Former FDIC Chair Sheila Bair warns the fallout from the Silicon Valley Bank and Signature Bank collapse could echo the 2008 Bear Stearns collapse.
Former FDIC Chair Sheila Bair reacts to warnings of a ‘moral hazard’ and discusses what challenges the U.S. banking system is facing amid bank bailouts.Silicon Valley Bank
"I think this is more of a Bear Stearns moment. I think a lot of people, including me, said when they bailed out Bear Stearns, they increased moral hazard. They created an expectation of further bailouts," former FDIC Chair Sheila Bair said Friday on "The Treasury Department, Federal Reserve, and the FDIC said in a joint statement Sunday that they were taking "decisive actions to protect the U.S.
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