Treasury Secretary Janet Yellen stated on Sunday that the federal government will not bail out Silicon Valley Bank, but that the government is working to assist depositors who are concerned about their money.

The FDIC guarantees deposits up to $250,000, but many of the businesses and rich individuals that used the bank, which is known for its links with technology startups and venture capital, were holding over that amount in their accounts. Some employees across the country are concerned that they will not receive their paychecks.

In an appearance with CBS’ “Face the Nation,” Yellen gave few clues about the government’s future measures. She did, however, highlight that the scenario was vastly different from the financial crisis that occurred nearly 15 years ago, which resulted in bank bailouts to safeguard the industry.

“We’re not doing that again,” she declared. “However, we are worried about depositors and are working hard to accommodate their needs.”

With Wall Street frightened, Yellen attempted to reassure Americans that the failure of Silicon Valley Bank would not cause a domino effect.

“The American banking system is quite secure and well capitalized,” she claimed. “It’s tenacious.”

Silicon Valley Bank is the 16th largest bank in the United States. After the failure of Washington Mutual back in 2008, it was the second-largest such failure in US history. The bank mostly served technology workers as well as venture capital-backed businesses, which includes some of the industry’s most well-known names.

Silicon Valley Bank’s demise began when its customers, primarily technology firms in need of cash as they battled to obtain financing, started withdrawing their deposits. To fund the withdrawals, the bank had to sell bonds at a loss, resulting in the greatest failure of a U.S. banking institution since the peak of the financial crisis.

The primary difficulty for Silicon Valley Bank, according to Yellen, is rising interest rates, which have been raised by the Federal Reserve to fight inflation. Many of its assets, like mortgage-backed securities and bonds, have lost market value as interest rates have risen.

“The troubles with the tech sector aren’t at the heart of this bank’s problems,” she said.

Yellen predicted that authorities would look at “a broad range of potential possibilities,” including the acquisition of Silicon Valley Bank by some other institution. However, no buyer has yet to come forward.

On Friday, regulators confiscated the bank’s assets. Deposits that are federally insured are expected to be accessible by Monday morning.

“I’ve been working with our financial regulators all weekend to develop proper rules to deal with this issue,” Yellen added. “I’m afraid I can’t provide you with any more information at this moment.”

On Saturday, President Joe Biden and California Governor Gavin Newsom discussed “efforts to resolve the situation,” though the White House has not provided any additional details on the next moves.

The goal, according to Newsom, is to “stabilize the situation as soon as feasible, to protect people’s livelihoods, jobs, and the whole innovation ecosystem which has acted as a tent pole for our economy.”

In a new effort to increase legal immigration to the country, elected Democrats are teaming up with big business to argue that foreign workers should fill green energy jobs instead of Americans who aren’t actively looking for work.

Democrats and a number of massive immigration lobbying groups, many of which are funded by corporations, told Politico about their most recent initiative, which involves urging President Biden’s White House to boost legal immigration levels in order to attract foreign workers to jobs in the green energy sector.

Senator Ben Ray Luján (D-NM) said to Politico, “There’s little doubt that fixing America’s flawed immigration system will alleviate many employment shortages.There is a current need for jobs. Employment is accessible.”

The biggest green energy corporations in the country give tens of thousands of dollars in campaign contributions to Democratic senators including Catherine Cortez Masto (D-NV), Chuck Schumer (D-NY), Raphael Warnock (D-GA), Joe Manchin (D-WV), and Ron Wyden (D-OR), among others.

Rep. Marc Veasey (D-TX) told Politico that “persons who want to work temporarily in the oil and gas industry do not require the same immigration permits that ranchers, farmers, and hospitality workers have. You are not unleashing a thing unless you take action towards immigration reform.”

The United States already grants over a million green cards to foreign people each year in addition to another million temporary visas for employment. On top of the hundreds of thousands of border crossers and illegal aliens who join the workforce each year after obtaining work permits, these historically high, decades-long legal immigration levels.

Since the Chinese coronavirus outbreak, Breitbart News reported that millions of working- and middle-class Americans have struggled to reenter the workforce, despite the Biden administration’s efforts to boost the economy by placing roughly two million foreign workers in American employment since 2019.

However, the Democrats argue that in order to fill positions in semiconductor companies and other high-paying industries that often come with decent benefits packages, there has to be more foreign competition against these marginalized Americans on the American labor market.

Democrats and proponents of mass migration have made recommendations that are similar to those made by the U.S. Chamber of Commerce, such as eliminating the H-1B visa program’s visa cap, which is frequently used by businesses to offshoot American jobs to lower-paid foreign workers, mainly from India.

Democrats pressed for a similar policy idea last month, advocating that companies be permitted to bring in as many foreign employees as they claim to be in need of, regardless of the effect on wages and employment in the United States.

Successful mass immigration has increased rents and housing costs while successfully driving down American wages. Additionally, the influx has forced many native-born Americans from their professions in a wide range of commercial sectors and has contributed to the increased death rate of less fortunate Americans.

Additionally, the influx lessens the political influence of native-born Americans by enabling Washington, DC’s economic and political elites to distance themselves from the requirements and interests of the working- and middle-class Americans.

In an interview featured on Friday’s episode of “The Issue Is,” White House National Security Council Coordinator for Strategic Communications John Kirby addressed criticism of spending money on Ukraine during times of issues in the United States by arguing that the conflict is about the very idea of independence, that it “has unquestionably had an effect on the American people” by having contributed to inflation, and that the cost “will be exorbitant” if Russia gets away with the invasion.

“You’ve heard from critics,” host Elex Michaelson enquired. “There are many who argue that while we have sympathy for the Ukrainian people, there are thousands of homeless individuals living on the streets of California, as example. If we can’t afford to care for our own citizens, why are we investing so much money abroad? What would you say to them?”

“I believe when you look at what’s happening in Ukraine, there are a handful of things,” Kirby said in response. “First and foremost, Elex, it’s the concept of independence itself, which is something that all Americans can support. We can all relate to what it’s like to struggle for one’s freedom or for a nation to continue to exist. The Ukrainian people are currently dealing with this. That is a goal that is shared by all Americans. Second, there is no doubt that this conflict has had an impact on the people of America. Although it is by no means the most drastic effect of this war, if you look at inflation and petrol costs, you can see how this war has impacted cost prices all over the world. The most severe impact is the massacre of defenseless men, women, and children in Ukraine, as well as the displacement of millions of people. The American people are aware of this, but the last thing I’d say is that if we just walk away from this and let Putin take over the entire country of Ukraine, where does it end? Next, what? And I can assure you that the price in blood and treasure, not just to the United States and Americans but to so many of our allies and partners, will be astronomically higher than the cost that has been incurred to keep Ukraine in the fight and to keep them in that fight successfully if he just gets away with this.”