US President Biden on SVB rescue: Bank deposit solution avoids putting taxpayer dollars at risk

Commenting on the Silicon Valley Bank (SVB) depositor rescue plan, US President Joe Biden said early Monday, the solution avoids putting taxpayer dollars at risk.

Additional comments

“Treasury secretary and National Economic Council director reached solution with banking regulators.”

“American people and American businesses can have confidence that their bank deposits will be there when they need them.”

“Committed to 'holding those responsible for this mess fully accountable'.”

“Will deliver remarks on Monday morning on how we will maintain a resilient banking system to protect our historic economic recovery.”

“Plans to continue efforts to strengthen oversight of larger banks.”

more to come ....