At today’s Senate Banking Committee hearing, Sen. John Fetterman (D-PA) questioned witnesses about recent bank failures.
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The recent spate of bank failures across the country has sent shockwaves throughout the financial industry, leaving many wondering if greed played a role in these events. John Fetterman, the Lieutenant Governor of Pennsylvania, recently grilled witnesses on this issue during a hearing on bank failures.
During the hearing, Fetterman questioned witnesses about the factors that led to the failure of several banks, including mismanagement, negligence, and, of course, greed. He asked pointed questions about the role that executive pay and bonuses play in incentivizing risky behavior, and whether these practices contributed to the downfall of these banks.
Fetterman’s questioning was especially focused on the collapse of the $2 billion hedge fund Archegos Capital, which caused huge losses for several major banks. He asked witnesses about the extent to which the banks knew about the risks associated with their dealings with Archegos, and whether they were motivated by the promise of profits to overlook potential problems.
Many experts agree that greed played a role in the recent bank failures. The pursuit of short-term profits, combined with a lack of oversight and a willingness to take on excessive risk, led many banks to engage in practices that ultimately put their long-term viability at risk.
At the same time, there are also other factors at play, such as market volatility, changing regulations, and the ongoing economic impact of the COVID-19 pandemic. It’s clear that there are a complex set of factors that contribute to the health and stability of the financial industry, and greed is just one piece of the puzzle.
As Fetterman’s hearing highlights, it’s important to ask tough questions and hold those responsible for bank failures accountable. By doing so, we can learn from these mistakes and work towards a financial industry that is not just profitable, but also sustainable and responsible for the long term.
Democrate candidates wanted. The coherent need not apply
what a joke
Hello, Goodnight.
Its not that they were caught off guard by his questions, it's that no one understood what the hell he was saying. But the Left is far more delusional than the Right these days and there's no getting through to them.
there is no way those 2 in the back are not about to bust out on the most incoherent thing said
This guy is well on his way the the Presidency!
Lol, they just sat there in silence to let the stupidity waft around the room. Brilliant.
Fetterman just kept asking the same question over and over. Those people he was asking were way to kind to him. This guy is not qualified to represent me as a PA Senator in Congress! And I don't think it has anything to do with the stroke that left him physically and cognitively unable to uphold the duties of a state senator. I honestly believe that this guy has no idea what he's doing, or what he's supposed to be doing! He's chaired committee hearings where he was clearly uncomfortable, repeats himself looking like he can't figure out anything else to say, and then abruptly ends his questioning which appears to confuse everyone at the hearing. He's obviously not retaining any answers or information given to him. I want him to come back to PA and relay to the People OF THE COMMONWEALTH the results or solutions that came from a hearing that he chaired in DC. The following day. He would never agree to do that because he can't. When was the last time he spoke with his constituents? Does he have any idea what the majority of Pennsylvanians are expecting him to fight for?
JOHN FETTERMAN IS BEING LED AROUND LIKE A DOG ON A LEASH BY THE DEMOCRATS. HE LOOKS JUST LIKE JOE, ALSO BEING LED AROUND LIKE A DOG ON A LEASH. BY THEIR PARTY AND THEIR WIVES. THIS IS ABUSE IN A MOST FRIGHTENING ARENA.
MANDATORY PHYSICAL AND MENTAL EXAMS BEFORE YOU CAN BECOME A CANDIDATE, AND AGAIN BEFORE YOU ARE SWORN IN.
This is sad, honestly. I respect him for trying to work in this environment after all his life has been, but I’m not sure he is best suited for this position
Shrek can’t even talk lmao
the saddest thing is that the democrats who voted for this guy will respond "but he is standing up for the little guy". What???? this guy couldn't operate an elevator with 2 floors let alone represent the state of Pennsylvania.
OMG… This is so painful to watch!! How in the hell did this guy even get elected??
This individual is just as bad if not worse than Joey.
The only thing that's grilled, is his brain.
Vote out all democrats
Brain dead as the voters who elected him.
Jesus H. Christ
Fetterman is a real hero.
The answer is all of the above. Why should they remain ricc at the expense of others?????????????????????
Really?
Fetterman is wearing an actual suit?!