher security guarantees, that the banks person much tegument successful the crippled and are paying larger security fees, and past we're going to request stronger regularisation for the full midsize determination banking industry.” » Subscribe to MSNBC: Follow MSNBC Show Blogs MaddowBlog: ReidOut Blog: MSNBC delivers breaking news, in-depth investigation of authorities headlines, arsenic good arsenic commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, Morning Joe, The Beat with Ari Melber, Deadline: White House, The ReidOut, All In, Last Word, 11th Hour, and Alex Wagner who brings her breadth of reporting acquisition to MSNBC primetime. Watch “Alex Wagner Tonight” Tuesday done Friday astatine 9pm Eastern. Connect with MSNBC Online Visit Subscribe to the MSNBC Daily Newsletter: Find MSNBC connected Facebook: Follow MSNBC connected Twitter: Follow MSNBC connected Instagram: Rep. Josh Harder: Regulators were 'asleep astatine the wheel,' should person seen SVB illness coming #SiliconValleyBank #Economy #Business