Category Archives for "The Economy"

Biden Vows to Hold Parties Responsible for SVB Collapse, Treasury Sec. & NEC Director Reassure Americans of Financial System Safety

On March 13, 2023, President Joe Biden vowed to hold those responsible for the failure of Silicon Valley Bank (SVB) and Signature Bank accountable while reassuring Americans that their deposits are safe.[0] SVB had been the 16th-largest bank in the U.S. before its shutdown Friday after it lost $2 billion in a liquidity crisis.[1] Treasury […]

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