Sen. Collins Questions Secretary Yellen About Treasury Actions on Banking Crisis
March 24, 2023
March 24, 2023
WASHINGTON, March 24 -- Sen. Susan M. Collins, R-Maine, vice chair of the Senate Appropriations Committee, issued the following news release:
U.S. Senator Susan Collins, the Vice Chairman of the Appropriations Committee, asked Secretary of the Treasury Janet Yellen to justify why the Treasury Department, Federal Reserve, and FDIC chose to insure all the deposits at Silicon Valley Bank. Senator Collins noted that this creates an unfair situation for well-managed community banks, whic . . .
U.S. Senator Susan Collins, the Vice Chairman of the Appropriations Committee, asked Secretary of the Treasury Janet Yellen to justify why the Treasury Department, Federal Reserve, and FDIC chose to insure all the deposits at Silicon Valley Bank. Senator Collins noted that this creates an unfair situation for well-managed community banks, whic . . .