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"The Historic Bank Failures Prompt Biden to Outline Federal Intervention Measures"


President Biden detailed the steps his administration is taking to prevent further fallout from the historic collapse of Silicon Valley Bank, assuring Americans that they will have full access to their money. NBC News’ Carol Lee and executive editor at Yahoo News Brian Sozzi explain how the financial markets are reacting to the collapse and how the White House is handling the fallout.  » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: Breaking News Alerts: Visit NBCNews.Com: Find NBC News on Facebook: Follow NBC News on Twitter: Get more of NBC News delivered to your inbox: nbcnews.com/newsletters #Biden #Banking #SiliconValleyBank...(read more)


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President-elect Joe Biden has outlined his plan for federal intervention measures in response to historic bank failures. This comes as many banks across the country are struggling to survive amidst the economic challenges brought on by the ongoing COVID-19 pandemic. One of Biden's main proposals is to establish a federal bailout program for banks that are on the verge of collapse. The program will be aimed at providing much-needed financial assistance to struggling banks that are too big to fail. The president-elect has also suggested that the Federal Reserve should step in and provide liquidity assistance to these banks. This would help to prevent a run on the banks and ensure that depositors' funds are protected. In addition to these measures, Biden has called for tougher regulations on the banking sector. He believes that the current regulatory framework is not sufficient to protect consumers and prevent another financial crisis. He plans to work closely with Congress to implement new regulations that will ensure greater transparency and accountability among banks. Another important aspect of Biden's plan is to provide additional support for small and community banks. These institutions have been hit particularly hard by the pandemic, and many have struggled to access the federal assistance that they need to survive. To address this issue, the president-elect has suggested that the government should provide direct financial assistance to these banks. This could come in the form of grants, low-interest loans, or tax incentives. Overall, Biden's plan for federal intervention in response to historic bank failures is a comprehensive approach that addresses many of the challenges facing the banking sector. By providing much-needed financial assistance, implementing tougher regulations, and supporting smaller banks, his plan will help to ensure that the banking sector remains stable and secure for years to come. https://inflationprotection.org/the-historic-bank-failures-prompt-biden-to-outline-federal-intervention-measures/?feed_id=90224&_unique_id=64437ae086abc #Inflation #Retirement #GoldIRA #Wealth #Investing #LIVE #MorningNewsNOW #BankFailures #LIVE #MorningNewsNOW
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