The Treasury Department announced in a joint statement Sunday evening with the Federal Reserve and FDIC that all deposits at Silicon Valley bank will be made available on Monday–with the same for Signature Bank which was taken over Sunday by New York state regulators.
Poster Comment:
4 bank stocks lost $55 billion in value of Friday. They did that to stop the Bank Run from spreading. But the real problems are the total number of bad debts to cancel and the death of the US dollar, the euro, the pound and the yen.
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Janet Yellen: No Federal Govt Bailout Of Silicon Valley Bank; Economy Is In Good Shape
In an interview that aired Sunday morning on the CBS News show Face the Nation with host Margaret Brennan, Treasury Secretary Janet Yellen said there would be no federal government bailout of insolvent Silicon Valley Bank which was taken over by California regulators and the FDIC on Friday.
Horse posted on 2023-03-12 21:20:31 Reply Private Reply