One Thing: Breakdown of a Bank Collapse (and What It Means for You)
CNN 5 Things
00:00
Is My Money Safe?
The government stepped in and said, we will ensure all of those deposits. But no losses will be borne by the taxpayers. We are not going to bail out the bank. We will bail out the depositors. The Federal Reserve created a new facility, lending facilities, it's called. So did all that stuff work? I think it worked. I think it stopped the bleeding.
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