Search Results for: guarantee all bank deposits

Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’

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Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few…

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion

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UNS. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after…

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks

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A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller…

Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits

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Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is…

Lagarde von der EZB, Panetta sieht digitalen Euro als effizienteres Zahlungsmittel als Krypto

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Ungedeckte Kryptowährungen sind kein effizientes Zahlungsmittel und Stablecoins sind anfällig für Runs, Spitzenbeamte der Europäischen Zentralbank haben in einem neuen Artikel darauf hingewiesen, dass sie für einen digitalen Euro plädieren. The executives have marked key…

Die unheimlichen Ähnlichkeiten der heutigen großen Währungsverschiebung und der panikbedingten Schaffung des Federal Reserve Systems

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While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global…