Editorials

Blame Biden’s spending, not depositors, for bank failures

By Washington Examiner
Published March 16, 2023 3:14pm ET
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Blame Biden’s spending, not depositors, for bank failures
It is impossible to know what would have happened had Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell, and Federal Deposit Insurance Corporation Chairman Martin Gruenberg not announced on Sunday that they would guarantee all depositors’ assets at the Silicon Valley Bank, including accounts greater than $250,000. The purpose of the depositor bailout was […]

It is impossible to know what would have happened had Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell, and Federal Deposit Insurance Corporation Chairman Martin Gruenberg not announced on Sunday that they would guarantee all depositors’ assets at the Silicon Valley Bank, including accounts greater than $250,000.

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Finance Inflation Joe Biden Silicon Valley Bank