presidential candidate Nikki Haley said President Biden's plan to cover billions in deposits at two failed banks amounts to a 'bailout' while insisted Biden was on top of the matter because he woke up early to address the public. 'Biden is pretending this isn't a bailout,' Haley said in a statement. 'It is. Now depositors at healthy banks are forced to subsidize Silicon Valley Bank's mismanagement. When the Deposit Insurance Fund runs dry, all bank customers are on the hook.''That's a public bailout,' she continued. 'Depositors should be paid off by selling off Silicon Valley Bank's asset, not the public. Taxpayers should not be responsible.'
Load More
Load More