Roger Altman warned Tuesday that authorities intervention in Silicon Valley Financial institution and Signature Financial institution, two now-defunct monetary establishments, “successfully nationalizes” the U.S. banking system.
The warning got here after President Joe Biden stated the U.S. authorities would assure the deposits at SVB regardless of the FDIC offering a most assure of $250,000.
What did Altman say?
Talking on “CNN This Morning,” the previous deputy secretary of the Treasury Division stated what the Biden administration…
