Money ‘Asleep at the wheel’: Lawmakers take aim at Feds for failing to prevent SVB bank collapse March 28, 2023March 28, 2023 Maureen Groppe, USA TODAY Comments Off on ‘Asleep at the wheel’: Lawmakers take aim at Feds for failing to prevent SVB bank collapse A top Federal Reserve official called Silicon Valley Bank's failure a "textbook case of bank mismanagement." Fed regulators are also in the hot seat.