Data

Text	duration	start	ents	sentiment
in the 2008 crash silicon Valley's bank	7.44	Jump to 0	DATE 2008 LOC Valley
fail Bank just got 200 billion dollars	4.439	Jump to 37.62	ORG Bank MONEY 200 billion dollars
lawyer of those Banks was a first order	6.361	Jump to 42.059	PERSON Banks ORDINAL first
implosion of all three banks are rooted	5.761	Jump to 66.479	CARDINAL three
shift I warned about in 2018 when I	7.02	Jump to 97.38	DATE 2018
and again in 2021 when I said he was a	7.079	Jump to 104.4	DATE 2021
reputation and its credibility in 2021	7.68	Jump to 186.18	DATE 2021
then fed chairman Ben Bernanke in 2011	7.14	Jump to 352.02	ORG fed PERSON Ben Bernanke DATE 2011
records including over 3 million emails	8.04	Jump to 522.479	CARDINAL over 3 million
America's 14th largest Bank First	5	Jump to 723.6	GPE America ORDINAL 14th ORG Bank First
Republic and the 16th largest bank	5.7	Jump to 726.42	ORDINAL 16th
opened up a review of svb of the three	4.98	Jump to 812.7	CARDINAL three
Banks you mentioned that is the only one	4.199	Jump to 815.94
fed the other two are supervised and	3.721	Jump to 820.139	CARDINAL two
are 51 open recommendations that the oig	5.82	Jump to 889.079	CARDINAL 51
dozen have been open for more than five	4.68	Jump to 894.899	CARDINAL dozen CARDINAL more than five
years and one stretches back to 2016	5.159	Jump to 897.18	CARDINAL one CARDINAL 2016
or MRI a from 2016. has the FED board	9.12	Jump to 916.68	DATE 2016 ORG FED
in 2021 your office found that the FED	4.679	Jump to 1014.6	DATE 2021 ORG FED
2011. all right between 8 9 and 10 how	5.2	Jump to 1069.28	DATE 2011 CARDINAL between 8 9
regulate sure so in in 2008 2009 2010	5.101	Jump to 1092.419	DATE 2008 2009
one mlr uh a bunch of years ago but	5.88	Jump to 1115.82	CARDINAL one DATE years ago
let's say six if they think that's the	2.521	Jump to 1132.799	CARDINAL six
if those let's say six how many uh how	4.56	Jump to 1140.96	CARDINAL six
any report that you've done no one's	3.441	Jump to 1162.559
that there are two matters that we've	3.3	Jump to 1184.34	CARDINAL two
closed out there are three manners that	3.359	Jump to 1186.2	CARDINAL three
and issue our reports and uh the two	6.42	Jump to 1200.9	CARDINAL two
reports that we issue or the one report	3.96	Jump to 1204.86	CARDINAL one
that we issued on the two investigations	3.599	Jump to 1207.32	CARDINAL two
fir I've been up here four years for the	4.92	Jump to 1218.36	DATE four years
first time uh since I've been up here	6.42	Jump to 1220.58	ORDINAL first
all right so I'd first off that	4.32	Jump to 1240.08	ORDINAL first
surprised me so first did did you take	5.16	Jump to 1241.7	ORDINAL first
of which I am one there are about 30 uh	6.12	Jump to 1277.4	CARDINAL about 30
vote of two-thirds a super majority of	5.28	Jump to 1368.24	CARDINAL two-thirds
I ask one more question	4.8	Jump to 1384.08	CARDINAL one
350 000 a year and you suggested if we	4.26	Jump to 1388.88	CARDINAL 000
down to a little over 200 000 will you	3.66	Jump to 1446.48	QUANTITY a little over 200 000
it okay so but this might face no one so	5.939	Jump to 1453.62
think about it is there's 23 000 people	3.78	Jump to 1457.58	CARDINAL 23 000
2011 that you know of any person that's	3.36	Jump to 1463.88
