Ted Cruz Hammers Biden For Bailing Out ‘Corrupt’ Silicon Valley Bank

  • “It’s called into question a lot of the financing for venture capital, and it has potentially imperiled a significant number of mid-sized banks,” Cruz said at the start of the show.
  • “In response to this, the Biden administration rolled out a major bailout, conveniently bailing out the politically connected friends of the Biden White House in a way that will have lasting repercussions for the economy and will almost certainly incentivize future bad conduct by other banks.”
  • Several minutes later, Cruz expanded on his remarks, noting that there were a lot of people who were going to look at what the Biden administration did by bailing out a bank that backed woke initiatives and believe that they can get away with the same reckless behavior as long as they align with the political Left.
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