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Interest rate hike 'shocked' the economy, contributing to bank failures, says former FDIC vice chair

NBC, 18 Mar 2023
After the collapse of the Silicon Valley Bank and Signature Bank, President Biden called on Congress to make it easier for regulators to hold failed banks accountable. Former Vice Chair of the FDIC Thomas Hoenig joined the Meet the Press NOW roundtable with his analysis.

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#SiliconValleyBank #Biden #Finance
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