a balance sheet of 8.6 trillion dollars	5.16	Jump to 1489.62	MONEY 8.6 trillion dollars
and then last 12 months the balance	5.4	Jump to 1492.74	DATE last 12 months
sheet the Federal Reserve has lost 500	5.22	Jump to 1494.78	ORG the Federal Reserve CARDINAL 500
billion dollars	4.019	Jump to 1498.14
have not found one person if you go back	4.74	Jump to 1530.179
to the 2008 financial crisis and you go	4.62	Jump to 1532.4	DATE 2008
heard of one person one person at the	3.86	Jump to 1537.02	CARDINAL one CARDINAL one
myself now for the first round of	3.839	Jump to 1566.72	ORDINAL first
has the power to fire you a two-thirds	5.7	Jump to 1621.26	CARDINAL two-thirds
earlier that you said no one has ever	3.54	Jump to 1646.7
that is why 20 years ago the government	5.64	Jump to 1691.82	DATE 20 years ago
would be about two hundred thousand	4.44	Jump to 1750.08	CARDINAL about two hundred thousand
bonus and that comes out to 377	6.74	Jump to 1767.539	CARDINAL 377
000 and uh 800 someone okay so about	7.5	Jump to 1770.659	CARDINAL 000
378 thousand dollars annually you	7.061	Jump to 1774.279	MONEY 378 thousand dollars DATE annually
employee at the fed and in fact one of	5.699	Jump to 1781.34	ORG fed
has been one scandal after another at	4.921	Jump to 1805.039
the FED for the last two years	5.52	Jump to 1807.74	ORG FED DATE the last two years
you you've been IG since 2011.	6.219	Jump to 1846.34	ORG IG DATE 2011
about 60 or 70 of those	7.261	Jump to 1879.559	CARDINAL about 60 or 70
60 or 70 years no at any point in time	5.88	Jump to 1886.82	DATE 60 or 70 years
2011 again I'm talking internal	6.66	Jump to 1901.94	DATE 2011
investigations with 500 sound right	6.28	Jump to 1904.36	CARDINAL 500
you think it's more than five I I just I	3.6	Jump to 1914.36	CARDINAL more than five
not comfortable giving one to you but we	3.119	Jump to 1930.44
level so there are 12	4.74	Jump to 2056.56	CARDINAL 12
are about 13 of you	4.139	Jump to 2064.72	CARDINAL about 13
average of the 13. that is the case for	5.401	Jump to 2068.859	CARDINAL 13
the other the 12 other ones whose	4.619	Jump to 2079.24	CARDINAL 12
all 12 of the others get a bonus I I'm	5.94	Jump to 2096.82	CARDINAL 12
in the Pro if I could have one more 30	3.601	Jump to 2138.579	CARDINAL one
you know I found I find two things	6	Jump to 2153.22	CARDINAL two
80 of the losses	7.92	Jump to 2435.22	CARDINAL 80
going to raise it a second point that	3.599	Jump to 2486.76	ORDINAL second
if there is a reduction in one of those	6.42	Jump to 2513.88	CARDINAL one
been in the IG Community for over 42	6.301	Jump to 2528.579	ORG IG Community DATE 42
the 130 folks who work in the office of	5.579	Jump to 2537.76	CARDINAL 130
doesn't matter to me one bit Mr Bailey	5.46	Jump to 2550.06	PERSON Bailey
matter to me one bit how much I get paid	5.099	Jump to 2555.52
look at a 378 thousand dollar salary	5.76	Jump to 2561.94	MONEY 378 thousand dollar
that is one of the highest salaries in	5.02	Jump to 2564.48
the fed and one of the highest salaries	4.44	Jump to 2567.7	ORG fed CARDINAL one
the IG act that sets up those two	5.22	Jump to 2613.359	ORG IG CARDINAL two
1988 by Congress there have been	4.921	Jump to 2622.119	DATE 1988 ORG Congress
20 years ago the GAO came to Congress	4.84	Jump to 2630.72	DATE 20 years ago ORG GAO ORG Congress
