Biden has presided over three of four worst bank failures in US history

And the Dems are going to stick with him and nominate him?

Biden has presided over three of four worst bank failures in US history

President Biden has now presided over three of the four largest bank failures in U.S. history and experts are warning the Federal Reserve's interest rate regime could lead to additional problems across the sector.


Since March, three major banks — First Republic Bank, Silicon Valley Bank and Signature Bank which had assets worth $212 billion, $209 billion and $110 billion, respectively, according to Federal Reserve data — have imploded in the wake of high interest rates and poor management decisions. The Federal Deposit Insurance Corporation (FDIC) has estimated its actions to resolve the failures will cost taxpayers about $36 billion.

"The Federal Reserve, the Treasury, this entire administration, frankly, has been very inconsistent with their operations in financial markets," E.J. Antoni, an economist and research fellow at The Heritage Foundation, told Fox News Digital in an interview. "So they will do one thing in one instance and then something completely different in the next."


"However, if this last episode is any indication, as the federal government gets increasingly desperate in this banking crisis, as the crisis continues to escalate, what we're seeing is an increasing willingness to basically use taxpayer money to bail out these institutions," Antoni added.
https://www.foxnews.com/politics/biden-presided-three-four-worst-bank-failures-us-history

And all due to his mismanagement of our energy sectors, our logistic sectors, his fiscal policy and mismanagement and refusal to triangulate and reverse course or even negotiate.

Can we really afford another two years of this let alone SIX???

 

Of course FaUX would say that. They have to keep their readers entertained.

When are they going to do a piece on the Orange Stain and his move to relax regulations on banks ?
Even the Fed said the regulators let these banks sink themselves. And under what rules were they operating ? Why , the rules of the Orange Stain's administration !

Can we really afford to let the Orange Stain get back into office ?

 

You're right!
Biden should have taken over all banks in America on day one of office!
False/misplaced outraged is getting ridiculous.
But, I must say that Biden messed up when he failed to put back in place those regulations of the banking industry that Trump changed, so you are correct that it's all Biden's fault.

Fox news strikes again!

 

Dodd-Frank

 

Why am I not surprised they got a quote from "an economist and research fellow at the Heritage Foundation"??

It's like asking a drunk why their neighborhood bar closed down...

3 banks down since Republicans gerrymandered a House victory.... such a shame...

 

Biden has presided over three of four worst bank failures in US history

... When not adjusted for inflation.

 

And the bank executives will walk away with fat wallets…

 

Are the Dems going to nominate Trump?

 

It's the economy not regulation.

 

Your point?
If it's the economy and not regulation, what does Biden have to do with it?

 

You really think you can absolve Biden here by shifting the blame for his policies?

 

Read my OP I stated just some of what he has to do with it. It's not about bank regulation it's about the economy.

 

The Silicone Valley bank failure resulted from the deregulation passed in 2018. Not on Biden's watch. To suggest that the deregulation had nothing to do with it means that people aren't paying attention to what happened in that bank.

 

All I see are a bunch of random darts thrown in a general direction.
What specific policies should Biden have done or not done that would have kept these banks from failure?

 

Nothing random about any of them they are HIS policies which have led to the inflation and the FED having to increase interest rates. He shouldn't have done what he did that got them here in the first place.

 

It happened because of what is going on in the economy with inflation and interest rates.

 

So what did Biden do that caused Inflation in all the other countries that are dealing with significant inflation? lol

 

Which specific policies are you pointing to? I get it that you don't like Biden.
Close your eyes, click your heels three times, and when you open your eyes, maybe Trump will be president again!

 

No, I subscribe to what @balancing act said in post #3.... Mango created these conditions and Biden didn't fix it, although in his defense, there was a lot going on in those early days, including fallout from an insurrection...

https://www.reuters.com/business/fi...ger-trump-era-rollback-svb-demise-2023-04-29/

https://www.levernews.com/facing-collapse-trump-linked-bank-fought-regulators/

https://nymag.com/intelligencer/2023/05/first-republic-deserved-to-die.html

 

What did he do ?
Well, he ran for office after the Orange Stain trashed our economy with his incompetent response( non-response, actually) to the COVID pandemic.

 

You are welcome to your opinion, of course. That doesn't make you right.

 

Lol...then go ahead and nominate trump again and see how that works out for you.

 

Thanks to tRump's deregulation.

 

I don't think it's a coincidence the failures happened after Republicans won the house. All they have been talking about since January is Hunter Biden and threats to not raise the debt ceiling and send us back to the stone age. No wonder investors are scared.

 

Which policy? Be very ****ing specific.