FOX Business host 'Kennedy' argues the 2008 financial crisis led to the addition of more layers and bureaucracy, making the overburdened system prone to cracks on 'The Big Sunday Show.'
by emphasizing the safety and resilience of the American banking system. Yellen noted that one regional bank's collapse is highly unlikely to cause a nationwide catastrophe, Sunday morning on CBS.
A customer stands outside of a shuttered Silicon Valley Bank headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation., which would be the best outcome to let people understand that"we can move forward in the right manner.
"We have such a morass of federal regulations, we have a massive federal bureaucracy, and yet they never seem to be able to be there when we need them to be able to prevent something like this, and so we'll see what they do going into tomorrow, but I think it's just very disappointing," DeSantis said."Kind of reminds me of stuff that we saw in the financial crisis... This is supposed to be their job, and they always seem to whiff when it counts.
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