The political fallout from the collapse of Silicon Valley Bank in the US continued on Sunday, with left-wing Senator Elizabeth Warren appearing on morning talk shows and repeatedly calling for an independent investigation into US bank failures and scathingly criticizing Federal Reserve financial officials.

A progressive Democrat from Massachusetts, who positions himself as a consumer advocate and a sharp critic of the US banking system, told CBS Face the Nation that he does not trust San Francisco Federal Reserve President Mary Daly or Fed Chairman Jerome Powell.

“We need accountability for our regulators who have clearly failed to do their job,” Warren said, adding that it “begins with” Federal Reserve Chairman Jerome Powell, who she said “was a dangerous person in that position.” .

“Remember that the Federal Reserve Bank and Jerome Powell have full responsibility for the oversight and supervision of these banks. And they have made it clear that they see it as their job to ease the rules for these banks. Now we are seeing the consequences,” Warren added.

Asked if she “believes” in Daley, under whose jurisdiction the SVB was, Warren categorically replied, “No, I don’t.”

Since the collapse of Silicon Valley and the Signature banks, the former presidential candidate has launched a massive offensive in recent days against politicians on both the left and right who supported the deregulation of small US banks during the Trump era.

Warren sent letter inspectors general of the US Treasury Department, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, urging regulators to look into the recent management and oversight of banks that collapsed earlier this month.

Warren unveiled legislation last week that would repeal the law and raise “stress tests” for “too big to fail” banks from $50 billion to $250 billion. On Sunday, Warren also advocated raising federal guarantees on consumer deposits above the current $250,000.

“Is it $2 million? Is it 5 million dollars? Is it 10 million dollars? Small businesses should be able to count on getting their money to pay salaries, pay utility bills,” Warren said. “These are not people who can research the safety and soundness of their individual banks. This is the job that regulators should be doing.”

Warren expanded on her criticism on NBC’s Meet the Press, calling for a halt to interest rate hikes when central banks meet next week and saying Congress pushed Powell to support deregulation in 2018.

“Look, my views on Jay Powell are now well known. He had two jobs. One of them concerns monetary policy. One of them is to deal with regulation. He failed at both,” she said.

US prosecutors are investigating the collapse of SVB, a source familiar with the matter told Reuters last week after the $212 billion bank collapsed as depositors rushed to withdraw their money.

The blame game began, with some arguing that the bank’s apparent lack of proper risk management, coupled with deregulation and soaring interest rates, led to the unfortunate event that was to come.

US banks have since lost about half a trillion dollars in value. On Friday, President Joe Biden promised that bank customer deposits were safe and the crisis had subsided.

In Warren’s letter, released Sunday, the senator also urged executives of bankrupt banks to be held accountable.

“Bank leaders who took unnecessary risks or failed to hedge against predictable threats should be held accountable for these failures,” Warren said. “But this mismanagement was allowed due to a series of mistakes on the part of legislators and regulators.”

Elvis Presley made the first installment of his Graceland mansion on this historic day, March 19, 1957.

The “King” made a down payment of $1,000 in cash for a home outside of Memphis, Tennessee, according to the History Channel.

In 2023, that figure is equivalent to just over $10,000.

Presley bought the house for $102,500.

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By the time he bought the house, Presley had already released two studio albums and 48 singles and was finishing work on his second feature film, Loving You, according to History.com.

The then 22-year-old singer bought Graceland in part for privacy reasons.

“Elvis had already bought one house for his parents on Audubon Avenue in East Memphis, but the residential area was filled with onlookers and fans when Elvis became a megastar,” according to the History Channel.

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Today, Graceland is the second most visited home in the US.

According to History.com, the White House is at the top of the list.

Graceland in 2017. The former home of Elvis Presley is one of the most popular tourist destinations in the US – second only to the White House. (AP Photo/Beth J. Harpaz, file)

Presley died in Graceland’s master bedroom on August 16, 1977.

The house “has been preserved exactly as Elvis left it,” according to Graceland’s website.

Presley, along with members of his family, including most recently his daughter Lisa Marie, are buried in the Graceland Meditation Garden, the website says.

Graceland has undergone significant changes since it was built in 1939.

The Graceland Mansion sits on a 13.8 acre lot.

While the house may be preserved as Elvis left it, Graceland itself has undergone significant changes since it was built in 1939.

Elvis Presley (1935-1977), American rock and roll legend. Graceland today has a resort hotel and a chapel. (Getty images)

Graceland was originally part of a 500-acre farm owned by the S.E. Toof family, the Graceland website says.

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“Graceland” comes from the name of one of the S.E. Toof family members, Grace.

Elvis was buried in his beloved Graceland. Fans can visit his grave during tours of the grounds. (Robert Alexander/Getty Images)

Graceland’s history states that “in 1939, Grace’s niece, Ruth Brown Moore, and her husband, Dr. Thomas Moore, built a mansion that became well known to the Memphis locals.”

After Presley bought it, he made several changes to the house, including building the famous “jungle room” as an addition.

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According to the house’s website, the Graceland site now has a resort hotel and chapel.

As Priscilla Presley said, according to Architectural Digest, “Visitors flock to Graceland to feel connected to an icon whose life is still shrouded in mystery.”

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This publication also quotes her as saying: “Elvis didn’t fit into the mold, he marched to his own drum… But when people walk in that front door [of Graceland], reverence, respect, silence. As if his spirit is there. They come back time after time to test… it.”