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Kevin O’Leary: “I’m an ambassador for the American Dream”
To a packed Weis Center this past Tuesday, Kevin O’Leary, known for his role as an investor and TV personality on ABC’s long-running show “Shark…
Thought Leader: Kevin O’Leary
Sheila Bair, a top banking regulator during the 2008 global financial crisis, said she hopes “people keep their head” after SVB’s collapse, adding that she believes that the problem facing the banking sector is more about fear than bank insolvency.
Appearing on CNN This Morning, Bair told anchor Poppy Harlow that it’s “not clear” if more banks will fail, but said that the Silicon Valley Bank was embroiled in an “unusual situation.”
“I do hope people keep their head,” Bair said. “I think most of these regional banks are just fine, but it concerns me that everybody is getting tagged with the same problems Silicon Valley Bank had and that was an unusual situation.”
“I do think fear is the problem now, not so much bank solvency trouble,” she added. “I don’t see any pervasive problems in our banking system,” she added.
Bair also reiterated that the Federal Reserve needs to halt its war on inflation.
“The Fed needs to hit pause and assess the full impact of its actions so far before raising short rates further,” Bair, the former chair of the Federal Deposit Insurance Corporation, previously told CNN.
Kevin O’Leary: “I’m an ambassador for the American Dream”
To a packed Weis Center this past Tuesday, Kevin O’Leary, known for his role as an investor and TV personality on ABC’s long-running show “Shark…
Thought Leader: Kevin O’Leary
Sara Fischer: Lara Trump to interview female WH officials for first Fox show
Lara Trump‘s first show as a Fox News host will highlight the key women who helped get her father-in-law President Trump elected and who now…
Thought Leader: Sara Fischer
Scott Morrison among many to express support for Jewish community
Former prime ministers Tony Abbott and Scott Morrison, among others, have expressed their support for the Jewish community amid troubling times in Australia. This came…
Thought Leader: Scott Morrison