Lawmakers respond as bank failures fuel economic concerns
Clip: 03/17/2023 | 14m 7s | Video has closed captioning.
Two bank failures exposed economic concerns this week. Trying to prevent more collapses, President Biden took the unusual step of promising that all depositors at those banks would be made whole. In Washington, lawmakers on both sides of the aisle want to know what went wrong and why bank management, and their regulators, were caught flat-footed, especially following the 2008 financial crisis.
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