President Biden

@POTUS ↗

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Last Checked March 29, 2023

Created

Mon Mar 13 16:15:01 +0000 2023

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The White House

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President Biden @POTUS

The management of both these banks will be fired. If a bank is taken over by the FDIC, the people running that bank shouldn’t work there anymore. — 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

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President Biden @POTUS

Investors in the banks will not be protected. They knowingly took a risk, and when risks don’t pay off, investors lose their money. That’s how capitalism works. — PolitiTweet.org

Posted March 13, 2023