Recent bank failures will cost Americans billions of dollars. I'm demanding accountability and transparency from all entities responsible for recent bank failures, including bank executives, negligent regulators, & the fiscally irresponsible Biden administration.

Sen. Scott Addresses SVB's Failure

Senator Tim Scott (R-S.C.) urges for accountability for all parties involved in the recent banking failures.

May 5, 2023 · 12:00 PM UTC

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Replying to @SenatorTimScott
Dude, you've helped ease the laws that caused this. You, your party and the willingness of your party to bend over backwards for the top 1%. You know this so stop playing the blame game.
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Replying to @SenatorTimScott
Let me save you some time. Trump and GOP are responsible for all of it. cnbc.com/2018/05/24/trump-si…

Trump signs the biggest rollback of bank rules since the financial crisis

The measure designed to ease rules on all but the largest U.S. banks passed both chambers of Congress with bipartisan support.

cnbc.com
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Replying to @SenatorTimScott
Today’s news Tim Scott hates: “Unemployment rate ticked back down to 3.4%, the lowest rate since 1953.” “The prime-age labor-force participation rate climbed to 83.3%, the highest level since 2002.” “Black unemployment rate fell to 4.7%, a new all-time low.” @steverattner 5/5/23
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Replying to @SenatorTimScott
Dude!! Look in the mirror. You have responsibility in this.
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Replying to @SenatorTimScott
Tim scott all he does is play the blame game. We all know the failure of the banks is because of the trump administration the regulations. This goes to show you never to vote for tim scott
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Replying to @SenatorTimScott
But Tim, The Republicans will default on the National Debt. What do you think will happen to the global financial system? Do something with your party instead of posturing and playing politicl theater.
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Replying to @SenatorTimScott
The government is responsible. The banks invested heavily in Bonds, expecting a stable return. FEd increases the interest rate, devaluing all issued bonds. Companies with negative cash flow draw down their bank accounts faster than the bank can respond.
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Replying to @SenatorTimScott
Oh, Timmy. Interesting how you never want to chat about the deregs done by Don Trump and his disastrous policies that turned this country upsude down. You are nothing but an empty suit and a GQP fraudster.
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