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MichMan

(17,436 posts)

1. President Biden said there isn't any bailout

Reply to Uncle Joe (Original post)

Mon Mar 13, 2023, 04:03 PM

Mar 2023

"Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," Biden said from the White House. Biden said "no losses" would be born by taxpayers, and the money would come from the fees that banks pay into the Deposit Insurance Fund.

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Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a [View all] Uncle Joe Mar 2023 OP

President Biden said there isn't any bailout MichMan Mar 2023 #1

The government isn't bailing out SVB, Bernie. Ocelot II Mar 2023 #2

There is no bank Casady1 Mar 2023 #4

The depositors are mostly funded by SVB assets. Igel Mar 2023 #8

Right on, Bernie! Diamond_Dog Mar 2023 #3

Taxpayers aren't 'bailing out' SVP. The money comes from taxes paid by other banks. emulatorloo Mar 2023 #5

Do you believe this crisis is a direct result of Trump-era bank regulation policy? Uncle Joe Mar 2023 #6

I haven't seen the details explaining exactly how it did in this particular instance. MichMan Mar 2023 #7

Yes, he should. Igel Mar 2023 #9