Comment on Silicon Valley Bank Will Not Be Bailed Out: Treasury Secretary Janet Yellen

Silicon Valley Bank Will Not Be Bailed Out: Treasury Secretary Janet Yellen

WILMINGTON, Del. — Treasury Secretary Janet Yellen said Sunday morning that the federal government would not bail out Silicon Valley Bank, but is working closely with banking regulators to help protect the thousands of depositors who are concerned about losing their money. “We’re very aware of the problems that depositors will have, many of them are small businesses that employ people across the country,” Yellen said in an interview with CBS’ Face The Nation.

 

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