March 15th, 2023 by WCBC Radio
The collapse of Silicon Valley Bank and New York's Signature Bank has sent shockwaves across the financial industry and has elected officials both angry and concerned including Maryland’s lone Republican Congressman. President Biden said the depositors of those banks would get their money, even if it exceeded the $250 million limit from the Federal Deposit Insurance Corporation. Representative Andy Harris, on WBAL, called the president’s action nothing more than a bail out…
Harris said the federal government should have learned its lesson from 2008 when Congress bailed out several banks…
