The Silicon Valley Bank blame game

The finger-pointing has begun. But what's really to blame for the crisis roiling America's banking system?

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(Image credit: Andrea Ronchini/NurPhoto via Getty Images)

The collapse of Silicon Valley Bank has sent a cataclysmic shock through the U.S. banking system, prompting extraordinary measures from both the Treasury Department and FDIC, as well as a vicious blame game as to the person (or institution, or ideology) at fault. Here's a look at where some have pointed the finger thus far:

Jerome Powell and the Federal Reserve

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Brigid Kennedy

Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.