Biden addresses banking concerns after Silicon Valley Bank, Signature Bank collapse | Special Report

President Biden addressed the nation on Monday about the government's response to the failure of Silicon Valley Bank in California and Signature Bank in New York. He said the overall banking system remains sound and taxpayers will not bear the costs. Tony Dokoupil anchored a CBS News Special Report with reporting and analysis from Weijia Jiang at the White House, Errol Barnett outside Silicon Valley Bank's headquarters in Santa Clara, California, and business analyst Jill Schlesinger.

#news #siliconvalleybank #biden

[randyo]

After 2+yrs he’s still blaming his predecessor. 😂

[huskermike]

Trying to calm the masses. The downfall has begun.

[dr.jeffreydavis]

What he failed to mention in regards to unemployment is that people aren’t working they are not in the labor force.

[bobsacamano]

stop bailing these guys out! let the market collapse! Welcome hyperinflation.

[bigbird]

The way he walks out makes me think the real message is it’s not safe

[afterworkart]

So what's really about to happen 🤔

[PSSniper]

Guys he says do not worry just do not worry he got your back (same has Afghanistan 🇦🇫 and Russia + the border the narco the illegals and so on...) I'm not worried I'm running

[StarsAndAngels]

why increase the FDIC limit for THIS bank??? Depositors just have no worries and HOW is this not public suppprt

[robertotis]

Thank you president Biden for not answering questions after your announcement.

[bigbird]

So if the bank failed where did the money go

[yaminhaniyah]

Wow, he never even bothered answering any questions as to what caused the collapse. Maybe they should be fired if they can't give an explanation as to what happened.

[martywollner]

If the FDIC just covers the 250k for all depositors, how will that impact the national budget? Can't this start an avalanche of failures?

[michaelwinkelman]

Meaningless words as usual and wait for it we the taxpayers will be paying for another bailout its coming mark my words.

[notmyrealname]

I can sleep soundly tonight knowing Biden has everything under control..🙄

[zerokool-]

They just learned that banks collapses aren’t good? 😂. They just learned it.!!

[bigbird]

If he knew trump changed something why didn’t he fix it

[MrTimbaline]

Banks failing and recession all time high. Blames trump and his administration. This guy 😅

[eklim]

Banksters fired, investors hang dry, depositors safe, tax payers untouched

[AngloProtestant]

You will own nothing and you will be happy

[rosemarcos]

Exactly whatever he says to do do the complete opposite if he says everything is fine ...please know that it is not fine!!! And everything that he's saying is not going to happen... it's going to happen... And probably it has already happened...he is a puppet being controlled by the evil spiritual realm. I'll give you one guess who is controlling him ....