September 2021 reports revealed a	6.3	Jump to 2653.68	DATE September 2021
between 1 million and 5 million dollars	5.52	Jump to 2681.16	CARDINAL between 1 million and 5 million dollars
stock funds exactly one day before chair	6.96	Jump to 2686.68	DATE one day
110-year history yet other than a few	5.799	Jump to 2705.54	DATE 110-year
four-page report about your	4.681	Jump to 2741.339	CARDINAL four
report several trades in 2019 and 2020.	6.84	Jump to 2752.68	DATE 2019 DATE 2020
between one and five million dollars	4.801	Jump to 2841.599	CARDINAL between one and five million dollars
2020 reportedly one of his largest	5.84	Jump to 2846.4	DATE 2020 CARDINAL one
first so I don't get	5.24	Jump to 2873.28	ORDINAL first
Powell we looked at each and every one	6.6	Jump to 2886.18	PERSON Powell
those four trades that were made that	6.419	Jump to 2904.9	CARDINAL four
were not initially included on his 2019	6.66	Jump to 2908.02	DATE 2019
and 2020 Financial disclosure reports	5.641	Jump to 2911.319	DATE 2020
and amended those forms from 2019 and	4.86	Jump to 2969.7	DATE 2019
2020. so he did more than what the	4.321	Jump to 2972.339	DATE 2020
a day or two after the blackout period	6.859	Jump to 3035.22
here chair pal sold between one and five	4.92	Jump to 3071.76	CARDINAL between one and five
million dollars worth of stock at the	4.8	Jump to 3074.94
beginning of October 2020 one of his	6.54	Jump to 3076.68	DATE October 2020
now I will introduce our Witnesses first	5.04	Jump to 4255.38	ORDINAL first
Brown the class of 1965 associate	6.36	Jump to 4260.42	DATE 1965
Pennsylvania Dr Connie Brown is one of	4.98	Jump to 4273.5	GPE Pennsylvania PERSON Connie Brown CARDINAL one
Ms Rodriguez viajardes has 30 years of	5.761	Jump to 4314.719	DATE 30 years
regulatory agencies in over 30 countries	5.78	Jump to 4323.12	CARDINAL over 30
you're recognized for five minutes	4.02	Jump to 4342.679	TIME five minutes
over the past two months three of the	5.039	Jump to 4353.12	DATE the past two months three
roughly 20 banks with assets between 100	5.401	Jump to 4355.219	CARDINAL roughly 20 CARDINAL between 100
billion and 250 billion dollars have	3.601	Jump to 4358.159	MONEY 250 billion dollars
of the remaining 17 we do not know how	3.24	Jump to 4361.76	CARDINAL 17
government related to the other three	5.099	Jump to 4366.56	CARDINAL three
since March 12 2023 we have been in a	4.38	Jump to 4369.08	DATE March 12 2023
last two months were designed or	3.6	Jump to 4404.78	DATE last two months
redesigned after the 2008 financial	3.779	Jump to 4406.4	DATE 2008
passage of the 2010 Dodd-Frank Act at	5.701	Jump to 4410.179	DATE 2010 PRODUCT Dodd-Frank Act
March 12th was a referendum on those	5.7	Jump to 4434.84	DATE March 12th
among many others then are these first	4.74	Jump to 4442.1	ORDINAL first
leading up to March 2023	4.74	Jump to 4446.84	DATE March 2023
second what changes does this crisis	3.301	Jump to 4449.659	ORDINAL second
three	3.12	Jump to 4477.8	CARDINAL three
first the actions taken by Congress	3.84	Jump to 4478.64	ORDINAL first ORG Congress
protection act of 2018 and through	4.38	Jump to 4484.88	DATE 2018
the law passed in 2018 is a key part of	5.22	Jump to 4517.76	DATE 2018
