The story of "runs caused SVB failure" is highly misleading. No natural disaster; but insolvency followed by run. "Free market" enthusiasts hate regulations, now want bailouts, & fail to ask WHERE WERE THE REGULATORS??? Ben Eisen and Andrew Ackerman The Wall Street Journal spot on wsj.com/articles/where…

In years of advocacy I encountered many enablers of the entrenched, and dangerous financial system, including academics. I conclude with: "Change is possible, but it will take a village." Enablers keep promoting flawed narratives. If they keep succeeding, change is difficult.

"Banks should be required to raise more money from shareholders. Money from shareholders is called capital and banks have far less of it than other kinds of companies." Bad rules reward recklessness, then cries for bailouts on the downside. New York Times Opinion nytimes.com/2023/03/14/opi…?

Looking forward to this event svb.live.ft.com/home

CASI's faculty co-directors Anat Admati and Paul Pfleiderer weigh in with their thoughts about US banking in the wake of the SVB bank failure

Positive news for a change! US commits to enhancing corporate transparency along with 20 other countries participating in this week's Summit for Democracy. state.gov/summit-for-dem…

Silicon Valley Bank’s collapse threatened to spill over into a broader bank run that could have devastated small businesses and communities, researchers have found. nyti.ms/3UxltkK

Read, watch and listen! Check out CASI's curated list of books, movies, documentaries and podcasts. casi.stanford.edu/news/read-watc…

How can business leaders engage more thoughtfully with labor unions? Join us in person or virtually for CASI's nexy event w/ More Perfect Union Faiz Shakir Stanford Graduate School of Business on Tues. 04/25 at 6:15 PT. To register: casi.stanford.edu/events/unions-…

Smart read: CASI co-faculty dirs. @AnatAdmati & Paul Pfleiderer, and Stanford Graduate School of Business Prof. Amit Seru sent bank regulators in 2019 -- suggesting a different strategy on bank rules

Join us this Thurs. 04/27 @ 6:15 PDT Stanford Graduate School of Business for CASI's next event. The topic is building wealth through shared ownership models. To register: casi.stanford.edu/events/employe…

Here's the Fed's plan for tighter bank oversight after SVB's failure trib.al/KIkfiJa

Join CASI Stanford Graduate School of Business in person or via livestream this Thurs. @ 6:15 PDT with author NaomiOreskes as she exposes the "free market myth". To register: casi.stanford.edu/events/exposin…

Time for the PCAOB Auditor to do something, right @retheauditors?

Must-read OpEd by Stanford Graduate School of Business finance professor and Hoover Institution Senior Fellow Amit Seru. Are we facing a moral hazard?

The First Republic deal “may have been the easiest way to deal with the immediate issues… but longer term it perpetuates the tendency to always kick cans down the road that plagues the banking sector and its regulators.” — Professor Anat Admati bloomberg.com/news/articles/…

Follow the $$$ Mon. 05/15 @ 6:15 PT Stanford Graduate School of Business CASI event explores how financial secrecy is corrupting capitalism w/ author Raymond Baker & FSI Stanford Larry Diamond. To register: casi.stanford.edu

For the first time, companies are figuring the gains and losses in the stock awards that make up much of CEOs’ pay. Elon Musk took a nearly $10 billion hit at Tesla. on.wsj.com/3BrJ2ms

CASI co-faculty director Anat Admati w/ co-authors M. Hellwig and R. Portes calls on the Fed to fix underlying bank solvency issues. cepr.org/voxeu/columns/…

No Rules, No Trust: How Accountability Shapes Communication...a great conversation between Anat Admati and Matt Abrahams. linkedin.com/feed/update/ur…