Biden walked away on the question of Silicon Valley Bank: This VIDEO was viewed more than 4 million times

Biden walked away on the question of Silicon Valley Bank: This VIDEO was viewed more than 4 million times; did the same on the spy balloon incident

Mar 14, 2023 - 11:34
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Biden walked away on the question of Silicon Valley Bank: This VIDEO was viewed more than 4 million times

The Silicon Valley bank crisis seems to be brewing for the US government. Looking at a video of President Joe Biden released on Monday, it seems that the government has no concrete plan to deal with it. A briefing was called on Monday on the Silicon Valley Bank Crisis. In this, Biden left the conference room without answering the reporter's question.
This video has been viewed more than 40 lakh times so far. This is not the first time that the US President has left the press conference midway. Earlier, journalists started questioning Biden after giving a statement on China's "spy balloon" incident. Even then Biden left the conference without answering questions.
President Joe Biden was speaking on "maintaining a resilient banking system and protecting our historic economic recovery." After his speech was over, the reporter asked President Biden, what do you know about this (Silicon Valley Bank Crisis) now, why did it happen? And can you assure Americans that this won't happen in the future? but Joe Biden walked away without answering the question.
In January last year, US President Joe Biden used abusive language towards a journalist on the live microphone. Then on the occasion of the White House photo session, President Joe Biden called a Fox News reporter on a live microphone as 'son of a bitch'. Actually, the journalist had asked Biden how much damage will be done to his party in the mid-term elections due to the ever-increasing inflation in the country. On this, Biden said that it would not be harmful and after that, he called the journalist 'Stupid Son of Bitch'.
On Monday, President Joe Biden said that the country's financial systems are safe. We promise that none of the losses from the collapse of Silicon Valley Bank will be passed on to taxpayers. The Biden administration is approving the Major Willow Oil Project on Alaska's petroleum-rich North Slope, according to two people familiar with the matter.
HSBC has bought the UK unit of Silicon Valley Bank of America. This deal has been done for only 1 pound, which is about 99 rupees. The acquisition price is in name only, as the entire debt of the Silicon Valley bank is backed by the government. That is, HSBC will not have to repay any loan after this deal.
HSBC said that as of March 10, Silicon Valley Bank UK Ltd had loans of around £5.5 billion and deposits of around £6.7 billion. In the financial year ending 31 December 2022, SVB UK recorded a profit before tax of £88 million.

Muskan Kumawat Journalist & Writer