Sunday, March 12, 2023

U.S. officials weigh protecting all deposits at Silicon Valley Bank

 Thats called a bailout..

https://t.co/Y9Go7zi6Gc

Federal authorities are seriously considering safeguarding all uninsured deposits at Silicon Valley Bank, weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system, according to three people with knowledge of the matter, who spoke on the condition of anonymity to describe private deliberations.


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