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Are taxpayers on the hook for bank bailouts? PDF Print E-mail
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Written by The Hill Press   
Friday, 17 March 2023 14:39

banking-silicon-valley-bank-2023No one has lost money since 1933, but many worry that coming to the aid of the banks won’t put a stop to future risky banking.


WASHINGTON, DC - While the White House says taxpayers will not be on the hook following two recent bank collapses, Republicans say these financial failures could impact every American with a bank account.

Republicans at Capitol Hill on Thursday were warning that Americans won’t be immune to the second-largest bank collapse in U.S. history.

According to the Federal Deposit Insurance Corporation (FDIC), 561 banks failed between 2001 and 2022. No one has lost money since 1933 due to a bank failure.

But that’s not stopping some Republicans from warning to the contrary.

Read the full story here.

Last Updated on Friday, 17 March 2023 17:02
 
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