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A comment on SVB shows that there are few libertarians in a financial foxhole. Parent comment

Re:SVB shows that there are few libertarians in a financial ... by mturmon on Monday March 13, 2023 @07:05PM (#35144441)
> 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.

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Re:SVB shows that there are few libertarians in a financial ... by yunwal on Monday March 13, 2023 @09:13PM (#35145947)
> 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?

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Re:SVB shows that there are few libertarians in a financial ... by anigbrowl on Monday March 13, 2023 @10:27PM (#35146577)
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.
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