SVB collapse: Biden risks renewed economic worries and anti-bailout backlash

By Naomi Lim

Published March 14, 2023 10:00am ET

SVB collapse: Biden risks renewed economic worries and anti-bailout backlash — President Joe Biden is trying to reassure a public that still mostly remembers the 2007-08 financial crisis that the country’s banking system and their deposits are safe. But although Republicans are quick to criticize executives at the now-defunct Silicon Valley Bank for miscalculating the institution’s interest rate risk, they are also scrutinizing Biden for contributing […]

President Joe Biden is trying to reassure a public that still mostly remembers the 2007-08 financial crisis that the country’s banking system and their deposits are safe.

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