Evelyn Hockstein/ReutersJoe Biden sought to reassure the public about the the health of the U.S. banking system on Monday, following the stunning downfalls of Silicon Valley Bank and Signature Bank. “Americans can rest assured that our banking system is safe,” Biden said in a statement at the White House. “No one is above the law.”Story continuesCalifornia regulators closed Silicon Valley Bank on Friday after depositors scrambled to withdraw their money. “They knowingly took a risk and when the risk didn’t pay off investors lose their money,” Biden said Monday. “They give money to Silicon Valley Bank,” Greene tweeted.

Source: Forbes March 13, 2023 14:13 UTC