California Governor Gavin Newsom on Sunday praised President Joe Biden’s announcement that his administration would guarantee the deposits of Silicon Valley Bank’s clientele despite its failure. The deposits were already insured up to $250,000 by the Federal Deposit Insurance Corp. (FDIC), but Biden’s guarantees go far beyond that.Read More
Gavin Newsom Praises Biden’s Backing of SVB Customer Deposits, Forgets to Mention He Was a Client
