Are taxpayers on the hook for bank bailouts? |
News |
Written by The Hill Press |
Friday, 17 March 2023 14:39 |
http://newiprogressive.com/images/stories/S5/banking-silicon-valley-bank-2023-s460.pngNo 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. |
Last Updated on Friday, 17 March 2023 17:02 |