Biden tries to convince Americans of the safety of the banking system

Photo: © REUTERS/Evelyn Hockstein

Photo: © REUTERS/Evelyn Hockstein

US President Joe Biden urged fellow citizens to believe in the safety of the US banking system during his address to the nation on March 13.

According to the US leader, all bank deposits are available if necessary.

“I will ask Congress and banking regulators to tighten rules on banks and reduce the risk of this kind of bank failure happening again. And also to protect American jobs and small businesses.”said the President of the United States.

The appeal of the American president became known on the night of March 13 (Moscow time). Biden promised to present a solution to protect businesses from the consequences of a string of bankruptcies.

Recall that on March 11, the largest bankruptcy of an American bank since the 2008 crisis occurred.

The media note that the States are waiting for major financial problems if the authorities do not resolve them.

An ardent opponent of Biden, Donald Trump, in turn, predicted a repeat of the Great Depression for the country. And the official representative of the Russian Foreign Ministry, Maria Zakharova, noted that the unreasonable monetary policy of the United States threatens a new crisis for the whole world.

Source: Ren

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