Ken Griffin, the founder and CEO of Citadel, isn’t a fan of the extraordinary measures taken by the U.S. Federal Reserve to protect depositors at Silicon Valley Bank and Signature Bank on Sunday.
“There’s been a loss of financial discipline with the government bailing out depositors in full,” Griffin said, in an interview with the Financial Times on Monday. Griffin continued that the measure was a betrayal of the U.S.’s capitalist economy, which he said was “breaking down before our eyes.”
