Podcast Episode Details

Government Bank Bailout

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President Biden says the banking system is safe after the Silicon Valley & Signature Banks collapsed over the weekend. He urged calm amid plummeting stocks. The taxpayer will ultimately be on the hook for this bank bailout. Tim Mayopolous is the new CEO of Silicon Valley Bank. He sent a letter to customers reassuring them that they are operating “business as usual.”

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Published on 2 years, 9 months ago