Rep. Horsford Questions Federal Regulators Over Recent Bank Failures at HFSC Hearing

Banks will only continue if the sense of risk within the financial system persists. Uninsured depositors are leaving our mid-sized Banks because they feel that their money is safer elsewhere, even as these Banks show continued strength and sound financial footing. Deposit Insurance is crucial for many of my constituents to get a sense of peace of mind and we cannot have the perception of a two-tiered banking system in this country where only the largest banks are protected.