Biden to Address Banking Crisis on Monday Morning

[applegrove]

Last edited Mon Mar 13, 2023, 05:03 AM - Edit history (1)

Biden to Address Banking Crisis on Monday Morning

March 12, 2023 at 9:43 pm EDT By Taegan Goddard 112 Comments

https://politicalwire.com/2023/03/12/biden-to-address-banking-crisis-on-monday-morning/

"SNIP.......

President Biden said he would address the banking crisis Monday morning, as the federal government announced actions to shore up deposits and stem any broader financial fallout from the sudden collapse of Silicon Valley Bank, Reuters reports.

.......SNIP"

Christine Romans said Biden is "vowing to hold those responsible for this mess fully accountable".

Applegrove: "Yippee!"

[betsuni]

1. Annoying to see misinformation about "bailouts," even lying that big banks didn't repay

the 2008 emergency loans during the Obama administration. Again, jumping to bad faith conclusions to make people mad at Democrats-both-sides-capitalism, be cynical and hopeless.

[CentralMass]

2. Memories of bank bailouts and the Bankruptcy bill popped into

my thoughts. I

[Tetrachloride]

3. US Dollar vs Egypt pound at or near all time high this past few days including today

Last edited Mon Mar 13, 2023, 05:25 AM - Edit history (1)

up a few pennies (piasters) compared to Friday. Currently 30.88 to maybe 30.95 LE to 1 USD

(yesterday at this time it was down a bit)

all time high ignoring an hour or 2 over 31 in January.

A few pennies is essentially no change from previous trading day.

[LetMyPeopleVote]

4. Here is President Biden's statement

Link to tweet