Bryan Steil: ‘Our Banks Are Well-Secured For Everyday Americans’
‘Everyone’s bank account is insured below $250,000’
STEIL: "I started my day in a snowy st. Patrick’s day in Wisconsin. That was also the exact question by folks around the parade route. Everyday average Americans are secure in their banks. Larger banks are well-capitalized, and everyone’s bank account is insured below $250,000. That is pretty much everybody except for the wealthiest of the wealthy. Our banks are well-secured for everyday Americans. But this is a very serious situation for the broader health overall financial system."