i want to go to david sirota.of the pieces in lever news, the bank's president personally pressed congress to reduce scrutiny of its financial institution citing the low risk profile of our activities and business model. can you take it from there? tell us who is the ceo of svb and also talk about barney frank. >> sure. greg becker, the silicon valley bank president, cemented testimony when congress was looking at whether to weaken the then current dodd-frank law. what he was particularly pushing for was to raise the thresholds by which banks were subject to stricter scrutiny. there was a $50 billion threshold if a bank was bigger, had more assets and $50 billion from a faced higher capital requirements and work granular and more stringent stress tests to make sure the bank would not fail. ultimate, greg becker -- and he was not alone -- he and the banking industry got their way, raising that threshold for silicon valley bank and other similarly sized banks. greg becker, as one example, just to use him as an examp

caller: with regards to the tragedy in east palestine, i want to say thank you to david sirotas forgettingalism off, hitting the ground running so we can realize what corporate greed begets. more importantly, i wanted to talk about the senate banking hearing coming up with jerome powell. the thing a lot people forget is, the fed has not only interest rate adjustments, but they also have their asset buying program. mortgage-backed security, a lot of people do not realize they ought over $1 trillion worth of mortgages. that totally distorted the housing market. now, they are slowly but surely allowing them to trickle off. that more or less inflated this housing market that is now going to whipsaw right back down. i would love it if the senate inking committee asked him, one, why he felt the need to buy more than 2008 tarp mortgage-backed security purchases for covid? two, why is still sitting on billions and billions of mortgage-backed security hopefully, you are about that. host: if we do, you definitely want to take a look. that is coming up in 20 minutes over on c-span3. jerome powell, th