Tag: rescue operation
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From Zero to Hero – WSJ
President Joe Biden at the University of Nevada, Las Vegas, March 15. Photo: Ethan Miller/Getty Images Isn’t it bizarre that so many people who cause problems then turn around and become heroes who solve the same problems they caused? Between the $1.9 trillion US bailout from the Biden administration and the green-laden $738 billion Inflation […]
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The Silicon Valley Bank bailout
The Treasury and Federal Reserve stepped in late Sunday to mitigate the financial damage of Silicon Valley Bank’s closing on Friday, guaranteeing even uninsured deposits and offering loans to other banks so they don’t have to take losses on their fixed income assets. This is a de facto bailout of the banking system, even though […]
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No ‘appetite’: Lawmakers agree to oppose potential Silicon Valley Bank bailout
In a rare show of consensus, congressional lawmakers from both parties said on Sunday they would oppose potential rescue options for Silicon Valley Bank, which collapsed Friday in the biggest bank failure since the 2008 financial crisis. Treasury Secretary Janet Yellen ruled out a bailout possibility for the bank’s owners and investors, and members of […]