McCarthy says White House 'has the tools' to handle Silicon Valley Bank crisis

Speaker of the House Kevin McCarthy, R-Calif., conducts a signing ceremony in the U.S. Capitol for a resolution that invalidates the District of Columbias Revised Criminal Code Act of 2022, on March 10, 2023.

House Speaker Kevin McCarthy on Sunday morning said that the Biden administration "has the tools" to handle the crisis at Silicon Valley Bank.

Talking about faking it...this guy has NO CLUE

And that’s socialism.

Sounds like they did

Wait, so they have the tools (authority) to fix this, but not the authority to bailout students with loan debt? Interesting.

McCarthy IS a tool

McCarthy _is_ a tool. Just ask Three-Toes.

I'm not to worried about the Silicone Valley banking crisis.

But isn’t that socialism!!

My dude, your party is the one who made this possible! SVB slid under the regulation changes in 2018 and was largely immune from stress tests or detailed looks into their holdings. thanks to Trump and the republicans. Your mess, deal.

So Trump's rollback of the banking regulations was unnecessary?

Why does it always fall to the Democrats to clean up the mess made by the GOP deregulation frenzy?

But McCarthy and Trump caused the crisis...

Never mind that McCarthy himself is a tool.

Meaning, he is going to punt to Biden rather than developing any meaningful policies to protect the public.

To what tools is the tool referring?

We know who McCarthy’s campaign donors are

Kevin IS a tool.

Bailout incoming

Translation: 'I have neither the brains nor the political savvy to figure this out.'

Oh! So we need Government intervention?!? But, I thought…oh never mind.

Did he also mention that the top two lobbyists that work for SVB, used to be his staffers?

Depositors having balances well above the insured limit is akin to having 4 kids and not taking out life insurance.

Lol now they want government intervention😂😂

The 'tools' were there until Trump eliminated them.

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Source: WSJ - 🏆 98. / 63 Read more »