Topic: Roger Altman

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Former Clinton Treasury official Roger Altman stated on CNN that the Biden administration has effectively nationalized the U.S. banking system by guaranteeing all deposits at Silicon Valley Bank. This move is described as a "breathtaking step" that federalizes the entire deposit base of the financial system. While the government avoids the term "bailout," the action is framed as the largest financial intervention since the 2008 crisis.