the people themselves in 2018 and Beyond	5.28	Jump to 4568.76	DATE 2018 ORG Beyond
my second conclusion is that we must	3.66	Jump to 4578.96	ORDINAL second
resigned in 1913 needs an overhaul at	4.801	Jump to 4645.739	DATE 1913
deemed expedient to create not one but	4.8	Jump to 4654.08
12 central banks with private Bankers	5.76	Jump to 4656.54	CARDINAL 12
March 2023 svb was likely insolvent on a	6.24	Jump to 4711.62	DATE March 2023
zero ninety seven point five percent of	5.16	Jump to 4743.42	CARDINAL zero ninety seven
low were zero regulatory Capital risk	6.121	Jump to 4759.679	CARDINAL zero
huge one trillion dollar unrealized	4.681	Jump to 4875.239	MONEY one trillion dollar
experience of three decades Consulting	4.14	Jump to 5086.5	DATE three decades ORG Consulting
financial regulatory agencies in over 30	5.039	Jump to 5090.64
supervisory culture throughout 2017 and	5.34	Jump to 5148.54	DATE 2017
2018 almost 400 financial institutions	5.58	Jump to 5151.36	DATE 2018 CARDINAL 400
barely five years later those words did	4.32	Jump to 5170.26	DATE barely five years later
remember that in August 2018 I wrote	5.04	Jump to 5176.92	DATE August 2018
asset range of 100 to 250 billion are	4.14	Jump to 5184.12	MONEY 100 to 250 billion
the United States in 2020 independent	4.919	Jump to 5218.26	GPE the United States DATE 2020
2155 EGR CPA as well as of the federal	6.28	Jump to 5226.98	CARDINAL 2155
2016. all the aforementioned were	4.56	Jump to 5288.82	DATE 2016
III pillar 3 risk disclosures leaving	4.739	Jump to 5304.42	CARDINAL 3
one order an independent investigation	5.28	Jump to 5331.54	CARDINAL one
senate confirmation three revised title	3.781	Jump to 5341.679	ORG senate CARDINAL three
of 2155 to reinstate dodd-frank's	4.8	Jump to 5345.46	DATE 2155
Banks four remove heads of Banks from	4.68	Jump to 5350.26	CARDINAL four
Federal Reserve District boards five	4.319	Jump to 5352.84	ORG Federal Reserve District CARDINAL five
Bank professionals six require	4.141	Jump to 5357.159	CARDINAL six
than just once a quarter seven utilize	4.44	Jump to 5365.32	CARDINAL seven
non-compliant banks eight require	4.08	Jump to 5374.44	CARDINAL eight
interest rate risk models nine reinstate	4.8	Jump to 5378.52	CARDINAL nine
Bank organizations and 10 provide strong	5.399	Jump to 5383.32	CARDINAL 10
to enforce one of the four causes of	5.699	Jump to 5443.44	CARDINAL one CARDINAL four
identifies is the 2018 law that	5.281	Jump to 5449.139	DATE 2018
put in place after the 2008 financial	5.82	Jump to 5459.94	DATE 2008
just call it 2155 that's what we call it	4.199	Jump to 5482.98	DATE 2155
how did the passage of 2155 this bill	7.321	Jump to 5487.179	DATE 2155
the provision in 2155 that it refer that	5.46	Jump to 5499.679	DATE 2155
five pages long it's very short	6.96	Jump to 5507.58	CARDINAL five
bank to grow above 50 billion or above	4.56	Jump to 5522.88	CARDINAL 50 billion
100 billion they knew that there would	4.08	Jump to 5525.159	CARDINAL 100 billion
anything below 250 billion dollars is	4.92	Jump to 5534.1	MONEY 250 billion dollars
right below 50 billion at the time that	5.34	Jump to 5544.12
so that was one way and when they grew	4.561	Jump to 5551.199
a 600 page history of Bank supervision	4.8	Jump to 5576.28	CARDINAL 600 ORG Bank
