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Democratic Pennsylvania Sen. John Fetterman struggled with asking basic questions to a Silicon Valley Bank (SVB) executive at a Senate Banking Committee hearing Tuesday.
SVB executive Greg Becker appeared before the Senate committee to answer for the bank’s March collapse. Fetterman appeared to struggle to ask Becker about being “stricter” with banking regulations.
“Now they have—now—guaranteed way to be saved, by no matter, but how?” the senator said. “Isn’t it appropriate that this kind of control should be more stricter to prevent this kind of thing, or should we just go on bailing and sailing whoever bank regardless of however their—their conduct is.”
After about eight seconds of silence, he pointed to an example of what he was asking. He said Republicans want give worker requirements for poorer families, and asked Becker if bankers should have a work requirement.
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