Biden emphasizes US banking system is safe after Silicon Valley Bank collapse

Posted on AllSides March 13th, 2023
From The Left
banking and finance, Joe Biden, Silicon Valley Bank
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President Joe Biden on Monday underscored that the American banking system remains safe, laying out how his administration is taking action to contain Silicon Valley Bank’s collapse.

“Americans can rest assured that our banking system is safe. Your deposits are safe,” Biden said from the Roosevelt Room. “Let me also assure you we will not stop at this. We will do whatever is needed on top of all this.”

Biden used his speech – which was only announced Sunday night – to allay fears, directly explaining what he has instructed his...

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https://www.cnn.com/2023/03/13/politics/biden-banking-speech

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