UPDATE FROM CNN:
President Joe Biden plans to address Americans this morning about his administration’s emergency response to the failure of two banks over the past few days. This comes after tech lender Silicon Valley Bank collapsed Friday in the second-largest failure of a financial institution in US history. (The Biden administration on Sunday guaranteed that those impacted by SVB’s collapse will get their money back starting today.) In a related action, the government shut down Signature Bank, which was teetering on the brink of collapse in recent days. Wall Street investors were relieved by the intervention after markets tumbled late last week, but some analysts say smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride.
US, UK try to stem fallout from Silicon Valley Bank collapse
“And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.”
The government has no money….we are so broke……. but Biden keeps printing monopoly money in the basement. The federal government has spent $723 billion more than it has collected in fiscal year (FY) 2023, resulting in a national deficit. More Here
I do not even know if Americans is paying attention…..
Danger ahead folks……..gonna have to ‘pay the piper’ sooner than later…..’the house of cards’ or what I call the ‘house of freebies’ will fall sooner than later. Americans love FREE money from the government. The DEMS have hooked many on the free money, while us taxpayers suffer.
You could call the White House, ‘The House of Horrors’
From THE HILL:
The collapse of Silicon Valley Bank (SVB) is likely to dominate chatter on Capitol Hill this week, as lawmakers look to learn more about the bank failure and regulators seek to calm the banking industry.
Regulators shut down Silicon Valley Bank on Friday after the institution saw a significant run amid liquidity issues, marking the largest bank failure since the 2008 recession and the second-largest in U.S. history. More Here