Too big to fail AGAIN? Rep. Eric Swalwell: “Silicon Valley Bank crisis: We must make sure all deposits exceeding the FDIC $250k limit are honored.”

I’m working with my CA colleagues to address the Silicon Valley Bank crisis. We must make sure all deposits exceeding the FDIC $250k limit are honored. Banking is about confidence. If depositors lose confidence on the safety of their deposits over 250k then we are in trouble.

— Rep. Eric Swalwell (@RepSwalwell) March 10, 2023