ABERDEEN, S.D.(HubCityRadio)- On Sunday, Senator Mike Rounds appeared on NBC’s “Meet the Press” to address the issues associated with Silicon Valley Bank in California and other banking issues happening across the country.
Senator Rounds feels this issue could linger for months to come.
Rounds was asked by host Chuck Todd whether banks could be allowed to fail.
Rounds talks about his stance on ways small & medium banks can compete with the large banks across the country.
Rounds looks ahead to what to investigate with issues involving the Silicon Valley Bank collapse.
Senator Rounds is on the Senate Banking Committee.