"The American people and American businesses can have confidence that their bank deposits will be there when they need them," Biden said in a statement.
"I am firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again," Biden said. The changes to the Dodd-Frank Act pushed by Republicans raised the threshold at which banks are considered systemically risky and subject to stricter oversight to $250 billion from $50 billion. Silicon Valley bank had $209 billion in assets at the end of last year.
"The prospect of legislation in this polarized political world is very low," John Coffee, a professor at Columbia Law School, told Reuters.
Henan Bank of China has not yet returned the deposits of depositors, and hopes that the government authorities will return them as soon as possible
In 1815, Rothschild made his famous statement: 'I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply.'
河南政府还我存款
Of course when his sponsors in Silicon Valley tell him to do so.
🤡
Biden will defend Ukraine and the banks. That's pretty much it these days.
Biden is way too biased on China and ignores all the domestic issues .
This clown 🤡 doesn’t even understand what happened
How? How is he going to defend them? How is he going to change the fact that two of the last 3 major banking failures literally occurred back to back?
Not possible. Greedy increases of interest rates by central bankers destroyed the balance of banking system
America is broken
For 40 years, Japan has distorted history by perpetrating forced family rape, human experimentation, and forced sexual slavery in Korea, and pouring huge political funds into it. American politicians taste Japanese money, ignore Korea, and only support Japan's rearmament.
Build. Back. Better. Banks. Biden. Blows.
Wow that made us all feel better. Nottt
Yhooo
So Barney Frank is on the BOD of Signature. LOL.
He wil cut food stamps to save the Banks.
That moment when capitalists become socialists.
So, QE back in business? Built back better bailouts in 3…2…1 Hail to the thieves. There are more in the queue
Defend it with what? His diapers?
🎶Sleep now in the Fire🎶
HenrikZeberg Good luck with that old man POTUS
sleep joe it’s time to wake up the money printer
HenrikZeberg
HenrikZeberg people to defend BTC
Why is this even needed if everything is tip top? SignatureBank is the second bank to fail. How many more before the world realises Sleepy Joe is SleepTalking?
Socializing losses.
Wut?
He's the reason it collapsed with signature bank as well that also collapsed ..wonder if others will follow
Fock workers or East Palestine but dont mess with my friends or Tech industry.....
There's never been this level of concern for the middle-class' investment portfolio.
100 billion usd Ukraine Aid package building back better, while banks collapse.
Defend?
Message to banks from the Biden administration...gamble away the money. We will reimburse your risk assets that burn up in flames.
Cancel all student debt while you're at it
We might be okay for now.
Sit TF down somewhere on this one Joe!
Thank God. I was really worried they were about to loose their yachts
If the libertarian rich and VC firms want deposit insurance above the $250k FDIC limit, they can purchase it themselves. I’m sick of bailing out the donor class. No more socialism for the rich, rugged individualism for the rest.
Socialize the losses.
Esg scam
Hahahahaha what
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