Bank trust crisis

On March 13, it was reported that the impact of the bank explosion in Silicon Valley was spreading rapidly. Biden tweeted about the bank trust crisis on the evening of the 12th local time to boost American confidence. Biden first forwarded the report of the New York Times and tweeted, “Under my instructions, Secretary Yellen and the director of my National Economic Commission cooperated with the banking regulators to solve the problems of banks and signature banks in Silicon Valley. I am glad that they have reached a solution to protect workers, small businesses, taxpayers and our financial system.” Biden: The American people and American enterprises can rest assured that their bank deposits will appear when they need them Analysis based on this information:The recent impact of the bank explosion in Silicon Valley created widespread fear and disruptive consequences in the area. However, the Biden Administration intervened in a timely manner to address the crisis and calm down the growing…