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FOXNEWS FOX and Friends July 6, 2024



insurance for deposits saving grace for deposit fors as of much as $220 billiony uninsured. move to prevent a run on additional banks makes it so the tech company as it banked with svb can make payroll. at least 29y impacted pinterest, zip recruiter just to name a few. separately the same has been done for new york signature bank which was shut down over the weekend. treasury secretary janet yellen says the action does not equal bailing out the banks. during the financial crisis there were investors and owners of stem large banks that were bailed out and we re certainly not looking and the reforms that have been put in place means that we re not going to do that again. but, we are concerned about the depositors and are focused on trying to meet their needs. so, unlike the great financial drivers stock and bond investors will not be protected by the move. and taxpayer money will not be injected. percy square agrees this was not a bailout. he wrote this on twitter, ....

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FOXNEWS FOX and Friends June 4, 2024 10:02:00

Financial drivers stock and bond investors will not be protected by the move. and taxpayer money will not be injected. percy square agrees this was not a bailout. he wrote this on twitter, quote more banks will likely fail despite the intervention. but we now have a clear road map for how the government will manage them. bank boards and managements have received a massive wake-up call. u.s. regulators are still looking for a buyer or svb the british arm has been purchased by hsbc for one pound or a little more than a dollar. guys? brian: what a weekend. here we go again. thanks, alex, appreciate it. what everyone was trying to find out yesterday what janet yellen and everybody was going to do today about the banks. we found out new york signature ....

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