Biden Warns: ‘We Will Not Stop’ with Silicon Valley Bank Bailout

Biden: “I’m going to ask Congress, the banking regulators, to strengthen the rules for banks to make it less likely this kind of bank failure would happen again, and to protect American jobs and small businesses. Look, the bottom line is this, Americans can rest assured that our banking system is safe. Your deposits are safe. Let me also assure you, we will not stop at this, we’ll do whatever is needed. On top of all that, let’s also take a look a moment to put the situation in a broader context. We’ve made strong economic progress in the past two years. We’ve created more than 12 million new jobs, more jobs in two years than any president has ever created in a single four-year term. Unemployment is below 4 percent for 14 straight months.”