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America's new banking crisis; the hazard of Silicon Valley culture; fury in France over Macron's retirement reforms
Fareed Zakaria GPS
Is the Federal Government Doing the Right Thing?
The federal government stepped in to rescue Silicon Valley Bank and another failed institution. All depositors will be able to get their money, even bigger counts. The Biden administration insists this is not a bailout because the depositors are being rescued. Lloyd Blankfein used to run Goldman Sachs, one of the country's most influential banks.
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