Who’s the Big Winner of Silicon Valley Bank’s FDIC $250k Limit Override?

As two U.S. banks failed this week, President Biden and his Treasury Secretary, Janet Yellen, rushed in to calm the markets and assure depositors that they wouldn’t lose any money in the Silicon Valley and Signature banks debacle, even if they deposited over the $250,000 FDIC limit. President Biden claimed that taxpayers wouldn’t pay 1¢ for this emergency relief.

That is hokum and this is my Two Minute Tirade!
Let’s start the clock!