President Joe Biden’s Swift & Immediate Action On Silicon Valley Bank & Signature Bank
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On Monday, March 13, 2023, morning, President Biden spoke on the topic of Silicon Valley Bank, in the video published on March 13, 2023, by PBS NewsHour, as “WATCH LIVE: Biden speaks on the collapse of Silicon Valley Bank“, below:
According to President Joe Biden’s speech:
- SVB bank leaders will be fired
- no losses will be borne by taxpayers, but covered by fees paid into the system by banks
- depositors will have access to their funds
- FDIC insures up to $250K
- Treasury, FED to backstop the rest
- Protection also extended to Signature Bank depositors
President Joe Biden addressed the nation to assure Americans that the banking system is safe after the collapse of Silicon Valley Bank and Signature Bank. In his speech, he highlighted the immediate action that his administration has taken, in the video published on March 13, 2023, by CNN, as “Biden outlines consequences for SVB and Signature Bank executives“, below:
You may also be interested in these posts bel
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Joint Statement By The Department Of The Treasury, Federal Reserve, And FDIC: No Limit On Insured Amount For SVB & Signature Bank
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Understanding Bank Run At SVB (Silicon Valley Bank)
Silicon Valley Bank, Signature Bank and Silvergate bank have all collapsed throwing up a warning signs that something horrible is happening in the economy. But what’s the truth here? This is a story of incompetence, a changing economic environment and political lobbying, in the video published on March 14, 2023, by ColdFusion, as “US Banking Crisis: The Truth Behind The Disaster“, below:
MSNBC’s Stephanie Ruhle breaks down the economic impact of Silicon Valley Bank’s collapse, steps the Biden administration has taken to address it and what it could mean for other businesses and Americans, in the video published on March 13, 2023, by MSNBC, as “How consumers could be impacted by Silicon Valley Bank’s collapse“, below:
MeidasTouch host Ben Meiselas reports on the video posted first by the MeidasTouch Network from May 2018 showing Trump and the GOP law that removed pivotal regulations which caused the collapse of Silicon Valley Bank (SVB), in the video published on March 12, 2023, by MeidasTouch, as “Video of Trump SURFACES Showing TOTAL CULPABILITY“, below:
Liz Hoffman, Semafor business and finance editor, joins ‘Squawk Box’ to discuss whether the Federal Reserve’s intervention has stopped things from happening in the SVB case, the venture capital community’s social media response to SVB’s fallout, and more, in the video published on March 13, 2023, by CNBC Television, as “SVB fallout: What this means for regional banks“, below:
Aaron Klein, senior fellow in economic studies at The Brookings Institute, Raghuram Rajan, professor of finance at the University of Chicago Booth School of Business, and David Bahnsen, founder and chief investment officer of the Bahnsen Group, join ‘The Exchange’ to discuss the Fed’s response to the SVB fallout, bank market risk, and the contagion effect from SVB, in the video published on March 13, 2023, by CNBC Television, as “Silicon Valley Bank: What experts think of US regulators response to the fallout“, below:
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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