| Clip Of President Biden Remarks on Banking and the Economy
Report Video IssueGovernment Response to Bank Failures
User-Created Clip
by zlowe
March 13, 2023 2023-03-13T09:00:57-04:00https://images.c-span.org/Files/515/1678714728.jpgPresident Biden addressed government steps over the weekend to prevent a banking crisis following the collapse of Silicon Valley Bank. The president argued the “quick action” by the Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) means “Americans can have confidence that the banking system is safe.” He also said any losses would “not be borne by the taxpayers.” Instead, fees paid by banks into a government insurance fund would cover any losses.
by zlowe
March 13, 2023 2023-03-13T09:00:57-04:00https://images.c-span.org/Files/515/1678714728.jpgPresident Biden addressed government steps over the weekend to prevent a banking crisis following the collapse of Silicon Valley Bank. The president argued the “quick action” by the Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) means “Americans can have confidence that the banking system is safe.” He also said any losses would “not be borne by the taxpayers.” Instead, fees paid by banks into a government insurance fund would cover any losses.
President Biden addressed government steps over the weekend to prevent a banking crisis following the collapse of Silicon Valley Bank. The p… read more
President Biden addressed government steps over the weekend to prevent a banking crisis following the collapse of Silicon Valley Bank. The president argued the “quick action” by the Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) means “Americans can have confidence that the banking system is safe.” He also said any losses would “not be borne by the taxpayers.” Instead, fees paid by banks into a government insurance fund would cover any losses. close