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Trump slams Biden's 'anti-America policies'
for collapse of SVB and Nikki Haley says
taxpayers should NOT bail out the bank
- as Federal Reserve prepares to cover
uninsured deposits while markets brace
for chaos

Original Article

Posted By: Imright, 3/12/2023 7:26:12 PM

Former President Donald Trump is blaming the failure of the Silicon Valley Bank on his successor's 'anti-American policies.' A spokesperson for the former president, who is once again running for the highest office, told FOX News Digital on Sunday that he sees the regional bank's collapse as representative of President Joe Biden's stumbling economy. The bank, the 16th largest in the US, fell on Friday after a 60 percent drop in shares, which sparked a run on the bank as panicked customers rushed to withdraw cash.It was the worst US financial institution failure since 2008, with SVB controlling $209 billion in total assets at the end of 2022.

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Reply 1 - Posted by: Kate318 3/12/2023 8:08:58 PM (No. 1423559)
Nice to hear from the real POTUS on a regular basis.
16 people like this.

Reply 2 - Posted by: stablemoney 3/12/2023 8:42:55 PM (No. 1423579)
The Federal Reserve is not bailing out the bank. They are bailing out Joe Biden's disastrous economic policies, and the Federal Reserve themselves, that have printed the money to fund it all. Policies so disastrous that the economy is teetering. Inflation is out of control, and raising rates to solve that problem will push the economy off the cliff. The Federal Reserve will eat their rate hikes, and allow the inflation, as there is no other way to get the debt down to anything manageable.
9 people like this.

Reply 3 - Posted by: Heil Liberals 3/12/2023 9:11:41 PM (No. 1423599)
The Too Big To Fail dominos are about to fall. No Astro Lube for you!
4 people like this.

Reply 4 - Posted by: DVC 3/12/2023 9:21:10 PM (No. 1423609)
Uninsured should NOT be covered.
10 people like this.

Reply 5 - Posted by: 24tea@Mag 3/13/2023 1:33:42 AM (No. 1423743)
Stumbling/mumbling Joe and the Federal Reserve - better think twice about spending and printing what you don’t have.
3 people like this.

Reply 6 - Posted by: Faithfully 3/14/2023 8:06:49 PM (No. 1425276)
Is it true that the executives gave themselves million dollar bonuses on Friday?
0 people like this.

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