Monday, March 13, 2023

Banks

There was a senator on CNN this AM who said the money to bail the Silicon Valley Bank will not require any taxpayer money. Does she mean the Fed will just print up the money as that is the only other way for the government to get money if they don't take if from the taxpayers. Every time there is a problem the government investigates to, as they say, find out what happened so they can prevent it from happening again. In 2008 a big bank failed and congress went to work with their usual vigor to investigate. They followed with new laws(Dodd/Frank) and regulations and here we are with another bank failure. They have all of these meetings with TV coverage where they give speeches and then wait for the next problem.

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