Biden's Banking Agenda: Regulations and Rules.
Despite being viewed as a bailout, initial polling suggests that a majority of voters support how Joe Biden and regulators responded to the failures of Silicon Valley Bank and Signature Bank by guaranteeing their depositors. Democrats are rallying behind Biden's call to enact tougher penalties on executives of failed banks, while Republicans are scrutinizing why regulators failed to avert SVB's failure. While the economy appears to be stable for now, the fear is that banks will be more risk-averse and less willing to offer credit to businesses, upping the odds of a recession.