Despite Republican criticism of the recent collapse of Silicon Valley Bank, a new Yahoo News/YouGov poll finds no sign of populist backlash to the Biden Administration's response.
Meanwhile, an additional 12% of Americans who don’t think the U.S. is currently experiencing a recession nonetheless believe it is “heading for” one – and a majority Growing economic anxieties, however, have yet to translate into public outrage of the sort that followed the 2008 financial crisis. For instance, a full 56% of Americans approve — and just 13% disapprove — of the federal government's decision to shut down Silicon Valley Bank after its collapse.
Much of the criticism leveled at the Biden Administration in recent days has centered on the idea of a “bailout” — in particular, the government’s decision to stem further panic by guaranteeing that even wealthy tech investors who deposited more than $250,000 in Silicon Valley Bank will get their money back.
None of which is to suggest that the Silicon Valley Bank fallout can’t or won’t rupture existing political fault lines in the future. Nearly half of 2020 Donald Trump voters, for example, disapprove of the decision to guarantee deposits over $250,000 , while just a third approve. And even though far more Americans say the government response so far has been fair rather than unfair , those numbers are reversed among Trump voters .
" — least often as a cause of the collapse, with just 23% saying it contributed a lot and only 8% saying it played the biggest role.
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FDIC extends bidding for Silicon Valley Private Bank, Silicon Valley Bridge BankThe Federal Deposit Insurance Corp. said Monday it’s extending the bidding for former units and assets of Silicon Valley Bank, which has been renamed Silicon...
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Silicon Valley Bank's parent company cut off from bank's recordsSVB Financial , the bankrupt parent company of Silicon Valley Bank, has lost access to its financial records after the bank was placed into receivership by the Federal Deposit Insurance Corporation (FDIC), according to court documents filed in Manhattan on Sunday.
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Republicans request Fed and FDIC oversight records for failed Silicon Valley Bank and Signature Bank
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Opinion | After Silicon Valley Bank failure, American start-ups still need a bankOpinion by Steve Case: At a moment when America’s lead in the global race for innovation is at risk of shrinking — China’s top-down system is gaining steam on our bottom-up approach — we can’t let SVB’s unique role supporting new companies go unfilled.
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The Regulatory Breakdown Behind the Collapse of Silicon Valley BankIn a new Q. & A., IChotiner speaks with Peter Conti-Brown, an associate professor of financial regulation, about the Silicon Valley Bank collapse and how much autonomy and power regulators really possess.
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Silicon Valley Bank collapse concerns founders of colorWhile Wall Street struggles to contain the banking crisis after the swift demise of SVB, industry experts predict it could become even harder for people of color to secure funding or a financial home supporting their startups.
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