Treasury Secretary Janet Yellen on Sunday instructed the Federal Deposit Insurance Corporation to guarantee Silicon Valley Bank customers will have access to all of their money starting Monday. By guaranteeing all deposits – even the uninsured money customers kept with the failed bank – the government can ensure public confidence in America’s banking system, Yellen, Federal Reserve Chair Jerome Powell and FDIC Chairman Martin J. Gruenberg said in a joint statement.
But there have also been extensive discussions about the legal authorities tied to providing a federal backstop for the bank’s uninsured deposits, as well as a separate Federal Reserve facility that other banks with similar exposure could have access to in order to generate confidence in the market, according to two people familiar with the matter.
NO! The taxpayers are bailing them out!
Build back better 🤣🤣
Biden’s America
For everyone government has a money only not for hard working people that with all hard work need SNAP benefits and now is taken from their families,in America is many millions of families hungry 😭😭
Is Biden counting all of the bank depositors in the domino effect...or is it a meltdown?
After profiting from a weekly investment, I must say that everyone should stop falling for huge thousands, a lot has promised and failed from a hundred investments. MarkMaynardq is the best. Your income depends on your capital, trade with who is guaranteed of profit return.
My god. It’s almost as if we need banking regulations.
*taxpayers bail out.. not regulators
So then why doesn’t he pay student loans for people? POTUS
HOW
I can provide evidence that not only convicts Kamala Harris of FIRST DEGREE MURDER on two counts, and that CNN through collusion is attempting to conceal the TRUTH!
FMICNigeria I live right behind Army Estate, Kubwa, adjacent to Police Estate, Kubwa, FCT. It appears some residents in my Neighbourhood, are being attacked by armed Robbers for the past one hour, and as we speak. Please call the Police and the Army in Abuja.
Report this.
So the limits of insurance are meaningless now. Good to know. ItsAllAScam
Democrats love bailing out their corporate donors at the expense of the American working class
the depositors up to 250k are insured, all the larger depositors will almost assuredly be made whole, as SVB had more assets than liabilities when the FDIC took over control and shut them down. it's the reason the FDIC took action in the first place.
At NO cost to taxpayers! Why can you write an informed headline?
ROFLMAO. Shitlibs never pass up a chance to bail out the rich.
BANK RUN! BANK RUN!! BANK RUN!!!
When banks go under it is a telling sign that the economy is not in good shape.
Is safe to backed your Fiat via Digital Currencies most especially now
And another one down… Biden’s doing great.
This will never happen, it's a lie.
More evidence the Biden economy is failing.
I lost 16K in Vegas, another 350K during the lockdowns, lost 740K investing in wind farms and 290K on crypto. Where do I apply for a taxpayer bailout?
Great. Always there for everyone. If it was TrumpubliQans they would be
Deregulation!
POTUS is a lying disgrace.
Gold will reach new ATH coming week.
Tough one !!!
Can you please state who the 2nd Regional Bank is? Article does not say, and unless you state who it is, this is fear mongering and fear spreading for clicks and revenues…
Yep Biden has just lost my vote. Tax payers must bail out wealthy but we cannot bail out college students. I see that everything is stacked for the top 1% no matter who the president is. He must be primaried.
⬆️
I thought it was Russia that was collapsing lol
Taxpayers, bend down and grab your ankles... Again
25 billion is not enough. There goes everything
Socialism for the rich, rugged individualism for everyone else.
So I assume forgiving all student debt & medical debt should be no problem now, right?
'Good news, folks! Your money is safe and sound...until the next regional bank decides to go belly up.'
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