Remarks by President Biden on Maintaining a Resilient Banking System and Protecting Historic Economic Recovery
March 13, 2023
拜登总统就美国银行破产危机发表的讲话
2023年3月13日
Good morning, everyone. Before I leave for California, I want to briefly speak about what’s happening to Silicon Valley Bank and Signature Bank.
大家早上好。在前往加州之前，我想简单谈谈硅谷银行和签名银行正在发生的事情。
Today, thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe. Your deposits will be there when you need them.
Small businesses across the country that had deposit accounts at these banks can breathe easier knowing they’ll be able to pay their workers and pay their bills. And their hardworking employees can breathe easier as well.
Last week, when we learned of the problems of the banks and the impact they could have on jobs, some small businesses, and the banking system overall, I instructed my team to act quickly to protect these interests. They have done that. They have done that.
On Friday, the government regulator in charge, the FDIC, took control of Silicon Valley Bank’s assets. And over the weekend, it took control of Signature Bank’s assets.
相关的政府监管机构联邦存款保险公司周五控制了硅谷银行的资产，周末控制了签名银行的资产。
Treasury Secretary Yellen and a team of banking regulators have taken action – immediate action. And here are the highlights:
财政部长耶伦和银行监管机构团队也立即采取了行动。以下是重点：
First, all customers who had deposits in these banks can rest assured – I want to – rest assured they’ll be protected and they’ll have access to their money as of today. That includes small businesses across the country that banked there and need to make payroll, pay their bills, and stay open for business.
No losses will be – and I want – this is an important point – no losses will be borne by the taxpayers. Let me repeat that: No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.
Because of the actions of that – because of the actions that our regulators have already taken, every American should feel confident that their deposits will be there if and when they need them.
Third, investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how capitalism works.
And fourth, there are important questions of how these banks got into these circumstances in the first place. We must get the full accounting of what happened and why those responsible can be held accountable. In my administration, no one, in my view – no one is above the law.
And finally, we must reduce the risks of this happening again. During the Obama-Biden administration, we put in place tough requirements on banks like Silicon Valley Bank and Signature Bank, including the Dodd-Frank Law, to make sure the crisis we saw in 2008 would not happen again.
Unfortunately, the last administration rolled back some of these requirements. I’m going to ask Congress and the banking regulators to strengthen the rules for banks to make it less likely that this kind of bank failure will happen again and to protect American jobs and small businesses.
Look, the bottom line is this: Americans can rest assured that our banking system is safe. Your deposits are safe.
请记住，我们的底线是：美国人可以放心，我们的银行系统是安全的。你们的存款是安全的。
Let me also assure you: We will not stop at this. We’ll do whatever is needed on top of all this.
我也向各位保证：我们不会止步于此。除此之外，我们还会做任何需要做的事情。
Let’s also take a look – a moment to put the situation in a broader context. We have made strong economic progress in the past two years. We’ve created more than 12 million new jobs – more jobs in two years than any President has ever created in a single four-year term. Unemployment is below 4 percent for 14 straight months. Take-home pay for workers is going up, especially for lower- and middle-income workers. And we’ve seen record numbers of people apply to start new businesses – more than 10 million of them – more than 10 million applications over the last two years starting businesses.
Now we need to keep the program – this progress going. That’s what swift action that my administration, over the past few years, is all about: protecting depositors, protecting the banking system, protecting the economic gains we have made together for the American people.