Biden Defends US Banks, Claims Success Despite Turmoil
TL;DR Summary
President Joe Biden mocked Wall Street concerns over the banking sector during a press conference, telling reporters “we’ve done a pretty damn good job” handling recent bank failures. Biden dismissed those concerns with a wisecrack, and lauded his administration’s performance on the issue. He also stated that people’s savings are secure, and even those beyond the $250,000 the FDIC is guaranteeing them.
- Biden Mocks Wall Street at Press Conference — Says ‘We’ve Done A Pretty Damn Good Job’ On Bank Failures Mediaite
- Analysis: Push for bank rescues clashes with Washington realities Reuters
- Biden says federal deposit insurance could be tapped further if banks fail CNBC
- Biden Says 'Banks In Pretty Good Shape' Even As Banking Crisis Plays Out: 'Don't See Anything ... That's About To Explode' - Credit Suisse Group (NYSE:CS), Deutsche Bank (NYSE:DB) Benzinga
- Joe Biden: US banks are in good shape, turmoil will ease Indiatimes.com
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