Silicon Valley bank collapse
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 13 March 2023
⏱️ 11 minutes
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Transcript
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| 0:00.0 | Hi, it's Bob from Royal Spa. |
| 0:03.2 | Soaking in a hot tub full of Epsom salts is the absolute best way to minimize everyday |
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| 0:14.7 | use Epsom salts. |
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| 0:20.5 | Visit any one of our three Indian Apple's locations or visit Royal Spa dot com. |
| 0:26.3 | Ah, Royal Spa. |
| 0:29.9 | Good morning. |
| 0:30.9 | It is Monday, March 13th. |
| 0:31.9 | It is seven minutes after nine and you're listening to Kendall and Casey on 93 WIBC. |
| 0:37.8 | Welcome to the third anniversary of flatten the curve week. |
| 0:41.7 | All right, let's get into it. |
| 0:44.0 | Treasury Secretary Janet Yellen on Sunday ruled out a federal bailout for Silicon Valley |
| 0:49.7 | Bank following that spectacular collapse last week. |
| 0:53.5 | She said the reforms that have been put in place mean that we're not going to do that |
| 0:57.1 | again. |
| 0:58.8 | Shalana Young, who is the director of the White House Office of Management and Budget said |
| 1:03.7 | that the US banking system at large is more resilient now. |
| 1:08.0 | And the House Speaker Kevin McCarthy said that he spoke to Yellen and the Federal Reserve |
| 1:12.5 | Chair Jerome Powell about the collapse and believes that quote, they do have the tools |
... |
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