The cost of the government’s response to SVB’s failure will trickle down to Americans, who will face higher fees at their banks.

Sen. Scott's Opening Remarks At Senate Committee Banking Hearing

Senator Tim Scott (R-S.C.) discusses the Silicon Valley Banking Failure.

Mar 20, 2023 · 1:09 PM UTC

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Replying to @SenatorTimScott
Banks over leveraged and irresponsible.. … absolutely inexcusable except it is .. No accountability… God help the middle lower classes.. because we will be the ones that suffer.., and of course there will be a wag the dog event..or war…and CBDC for more controI …disgusting .
Replying to @SenatorTimScott
Trump & GOP created the issue by changing regulations, thank to the current administration for addressing the problem created. Let's also don't forget Trump also caused the transportation crisis by softening regulations.
Replying to @SenatorTimScott
That’s how the FDIC insurance program works. Higher costs, higher fees.
Replying to @SenatorTimScott
BULLSH**, the fact that every business with their payrol in that bank would have immediately lost their jobs would have trickled down to every American. Maybe the @GOP donor Pete Theil should not have started a run on the bank. @GOP lies about EVERY FN THING!!!
Replying to @SenatorTimScott
Don't take responsibility for your mess. Blame Biden.
Replying to @SenatorTimScott
Which is a fuck of a lot better that a complete banking collapse !
Replying to @SenatorTimScott
Or the whole banking system could collapse which costs nothing. What a clown
Replying to @SenatorTimScott
Shame on you, @SenatorTimScott. #GOPCorruptionOverCountry
Replying to @SenatorTimScott
Mexicanblueeyes @Mexicanblueeye
Mar 20
Replying to @SenatorTimScott
Trump spent 7.8 Trillion with support from #GOP. All went to the RICH at the expense of higher taxes for the little people. Now the Tim is worried about the debt. #Gop & Trump added 1/4 to 1/3 of the Debt in 4 years in office. #Gop made out with MILLIONS in "welfare"
Replying to @SenatorTimScott
Because of you
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