#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question.
Q: Silicon Valley Bank bailout? A: Yellen is closely tracking
Reporter: Can I go back to Silicon Valley Bank for a second? There’s the CEO — I believe Y Combinator — that has hundreds of its portfolio companies tied to the bank. And the CEO said that this is a, quote, “extinct-” — “extinction-level event” for startups if regulators and lawmakers don’t act quickly to give it some liquidity. So, I’m wondering if the administration believes right now whether that kind of intervention is needed.

I don’t know if I’m supposed to say the word “bailout,” but — (laughs) — but what is the — what is the White House thinking on that?
Chair Rouse: What I would say is that Secretary Yellen is closely tracking
other clips of this published longer video is here: https://youtu.be/pDRLMRBlgFc
Q: Silicon Valley Bank bailout? A: Yellen is closely tracking