Biden Says 'Banking System is Safe' After 2 Banks Fail | Compare reporting by WSJ CNN dcexaminer
. It is not considered a bailout because bond and stockholders would not be protected. Additionally, Biden is asking regulators and Congress to strengthen banking rules to make it less likely that this type of bank failure could happen again.: "All customers who had deposits at these banks can rest assured, rest assured they'll be protected and they'll have access to their money as of today.
to contain fallout. Silicon Valley Bank's collapse has become the second-largest bank failure in U.S. History.: The collapse of Silicon Valley Bank was covered by sources across the political spectrum, with many pointing out the efforts to avoid a contagion of bank failures due to any lingering uncertainty and fear on the part of investors.
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