Elizabeth Warren scoffs at the idea that banks like SVB can be trusted to do their own stress testing: 'I taught school for many, many years. And I did not let my students do their own testing' | iCloud.Info

Wed, 03/15/2023 - 13:54

Massachusetts Sen. Elizabeth Warren — U.S. Sen. Elizabeth Warren criticized regulators this week for protecting SVB depositors following the bank's failure.
Win McNamee/Getty Images

Elizabeth Warren doesn't have much faith in the idea that banks could effectively run their own "stress tests."
A stress test evaluates whether a bank can handle tight economic conditions.
She's criticized Trump-era rollbacks on banking oversight for making the SVB failure possible.

Senator Elizabeth Warren is continuing her showdown with the banking industry.

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economy, politics, Elizabeth Warren, Bernie Sanders, Joe Biden, Federal Reserve, SVB, Silicon Valley Bank, Great Recession, Donald Trump, 2008 Financial Crisis, Dodd-Frank Rollback

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Elizabeth Warren scoffs at the idea that banks like SVB can be trusted to do th…