Biden Insists “The Banking System Is Safe” As Bank Stocks Go Crash Boom

Starts at 15:40….

First Republic Bank down 66%

Western Alliance Bancorp down 75%

PacWest Bancorp down 46%

Zions Bancorp down 44%

Bank of Hawaii down 42%

Customers Bancorp down 54%

East West Bancorp down 32%

Comerica down 39%

— Steve Lookner (@lookner) March 13, 2023

pic.twitter.com/BHQbfy1iKz

— The Burning Platform (@burningplat) March 13, 2023

Biden: “Our actions should give Americans confidence that the US banking system is safe”

Narrator: They didn’t pic.twitter.com/Po4prvNqD1

— zerohedge (@zerohedge) March 13, 2023

Investors are questioning whether the US government’s hastily assembled weekend rescue plan for the banking system will prevent more fallout from SVB’s collapse t.co/iBr9P2OFKp

— Bloomberg Markets (@markets) March 13, 2023

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