After two historic US bank failures, here’s what comes next

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Two large banks collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Biden is reassuring Americans that their money is safe. Here's a look at what's happening and why it matters.

The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018.

The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018.

 

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Cómo era la cosa ? Papá estado creo

Only if they also stabilize The People.

I love it when they call people attempting to get their money a bank run.

Venture capitalists are “Americans” now?

My money might be safe but $40,000 of it is safe in somebody else's hands.

FDIC depositor insurance is up to $250,000, so whose money wasn't safe!?

Get the money out before you lose it as this Administration lies daily!

Reassurance and Biden are two words that never need to be in the same sentence…… LMAO

No worries, the country is heading in the right direction......

Just to be clear, no matter how the federal government launders the bailout money, ultimately, the taxpayer/consumer gets stuck with the bill.

How did it happen? Greed.

There's limits to what the government can do when there is a valid crisis of confidence. FDIC moved in an dealt with the issue. That a group of bad actors have seized upon the matter for personal gain, is another matter.

Meanwhile…

If the bank that holds my mortgage collapses I’m ok with that.

Millionaires and billionaires will move fast to ensure that they lose no more money why we wait for affordable housing and Social Security that actually pays the rent. The rich get everything in this country and the poor and disabled get absolutely nothing at all.

Biden’s America! 🖕Biden!!!

What money? We’re all fuckin broke.

How about re-instituting Dodds-Frank. That should solve everything. Thanks again Donald, for de-regulating greed and fiscal irresponsibility.

If you'd stop fear mongering we would be fine

Barney Frank was on the board....lol

the great reset 'you vill own nothing and you vill be happy'

what is a bank if not a place where you can borrow money when you can prove that you don't need it?

That’s reassuring…😂😂😂😂😂😂

Does anything the government does ever work besides the wars it starts.

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