Consequence Led News Today

crisis that weve seen this kind of stunning bank collapse. thats why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. >> no losses -- this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. >> martha: is that accurate? lets bring in david as...

Got in trouble in the first place. this is the first bank failure that was caused by adherence to woke beliefs and policies. the woke belief that you can just print money without consequence led to them thinking that there wouldnt be any increase in inflation, there wouldnt be any increase in interest rates and they could invest their own bank on these very low interest rate treasury bonds. of course, when interest rates went up, their money was stuck in these bonds. if they pulled it out, they ...