FILE PHOTO: Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019.  REUTERS/Mike Blake
Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California
  • Citadel boss Ken Griffin has said US capitalism is "breaking down before our eyes." 
  • "It would have been a great lesson in moral hazard" if US regulators didn't bail SVB clients out, according to him. 
  • "There's been a loss of financial discipline with the government bailing out depositors in full," he said. 

Citadel boss Ken Griffin said America's capitalist economy is "breaking down before our eyes," citing the government move to bail out depositors who lost money in Silicon Valley Bank's collapse.