March 15, 2023

Massive Biden Banking Crisis Could Be Underway, Hannity Says

Fox News host Sean Hannity gave his take on President Joe Biden's response to the collapse of Silicon Valley Bank on "Hannity."

Hannity shared his concern that the closing could be the beginning of a massive banking crisis.

Further, it is one of a massive list of problems Biden continues to blame on former President Donald Trump.

Some of the other areas include COVID-19, the economy, the border crisis and even the Chinese spy balloon.

"President Biden and Democrats including Massachusetts Sen. Elizabeth Warren are blaming former President Trump for the recent failure of two banks, citing legislation he signed in 2018 — even though that measure passed with significant Democrat support in both the House and Senate," Just the News reported.

"The Economic Growth, Regulatory Relief, and Consumer Protection Act received 33 votes from House Democrats and 17 votes from Democrats in the Senate, including one independent, Maine Sen. Angus King, who caucuses with the Democrats," it added.

The federal government is now stepping in to help customers impacted by the bank, passing on fees to other banks nationwide.

"Now we learn the Biden Admin will impose "special assessments" (= fees) on banks across the country to pay for the SVB bailout," Sen. Josh Hawley tweeted.

"No way MO customers are paying for a woke bailout. I will introduce legislation preventing any bank from passing these fees on to customers," he added.

The latest crisis is not Trump's fault but is instead another sign of Biden's failed economic policies leading to disaster for Americans and its financial institutions, leaving the nation on the brink of collapse.

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