Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and FDIC Chairman Martin Gruenberg said in a joint statement that the banking system “remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry.” They vowed that “no losses” associated with the collapse of Silicon Valley Bank would be “borne by the taxpayer.”......
ROFLMAO Dow down 650 points 2% ,s&P 70 points down 1.77%
sure glad no losses will be borne by taxpayers...like increased fees lower interest on deposits, other changes that are a hidden tax...remember crap runs downhill..banks will pass new feeS, all on to clients, most of whom are taxpayers. Our government lie much ? do they ever tell the truth?
Both Obama and Biden have been on the take. So have many others. When any person takes money to do another’s bidding, we need the authority to FIRE THEM.
Just how is it that Yellen Brandon & Barry can write checks not funded by the House?