Taxpayers Are Still on the Hook for Silicon Valley Bank- Here's Why

Due to the collapse of Silicon Valley Bank, American taxpayers are obviously concerned about the health of the U.S. banking system. Federal regulators insured deposits beyond the $250,000 FDIC limit to protect against "systemic risk." 

The Biden administration disingenuously claims taxpayers will not be on the hook for bailing out SVB.

Taxpayers will ultimately pay more for banking services because the regulators decided to insure all depositors, circumventing the $250,000 threshold.

Tune in to Grover's latest episode of the Leave Us Alone podcast to learn more.