Taxpayers express anger over bank bailouts and call for prevention of future crises.

1 min read
Source: The Hill
Taxpayers express anger over bank bailouts and call for prevention of future crises.
Photo: The Hill
TL;DR Summary

Taxpayers are expressing frustration and anger over the recent bank bailouts of Silicon Valley Bank and Signature Bank, with many feeling that the financial system could be on the brink of another collapse. While depositors were paid out of a fund administered by the Federal Deposit Insurance Corporation (FDIC), which is guaranteed by the full faith and credit of the United States government, taxpayers' money is still at risk. Students and recent graduates, who have been waiting for loan forgiveness, are feeling particularly aggrieved by the VIP service provided to the financial sector by federal regulators.

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