Liberals Blame Trump for Silicon Valley Bank Collapse
Like clockwork. The sad part is that millions of Americans will believe this crap. Banks did not collapse under the Trump Administration. Under President Trump’s economic policies, America’s economy flourished.
Mass psychosis. Trump Derangement Syndrome is real.
I don’t remember banks collapsing under Trump… but don’t worry guys it’s only a matter of time till Biden/media blames him for that too. It has nothing to do with high interest rates / fed rate hikes necessitated by record inflation caused by his out of control spending.
— Donald Trump Jr. (@DonaldJTrumpJr) March 12, 2023
SVB is what happens when you push a leftist/woke ideology and have that take precedent over common sense business practices. This won’t be the last failure of this nature so long as people are rewarded for pushing this bs. https://t.co/xuthUl6Kdt
— Donald Trump Jr. (@DonaldJTrumpJr) March 12, 2023
Liberals blame Trump for Silicon Valley Bank collapse citing 2018 bipartisan bill
Trump signed bipartisan legislation rolling back parts of Dodd-Frank in 2018
By Fox News, March 12, 2023
“By the way, Trump deregulated banks like Silicon Valley Bank, which failed Friday,” Robert Reich, who served as labor secretary under former President Bill Clinton, posted on Twitter Friday after news that Silicon Valley Bank had been shut down by FDIC regulators in an effort to protect customers as the bank faced a liquidity crunch after losing $2 billion.
Reich was joined by other liberals on Twitter attempting to place the blame on Trump for signing a bipartisan bill in 2018 that rolled back elements of Dodd-Frank.
Source: https://gellerreport.com/2023/03/liberals-blame-trump-for-silicon-valley-bank-collapse.html/
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The inmates are running the mental institution.
Banks fail when they make risky loans or stupid derivative moves. One deal goes bad and they lose 2 billion dollars. Then they have no cash to service their depositors. When they get wind of it they take their money out en mass. Boom, there goes the bank. Banks need regulation. And CEO’s of banks that fail should be held to account. NOT allowed to walk away with millions as in this case….