US president Joe Biden “stresses that Silicon Valley Bank is not getting a bailout,” The Hill reported on March 13. “[N]o losses will be borne by the taxpayers,” he said of the federal government’s decision to cover depositor losses in excess of $250,000. “Instead, the money will come from the fees that banks pay into the … Continue reading Bank Collapses: Yes, It’s a Taxpayer Bailout → - by Thomas L. Knapp
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