FOXNEWS FOX and Friends July 6, 2024
that's a saving grace for customers of silicon valley bank as much as $220 billion in assets were uninsured. it's a move to prevent a run on additional banks and makes it so the tech companies that banked with svb can make payroll. at least 29 were impacted including big names like pinterest, fit bit, zip recruiter who name a few. separately the same has been done for new york signature bank shut down over the weekend. treasury secretary janet yellen says this action does not equal bailing out the banks. >> during the financial crisis, there were investors and owners of systemic larg...
Source: archive.org
