Silicon Valley Bank Collapse Becomes Campaign Topic as GOP Warns Against Bailout

of Silicon Valley Bank has set the stage for the latest fight over the role of the federal government in the financial sector, with Republican 2024 presidential hopefuls threatening to make any hint of a taxpayer-funded bailout a campaign issue.

The issue’s clout and staying power will likely depend heavily on whether regulators are able to successfully shield the , and by how losses are dealt with for depositors with holdings above the Federal Deposit Insurance Corp.’s $250,000-protection limits.running for the GOP nomination , was among the first in the still-emerging GOP field to call for no taxpayer exposure to the bank’s failure and by Sunday was already soliciting online campaign contributions on the topic.

“Taxpayers should absolutely not bail out Silicon Valley Bank,” she said in a statement. “Private investors can purchase the bank and its assets. It is not the responsibility of the American taxpayer to step in. The era of big government and corporate bailouts must end.”bank’s Friday failure“We’re not going to do that again,” she said on CBS News. “But we are concerned about depositors and are focused on trying to meet their needs.

Too big to fail has gotten old,nobody is wanting to bail out billionaires

Sick and tired of private banker gains, and socialized banker losses. Heads — bankers win, tails — bankers don’t lose, taxpayers must bail them out.

Nor should they bailout student loans

The question is: if Bank assets were baked up with bankruptcy protection funds or not and if Bank was integrated in nation wide banking bankruptcy protection corporation alliance usually relied on National Reserve Funds?

The same people screaming for the federal government to do something are the same people who scream against perceived excessive regulation and taxation. The hypocrisy of these so called capitalists is shameful.

🤡 GOPClownShowContinues SVBCollapse

Same procedure and approach as Wirecard?

We won't be taking advice from NeverNikki

It's not bailing out venture capitalists. You want me to get the tent out and occupy Wallstreet, again?

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How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge Biden’s America. Are we having fun yet? bank crooks with silicon valley tech libs. boo hoo The money in SVB most are richest's and oversea dirty money from CCP families. Let it fail.
Source: WSJ - 🏆 98. / 63 Read more »