Democratic Senators Elizabeth Warren and Richard Blumenthal have asked the Biden administration to launch a criminal probe into whether SVB executives violated civil or criminal law ahead of the bank’s collapse last week. In a letter sent to the Securities and Exchange Commission and Attorney General Merrick Garland, the senators write, “One of the enduring failures in the aftermath of the 2008 financial crisis was the inability or unwillingness of DOJ and bank regulators to hold bank executives accountable for behavior that destroyed millions of lives and cost trillions of dollars of wealth. The nation’s bank regulators cannot make the same mistake twice.”