Biden says bank deposits are safe for all Americans: VIDEO

Here’s a brief video of Biden talking Monday, March 13 about the banking crisis triggered by Silicon Valley Bank’s demise. He pledges ‘whatever needed’. A few key notes:

– He reminds us that SVB depositors will have access to their deposits.

– Every American should be confident knowing their deposits will be there when they need them.

– Americans can rest assured that banks are safe, and that your deposits are safe.

– [No mention of FDIC $250k insured limits and whether insured and uninsured deposits are safe]

– Management of these banks will be fired

– Investors in the banks will not be protected

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Reference:

– Reuters link summarizing Biden comments