Silicon Valley Bank collapse raising alarms about stability of US banking [Video]

WASHINGTON (TND) — Fears of a financial crisis and hysteria have emerged over the Silicon Valley Bank collapse. Many Americans are concerned about the stability of the U.S. banking system.

Washington insider Armstrong Williams joined The National Desk’s Jan Jeffcoat Monday morning to discuss the issue.

“When the CEOs are allowed to sell off shares and walk away with millions of dollars and all top executives are paid just before the government bailout, obviously, they’re communicating with the government,” he said. “It’s just everyday people who have the lifesavers in these banks, startups have no access to banks they should be able to get their money by today.”

In a statement released by the White House, President Joe Biden said, “I am pleased that they reached a prompt solution that protects American workers and small businesses, and keeps our financial system safe. The solution also ensures that taxpayer dollars are not put at …