Bloomberg Daybreak Weekend: Inflation, Banking, China
Bloomberg Daybreak: US Edition
00:00
The Republican Party's Energy Package
There needs to be clarity on the situation regarding deposits. Authorities do not have the authority to say that there's going to be some kind of universal guarantee on deposits. What they do have is the essentially equivalent power to declare that in the event of a bank's failure, they will use the systematic risk exemption and assure depositors are paid off in full.
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