President Biden has now presided over three of the four largest bank failures in U.S. history.
Since March, three major banks — First Republic Bank, Silicon Valley Bank and Signature Bank which had assets worth more than half a trillion dollars — have imploded in the wake of high interest rates and poor management decisions.
“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.
