FDIC helping companies with funds in failed bank would be ‘extraordinary procedure’: Sheila Bair
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Sheila Bair, former chair of the FDIC and author of the children’s book series, “Money Tales,” which provides financial literacy lessons to children, says the FDIC “arguably could” help these companies ease their payroll issues “if there’s a systemic risk exception.” But, she added that it’s hard to say that the funds these companies have stored at SVB could even be used for payroll.March 12, 2023
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The goal is to ‘avoid’ a crisis with banks, ‘not to deal with it’: Full Menendez08:31
March Madness sports betting is a booming business for states02:06
Finding a buyer for Silicon Valley Bank is ‘the best outcome’: Fmr. FDIC chair01:09
Sen. Menendez: Biden will become ‘Asylum Denier-in-Chief’ if he restarts migrant family detention02:19
Sen. Cramer: ‘We should be talking about’ the border, inflation, not Jan. 601:58
Full Panel: ‘Donald Trump is to Democrats what wokeism is to the GOP’07:49