Posted on 03/15/2023 4:25:05 AM PDT by Oldeconomybuyer
WASHINGTON — The White House is exploring additional ways to ensure accountability for those who were responsible for the collapse of Silicon Valley Bank, administration officials said Tuesday.
Pointing to the bonuses some bank employees got last week and stock sales made by senior executives in recent years, a White House official said, “All of those are worthy of a deeper look.”
Biden privately told his advisers in meetings over the weekend that he wants tougher regulations on banks to prevent future failures, the second official said. Biden wants Congress to reverse the deregulatory actions lawmakers took during the Trump administration — a move critics contend has made banks more vulnerable to financial stresses.
In his private briefings Sunday, Biden also told advisers that the people who caused the bank’s collapse shouldn't simply walk away with impunity, the second official said. He wanted management to be ousted, and he told Yellen that taxpayer money shouldn’t be used to cover the losses. Instead, the government would draw money from a special fund made up of bank fees.
In short, Biden wanted a resolution that would look nothing like the 2008 calamity.
The bank’s collapse has already touched off a partisan war likely to extend through the 2024 campaign season.
Republicans have been looking to capitalize on the bank’s fate, drawing a line between Biden’s economic policies and SVB. House Speaker Kevin McCarthy, R-Calif., previewed a fresh line of attack against Biden arising from the bank’s failure.
“Biden’s reckless spending caused record inflation and rapid interest rate hikes that broke family budgets and banks too,” McCarthy tweeted. “We must restore fiscal sanity.”
(Excerpt) Read more at nbcnews.com ...
Trump did it!
diversity
Video Signature Bank ad before they collapsed
https://rumble.com/v2d5hkw-signature-bank-ad-before-they-collapsed.html
They can help the banks by returning to very low interest rates. But then inflation will soar.
They can get inflation under control by raising interest rates. But then more banks will collapse.
Fasten your seatbelts. It’s going to be a bumpy night.
Check the mirror, morons…
The Big Guy didn’t get his ten percent...
Yap yap nothing comes of it.
the National Barack Channel Agents issued a morning Chinese Puppet Propaganda piece .
NBC is the key CCP run WH mouthpieces .
The stupidity is astonishing. There’s no vaccine for that.
HAND THEM A MIRROR!
Another Democrat screwup and coverup. Even the MSM has to wake up every day thinking can this do administration go one day without something being screwed up under their watch? Providing protection, spinning the news and covering up for Democrats is getting to be a 24/7/365 job for them!
I have no idea if this video contains crazy conspiracy theories or is the truth, I am open to the it being true because nothing surprises with this government of fools and communists.
Kim Iversen is a committed liberal but has some common sense especially when it comes to Covid.
She’s out with a video claiming the collapse of SVB, Signature Bank and Silvergate was due to the governments desire to crush the crypto market and ushering a CBDC.
I’m throwing it out there to see what people think about this.
https://www.youtube.com/watch?v=BfUJnKFacNU&t=658s
Here’s another video from Kim Iversen about the Government trying to consolidate the banking industry into the major money center banks making it easier to implement a CBDC.
https://www.youtube.com/watch?v=DUBKdzG5vcY
“Biden wants Congress to reverse the deregulatory actions lawmakers took during the Trump administration — a move critics contend has made banks more vulnerable to financial stresses.”
Actions drafted and pushed by a democrat congress
That’s what I’ve been calling NBC for a long, long time.
Our resident FR government trolls will tell you that talk about a drive for a CBDC [Central Bank Digital currency] is nothing but a conspiracy theory, like any good government stooge would.
More Trump subpoenas coming, no doubt.
the place is frightening and dont even bother to hide it anymore.
Valarie Jarret and Susan Rice are calling the shots .
There is no question in my mind that the Government will attempt to implement a CBDC, the questions are how and when, will consolidating everyone into 4-5 major banks make that easier and are the recent events aimed at doing that.
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