SVB collapse: White House promises ‘this is not 2008’

By Haisten Willis

Published March 13, 2023 7:37pm ET

Add Washington Examiner on Google

SVB collapse: White House promises ‘this is not 2008’ — Complex Financial Institution Resolution Specialist Brian J. Teitel speaks with customers waiting in line outside of a Silicon Valley Bank in Palo Alto, Calif., on Monday, March 13, 2023. The federal government intervened Sunday to secure funds for depositors to withdraw from Silicon Valley Bank after the banks collapse. Several individuals waited in line before the bank opened to withdraw funds. | (AP Photo/ Benjamin Fanjoy)

Despite the collapse of two banks and a depositor bailout, another Great Recession isn’t on the way, the White House said Monday.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Joe Biden Karine Jean-Pierre Recession Silicon Valley Bank Washington D.C.