Economy

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

By Naomi Lim
Published March 14, 2023 10:00am ET
Add Washington Examiner on Google
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.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Finance Fiscal Policy Joe Biden Silicon Valley Bank