Biden To Make Banks Pay For Silicon Valley Bank Failure
The big banks are learning that it is not 2008 anymore. There is no government bailout for Silicon Valley Bank, and they will have to pay for any losses.
As big corporations collapse and then try to reach into your pocket, support independent media like this newsletter that reject corporate greed and government bailouts.
The collapse of Silicon Valley Bank was something that should not have happened after the passage of Dodd-Frank, but Donald Trump set the stage for more bank failures by removing regulations on small and medium regional banks.
Listen to Sarah Jones talk about the Silicon Valley Bank failure on BBC radio:
Keep reading with a 7-day free trial
Subscribe to The Daily to keep reading this post and get 7 days of free access to the full post archives.