Bank Collapses: Yes, It’s a Taxpayer Bailout

US president Joe Biden “stresses that Silicon Valley Bank is not getting a bailout,” The Hill reported on March 13. “[N]o losses will be borne by the taxpayers,” he said of the federal government’s decision to cover deposi…

US president Joe Biden “stresses that Silicon Valley Bank is not getting a bailout,” The Hill reported on March 13. “[N]o losses will be borne by the taxpayers,” he said of the federal government’s decision to cover depositor losses in excess of  $250,000.  “Instead, the money will come from the fees that banks pay into the More

The post Bank Collapses: Yes, It’s a Taxpayer Bailout appeared first on CounterPunch.org.

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Thomas Knapp | radiofree.asia (2024-05-18T23:05:21+00:00) » Bank Collapses: Yes, It’s a Taxpayer Bailout. Retrieved from https://radiofree.asia/2023/03/16/bank-collapses-yes-its-a-taxpayer-bailout/.
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" » Bank Collapses: Yes, It’s a Taxpayer Bailout." Thomas Knapp | radiofree.asia - Thursday March 16, 2023, https://radiofree.asia/2023/03/16/bank-collapses-yes-its-a-taxpayer-bailout/
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Thomas Knapp | radiofree.asia - » Bank Collapses: Yes, It’s a Taxpayer Bailout. [Internet]. [Accessed 2024-05-18T23:05:21+00:00]. Available from: https://radiofree.asia/2023/03/16/bank-collapses-yes-its-a-taxpayer-bailout/
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" » Bank Collapses: Yes, It’s a Taxpayer Bailout." Thomas Knapp | radiofree.asia [Online]. Available: https://radiofree.asia/2023/03/16/bank-collapses-yes-its-a-taxpayer-bailout/. [Accessed: 2024-05-18T23:05:21+00:00]
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» Bank Collapses: Yes, It’s a Taxpayer Bailout | Thomas Knapp | radiofree.asia | https://radiofree.asia/2023/03/16/bank-collapses-yes-its-a-taxpayer-bailout/ | 2024-05-18T23:05:21+00:00
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