Richard Blumenthal

@SenBlumenthal ↗

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Last Checked April 3, 2023

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Mon Mar 13 01:17:29 +0000 2023

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Richard Blumenthal @SenBlumenthal

There should be significant comfort in this robust program: backups & safeguards, above the $250,000 FDIC insurance, & a major facility supporting banks—at no (zero) cost to taxpayers & with no protections for shareholders. — PolitiTweet.org

Posted March 13, 2023

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Richard Blumenthal @SenBlumenthal

After just finishing a briefing with the Fed, FDIC, Treasury & White House, I’m reassured their strong, prompt action will help avert further instability. The goal is to make depositors, banks, & others aware that fear driven withdrawals are unnecessary & unhelpful. — PolitiTweet.org

Breaking News: Federal officials closed a second bank and said it would bail out all depositors in the wake of Sili… https://t.co/hSpG1Q3kJf

Posted March 13, 2023

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Richard Blumenthal @SenBlumenthal

I’ve heard from diverse interests around CT & elsewhere about the ramifications of closing SVB & Signature Bank. I hope this action provides some real time reassurance. — PolitiTweet.org

Posted March 13, 2023