WASHINGTON President Biden sought on Monday morning to head off any crisis of confidence following the failure of two major banks in recent days, insisting that Americans can have faith in the system even as he emphasized that the rescue does not constitute a taxpayer bailout.In a brief televised statement from the White House shortly before the markets opened in the United States, Mr. Biden declared that the government was responding decisively to the collapse of Silicon Valley Bank and Signature Bank in a way that would protect depositors without rewarding risk-taking executives and investors.
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