AND THERE IT IS. Matt Gaetz said come Monday morning that SVB would want the House of Reps to bail them out. And that they would come up with reasons to make the public nervous as to allow them the bail out money. Matt Gaetz said, "It's not going to happen.' We're already in debt and these rich people did it to themselves by making bad decisions. Never Again.
The fact is that Dodd Frank Act made bail ins legal. Remember Greece’s collapse. The government simply took depositor’s money. The FDIC doesn’t have enough reserves to pay out all depositors.
AND THERE IT IS. Matt Gaetz said come Monday morning that SVB would want the House of Reps to bail them out. And that they would come up with reasons to make the public nervous as to allow them the bail out money. Matt Gaetz said, "It's not going to happen.' We're already in debt and these rich people did it to themselves by making bad decisions. Never Again.
Glad to hear that. I'm pretty sure my own representative (Burchett, R-TN) will have the same attitude toward SVB. NO MORE BAILOUTS.
The fact is that Dodd Frank Act made bail ins legal. Remember Greece’s collapse. The government simply took depositor’s money. The FDIC doesn’t have enough reserves to pay out all depositors.