March 14, 2023
President Biden says the banking system is safe after the Silicon Valley & Signature Banks collapsed over the weekend. He urged calm amid plummeting stocks. The taxpayer will ultimately be on the hook for this bank bailout. Tim Mayopolous is the new CEO of Silicon Valley Bank. He sent a letter to customers reassuring them that they are operating “business as usual.”
Biden addresses bank failures (0:30-1:49)
Karine Jean-Pierre doubles down on argument that this isn’t a bank bailout
Biden attacks DeSantis on transgender youth policies (2:11-2:56)
Collapsed Signature Bank refused Donald Trump’s business in 2021
College Palestinian group blames Israeli colonizers for climate change