President Joe Biden on Sunday took credit score for creating a brand new lending mechanism to backstop banks after the banking meltdown over the weekend wherein two banks collapsed due partly to elevated rates of interest meant to tamp down Biden’s hovering inflation.
The brand new facility, dubbed the “Financial institution Time period Funding Program,” will present liquidity “to assist guarantee banks have the flexibility to satisfy the wants of all their depositors,” Treasury Secretary Janet Yellen, Federal Reserve…
