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A comment on Ask HN: I’m an FCC Commissioner proposing regulation of IoT security updates. Parent comment

Re:Ask HN: I’m an FCC Commissioner proposing regulation of I... by klausa on Tuesday September 05, 2023 @05:59PM (#37398350)
Is there an argument that the government failed in oversight with SVB?

I think this is a textbook slam-dunk by the government? They stepped in when the situation was _bad_, but not _catastrophic_ yet (mmmmaybe arguable), took over, and no depositors got hurt.

Is there an argument that this could've gone better, apart from "no banks ever fail"?

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Re:Ask HN: I’m an FCC Commissioner proposing regulation of I... by landemva on Tuesday September 05, 2023 @07:11PM (#37399069)
Fed had to set up a swap/lend facility that weekend. Sort of like they make it up as they go.

The specific regulator is going to retire. "Abbasi and Mary Daly, president of the San Francisco Fed, came under scrutiny after a post-mortem report undertaken by the Federal Reserve found problems with how SVB was supervised." https://www.msn.com/en-us/money/markets/key-san-francisco-fe...

And through regulatory capture the CEO of SVB was on the board of directors of the regulator!

https://www.reuters.com/markets/us/ceo-failed-silicon-valley...

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