5 Months After SVB’s Collapse, SF Fed’s Bank Supervisor ‘Retires’
29th August 2023
Five months since the epic failure of Silicon Valley Bank – due to “a significant supervisory failure,” according to Dan Tarullo, a former Fed governor who oversaw financial regulation and supervision at the board – the man responsible for that ‘oversight’ at the San Francisco Fed is ‘retiring’.
Azher Abbasi will retire from his role as the head of supervision and credit at the Federal Reserve Bank of San Francisco effective Oct. 31, according to an email from the bank’s spokesperson.
Welcome to the Deep State: Nobody gets fired, nobody goes to jail.