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Billionaire Bill Ackman on US Banking Crisis: We Are Running Out of Time to Fix This Problem

Billionaire Bill Ackman has warned that “We are running out of time” to fix the problem that led to the collapses of regional banks.

“How many more unnecessary bank failures do we need to watch before the FDIC, U.S. Treasury, and our government wake up?” he stressed, adding that “We need a systemwide deposit guarantee regime now.”

Banking Crisis
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