President Biden

@POTUS ↗

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Last Checked March 29, 2023

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Mon Mar 13 16:15:00 +0000 2023

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The White House

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President Biden @POTUS

On Friday, the FDIC – the government regulator in charge – took control of Silicon Valley Bank's assets. Over the weekend, it did the same with Signature Bank. Here's what comes next: — PolitiTweet.org

Posted March 13, 2023

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President Biden @POTUS

Thanks to actions we've taken over the past few days to protect depositors from Silicon Valley and Signature Banks, Americans can have confidence that our system is safe. People’s deposits will be there when they need them – at no cost to the taxpayer. — PolitiTweet.org

Posted March 13, 2023

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President Biden @POTUS

Everyone who had deposits at those banks can access their money today. That includes small businesses that need to pay their employees and stay open. No losses will be borne by the taxpayer. We'll pay for it from the fees that banks pay into the Deposit Insurance Fund. — PolitiTweet.org

Posted March 13, 2023