2155 and the fed's tailoring that it	6.52	Jump to 5635.28	ORG fed
one down on the ground with these folks	4.56	Jump to 5669.76	CARDINAL one
bar first conclusion that s 2155	8.52	Jump to 5679	ORDINAL first DATE 2155
pillar three then the market can	3.66	Jump to 5743.86	CARDINAL three
2018 uh really disappeared the tone the	5.82	Jump to 5785.56	DATE 2018
Congress who voted for S 2155 and the	6.661	Jump to 5824.739	ORG Congress EVENT S 2155
banks with more than a hundred billion	4.921	Jump to 5846.699	CARDINAL more than a hundred billion
2018 would they have supported the fed's	5.7	Jump to 5886.6	DATE 2018 ORG fed
than a hundred billion dollars in assets	7.38	Jump to 5895.42
if they had decided to do that once 2155	7.94	Jump to 5898.06	DATE 2155
would go further still in in the 20th	4.98	Jump to 5910.3	DATE the 20th
century 110 years that the FED has been	5.401	Jump to 5913.179	DATE century 110 years ORG FED
like a seven part test that if you want	5.58	Jump to 5945.46	CARDINAL seven
to tread into the 100 and 250 billion	5.699	Jump to 5948.46
as 2155 weakened the rules in the	6.54	Jump to 5982.54
s 2155 which would undo the fed's	6.54	Jump to 6034.679	ORG fed
confirmed by the Senate the 12 reserve	6	Jump to 6074.28	ORG Senate CARDINAL 12
collapsed it had 31 unresolved	6.96	Jump to 6112.32	CARDINAL 31
follow-up do you think no one is paying	3.12	Jump to 6130.44
Who oversee the 12 Reserve Banks	7.98	Jump to 6157.92	ORG the 12 Reserve Banks
officials they're uh nine of them total	4.98	Jump to 6167.46	CARDINAL nine
banks these nine are divided into three	5.941	Jump to 6178.619	CARDINAL nine CARDINAL three
of the of svb who one minute would be	4.92	Jump to 6188.699	TIME one minute
meeting to go to the next three are	4.08	Jump to 6196.5
historically all nine of them are were	5.4	Jump to 6208.5	CARDINAL all nine
15 years or so has been better	4.699	Jump to 6216.48	DATE 15 years or so
regulated by the Reserve Bank and three	4.739	Jump to 6232.44	ORG the Reserve Bank CARDINAL three
in the Federal Reserve Act and one	4.199	Jump to 6249.42	ORG the Federal Reserve Act CARDINAL one
in 2010 is that the class A directors	3.721	Jump to 6253.619	DATE 2010
that one of the director at the San	5.401	Jump to 6286.619	CARDINAL one
svb received 54 supervisory warnings	7.5	Jump to 6309.36	CARDINAL 54
is going to be critical of one of the	3.841	Jump to 6368.639	CARDINAL one
one of the board members that kind of	4.199	Jump to 6370.92	CARDINAL one
first time it's not like we pull back	4.26	Jump to 6447.3	ORDINAL first
happening in 2023 back in 2008 JP	9.179	Jump to 6451.56	DATE 2023 DATE 2008
now after 2008 Congress took steps to	6.241	Jump to 6496.619	DATE 2008 ORG Congress
but I would point out that the other two	3.739	Jump to 6562.92	CARDINAL two
its board of directors 2. so uh there	5.579	Jump to 6577.56	CARDINAL 2
all will bear with me there's one more	3.6	Jump to 6756.96	CARDINAL one
and in the first panel the FED IG who	5.219	Jump to 6828.96	ORDINAL first ORG FED IG
for the record are due one week from	4.919	Jump to 6910.32	DATE one week
today Wednesday May 24th for our	5.4	Jump to 6912.42	DATE today DATE Wednesday May 24th
Witnesses you'll have 45 days to respond	4.98	Jump to 6915.239	DATE 45 days