Biden calls for tougher sanctions for bank executives
Biden issued a written statement on the subject. Stating that they took steps to stabilize the banking system this week after the country’s bankruptcies, Biden noted that taxpayers will not be able to cover any losses.
“Our banking system is more resilient and stable today because of the actions we have taken,” Biden said. He said that Americans can access their deposits whenever they want.
Stating that “those responsible for this mess must be held accountable,” Biden said executives should be held accountable for bankruptcies due to mismanagement and excessive risk-taking.
“Congress should act to impose tougher penalties on top bank executives whose mismanagement contributed to the failure of their institutions,” Biden said. he used the phrase. (AA)
Source: Sozcu
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
