Biden responds to Silicon Valley Bank crisis: American people and American businesses can rest assured their bank deposits will come when they need them

Odaily Planet Daily News The impact of the Silicon Valley bank explosion is spreading rapidly. On the evening of the 12th local time, Biden tweeted about the bank trust crisis to boost American confidence. Biden first retweeted the New York Times report and tweeted, “At my direction, Secretary Yellen and my National Economic Council Director are working with banking regulators to resolve the problems of Silicon Valley Bank and Signature Bank. I Glad they reached a solution that protects workers, small businesses, taxpayers and our financial system.” He then went on to say, “The American people and American businesses can rest assured that their bank deposits will come when they need them.” He also said, “I am firmly committed to holding those responsible for this mess fully accountable and continuing to work hard to strengthen the supervision and supervision of large banks so that we will not fall into this situation again.” Many people left messages and voiced their voices, and some expressed their support. But more netizens expressed disappointment and dissatisfaction. Someone said, “I don’t buy it. I don’t think you know what’s going on in the economy. If you did, you’d see $8 trillion+ on the Fed’s balance sheet and should cut Fed staffing and spending to cool down Inflation. You should stop wasting trillions of dollars on soaring demand.” (Global Network)