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Opinions/Editorials See other Opinions/Editorials Articles Title: The Silicon Valley Bank Bailout
Source:
Wall Street Journal
URL Source: https://www.wsj.com/articles/the-si ... run-cc80761e?mod=hp_opin_pos_1
Published: Mar 14, 2023
Author: Editorial Board
Post Date: 2023-03-14 01:01:04 by Charles_Byrd
Keywords: None Views: 54
The Treasury and Federal Reserve stepped in late Sunday to contain the financial damage from Fridays closure of Silicon Valley Bank, guaranteeing even uninsured deposits and offering loans to other banks so they dont have to take losses on their fixed-income assets. This is a de facto bailout of the banking system, even as regulators and Biden officials have been telling us that the economy is great and there was nothing to worry about. The unpleasant truthwhich Washington will never admitis that SVBs failure is the bill coming due for years of monetary and regulatory mistakes. Click for Full Text! Post Comment Private Reply Ignore Thread
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