Federal government backs deposits after Silicon Valley Bank collapse

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Some regional banks halted trading Monday after the collapse of Silicon Valley Bank and Signature Bank. The federal government said depositors will not lose their money. CBS News national correspondent Errol Barnett reports on the fallout from Santa Clara, California.

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They’ll be allowed to do with their money what they wish…unless they wish to withdraw it all.

RaffineDebauche
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I feel sorry that venture capitalists have lost their banks, maybe the government can force all banks to prop up venture capitalists.

wegder
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THE COLLAPSE OF THE USA DOLLAR COMING THX TO BIDEN

vinceversage-ezvk
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The FDIC only has 125 billion dollars in its fund. If every bank goes down we will only get two percent of our deposits back

alk
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-Economists were like: No Joe, don't print that $4.5 Trillion Infrastructure Plan, $1 Anti Inflation Act and the recent $1.7 Trillion with money that never existed. The Economy could...we're here

johnrosue