#Biden: 'Our #Banking System is Safe' After #Silicon Valley #Bank Collapse #svb #signature #shorts

After the failure of Silicon Valley Bank and then Signature Bank of New York, which invested in crypto currencies, the Treasury Department and banking regulators are now promising depositors they will have access to all their funds when branches open today.

The Feds took action after damage from the second-biggest bank failure in U.S. history began to create a panic and rippled around the world.

"I think that without this, there could have been some serious runs on other banks," said William Cohen, founding partner at the news website Puck, "because there would have been a loss of confidence throughout the whole system."

Read the full story from CBN's Dale Hurd:

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[suebennett]

Whatever he spews out is always the complete opposite!

[timothyscott]

All i heard was, "blah blah blah Jill wheres my heating pad and diapers"

[lindas]

Please note that the bonuses for upper management was given to them within days of SVB collapse. Also see where upper management sold their stock a month before collapse.

[JoseRivera-bebo]

This man spits poison in every direction

[JeremiahndExodus]

the banks are safe and effective huh where did I hear that from before?

[slimpickins]

He scratched his nose because when you lie your nose starts growing. As it starts growing it itches a little.

[cg]

Please just continue bringing your money to us. Trust us with it.

[willl]

a govermnt agency took over a failed california bank lol...we are in good shape

[Itsallsotiresome]

A president or any world leader trying to say their banking system is safe as if they have the authority to say so, is like a pet owner saying that they know for sure that the veterinarian is coming into work that day.
They don't know, nor have the authority to say so. The only one that does have the authority to say that about the banks is the owner of the banks.
So, ask yourself, why would a president say this? Because the exact opposite is true and he's trying to prevent panic which would reflect badly on him as the perceived one in charge.
He's also doing the bidding of his string pullers, the lobbyists, and those who own the federal reserve, and trying to prevent people from pulling their money out of their accounts because what happens when the banks fail? The government seizes the bank and all the funds in it. My suggestion to you all is to leave enough in your account to pay your bills, but pull everything else out while you can.

[oO-_-_-_-Oo]

He forgot that he's talking about Ukraine.

[Rapturetjmoore]

How come you knew last week but waited until late Friday afternoon to notify people????

[littlestar]

Luke 22
²⁵ And he said unto them, The kings of the Gentiles exercise lordship over them; and they that exercise authority upon them are called benefactors.
²⁶ But ye shall not be so: but he that is greatest among you, let him be as the younger; and he that is chief, as he that doth serve.

[weaponizedmath]

1920s as the stockmarket crashed, banks LOCKED the doors and wouldn't allow withdrawals YOU WERE ON YOUR OWN. Some became criminals, bank robbers, others could only buy apples, sold everything, others died SOME could only afford 5 or 6 lavish parties a month ..which category will you be in..

[angelawesel]

😢Well folks we have been here before but this time they are doing it on weekends. Follow the $$, cuz they are yours, js🇺🇸😎 banks going down means depression, and the govt doesn't have the $$ to cover. Ok to be aware but be prepared cash everything in don't walk away with nothing.js

[DISASTROPHOLOGY]

I thought the economy was strong as hell

[dunedad]

Biden said my money is safe in the bank——
Honey! Where are my car keys!

[BUTCH]

Oh boy! Is this guy is our American president? Oh please.

[JP-nbtm]

As long as the bank gives BLM $75mill.

[hamalubaaugustine]

Americans are just watching this grandpa fooling them

[hagaibinsealtiel]

... And if it is not then Trump is to blame...