on Monday morning — an extraordinary intervention aimed at averting a crisis in the financial system.
Biden also said he would ask Congress and banking regulators “to strengthen the rules for banks to make it less likely this kind of bank failure would happen again and to protect American jobs and small businesses.”He warned that there will be consequences for banks that collapse. Fed officials declined to provide a specific figure for the size of that new loan program, but made clear it would be large enough to cover trillions of dollars in potential requests.The series of crisis maneuvers by federal authorities — announced just hours before the start of trading in Asia — reflected thejust a few days after the collapse of Silicon Valley Bank, which many financial experts thought initially was an isolated episode.
ちゃんと諮問機関利用した上での決定なんだろうか。 かなり危なっかしい綱渡り。 周りもこの人の独断を許すべきじゃない🤣
We as us tax payer should be demanding from the alphabet govmt agencies & POTUS EXACTLY how this bailout is being structured..if we the us taxpayer are buying these bonds at 100 cents on the dollar and not at mtm value is a total rape of the us taxpayer..post wtf ..nothing !!
Oprah and who else?
Should all deposits from 2008 be made whole. Reparations seem appropriate. How many Americans were hurt by banks malpractice
With as much money as Biden's been giving away and the record high inflation he's caused. Banks aren't getting the revenue they did when Trump was in office. Under Biden's reckless spending a lot more banks and credit unions will crash.🇺🇸
weakness
Rich people never lose. Tax payers always come to their rescue in capitalist America.
And keep his Silicon Valley donors appeased.
commendable approach to reassure depositors and at the same time not burdening the system by protecting investors.this will certainly keep the financial system in place
The inflation the Biden administration caused was one of the proximate causes of the bank failure.
US Dollar Printing Machine!!
“Demented old goat eats his breakfast through a straw while financial system collapses”
It’s called a bailout .. we have seen this before
President Biden is a good caring President. He looks out for The People. A different type of President would look out for the Bank, A Corporation or the Rich😳
🇱🇾👋🏽🇹🇷
Tic-Toc…Tic-Toc… 🙄
👀
Bank issue today is dem's doing. The bank failure today is the Fed's actions of quantitative easing, quantitative tightening, and fed funds rate increases implemented to offset the Dem's inflation caused by excessive spending and dems halting USA fossil production increases.
Then he ran away without taking questions b/c he has no idea what he’s talking about
I’ve never seen a media station give credit to such a horrible administration.
On February 26, 2021. Biden revoked Trumps Executive Order 13772 with Executive Order (EO) 14018 which revoked a number of Trump's executive orders including EO13772, Dodd-Frank Act.
Uhhh….how?
Everything's fine though, right?
What can happen will happen. It is just a matter of time.
USA is bankrupt ,there is no way the debt of 31.6 trillion will ever be cleared your money is worthless
That sounds like communism to me! In a free open market you should be prepared for the financial collapse of your bank.
Bidumb knows how to spend our money
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CBSNews - 🏆 87. / 68 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
SVB collapse may mean billions in losses if no buyer is found by MondayInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »