Janet Yellen says the federal government won’t bail out Silicon Valley Bank

We’re not going to do that again,” said Yellen.

Posted BY: Teresa | NwoReport

On Sunday, Biden’s Treasury Secretary Janet Yellen appeared on Face the Nation and was asked if a government bailout was on the table for Silicon Valley Bank in the wake of its Friday collapse.

Yellen said, “During the financial crisis there were investors and owners of systemic large banks that were bailed out and we’re certainly not looking—and the reforms that have been put in place means that we’re not going to do that again.”

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Treasury Sec. Janet Yellen on whether there could be a bailout of Silicon Valley Bank:

"The reforms that have been put in place means that we're not going to do that again." pic.twitter.com/y8KQkodpYS

— The Post Millennial (@TPostMillennial) March 12, 2023

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