#shorts On 3/10/2023, Biden’s top econ couldn’t answer the question.
Top Biden Econ Advisor Rouse Downplays Largest Bank Collapse Since 2008 Financial Crisis
Reporter: Can I ask you one more on SVB? It is the 19th-largest bank in the U.S. It went down in about 40 hours. What do you say to Americans who have real concerns today about their hard-earned savings and money?

Chair Rouse: Yeah, absolutely. And this is why we have the FDIC and other safeguards in place in our banking system. And what I would say to them is that our Secretary of the Treasury, Secretary Yellen; the bank regulators; those who will provide the guardrails and our safeguarding are closely watching and are prepared to use the tools that they need.

The FDIC stepped in very quickly here. And that’s what they were doing is protecting the deposits of those up to $250,000.

other clips of this published longer video is here: https://youtu.be/pDRLMRBlgFc
Top Biden Econ Advisor Rouse Downplays Largest Bank Collapse Since 2008 Financial Crisis