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GeniusMusing (geniusmusing@nu.federati.net)'s status on Monday, 13-Mar-2023 01:49:09 JSTGeniusMusing Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank
https://nu.federati.net/url/289881
>Key Points
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> Treasury Secretary Janet Yellen said the U.S. government will not bail out Silicon Valley Bank.
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> “The reforms that have been put in place means that we’re not going to do that again,” Yellen told CBS’ “Face the Nation.”
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> Regulators shuttered Silicon Valley Bank and seized its deposits Friday after depositors withdrew more than $42 billion by the end of the day Thursday.
The reforms put in place were removed in 2018.