Monday, March 13, 2023

https://ift.tt/P3ABNsy White House is avoiding one word when it comes to Silicon Valley Bank: bailout

People line up outside of a Silicon Valley Bank office on Monday in Santa Clara, Calif. Days after Silicon Valley Bank collapsed, customers are lining up to try and retrieve their funds from the failed bank.

The Biden administration has taken pains to avoid the word "bailout" in describing the effort to rescue Silicon Valley Bank depositors. Yet banking experts say it sure does look like a bailout.

(Image credit: Justin Sullivan/Getty Images)

The White House is avoiding one word when it comes to Silicon Valley Bank: bailoutPeople line up outside of a Silicon Valley Bank office on Monday in Santa Clara, Calif. Days after Silicon Valley Bank collapsed, customers are lining up to try and retrieve their funds from the failed bank.

The Biden administration has taken pains to avoid the word "bailout" in describing the effort to rescue Silicon Valley Bank depositors. Yet banking experts say it sure does look like a bailout.

(Image credit: Justin Sullivan/Getty Images)



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