Former Clinton Treasury Official Claims Biden Has ‘Effectively Nationalized’ the Banking System
Joe Biden has essentially nationalized the U.S. banking system in its response to the collapse of Silicon Valley Bank (SVB), according to the former deputy treasury secretary under Bill Clinton.
Roger Altman told CNN that the Biden regime is avoiding directly bailing out SVB because bailouts are “ferociously unpopular,” which is why the FDIC is looking to reimburse depositors rather than rescue the bank itself.
“The main point is, the rescues of 2008-2009…became ferociously unpopular. I mean one of the most unpopular things the federal government has done in 50 or 100 years,” Altman said Tuesday.