Utah business and political leaders sent out a message of calm and stability following last week's collapse of Silicon Valley Bank.
SALT LAKE CITY — In a town hall with other Utah political and business leaders Monday, Gov. Spencer Cox and Sen. Mitt Romney set out to portray a sense of calm and stability after last week's Silicon Valley Bank collapse that made headlines worldwide.
While the Treasury Department, Federal Reserve and FDIC stepped up Sunday to assure nervous customers that all Silicon Valley Bank clients would be protected and able to access their money, Cox claimed that the state would have stepped up if the U.S. Government had not. "We're not taking a victory lap or anything like this. Our job is to support you, the entrepreneurs in our state who create the jobs, who keep our economy running," said Cox."Far too often we're part of the problem, but I hope this weekend we were part of the solution."
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