THE SIGNAL
Republican Louisiana Sen. John Kennedy confronted former Silicon Valley Bank (SVB) CEO Greg Becker about his decision-making preceding the bank’s failure at a Senate Banking Committee hearing Tuesday.“Mr. Becker, you made a really stupid bet that went bad, didn’t you? And the taxpayers of America had to pick up the tab for your stupidity, didn’t they?” Kennedy asked. (RELATED: Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse) Becker attempted to explain the bank’s failure as the result of events that he could not have foreseen. “Senator, there were a series of unprecedented events that occurred that led us to where we are today,” Becker said. Kennedy …
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