Republican presidential candidate Nikki Haley condemned President Biden on March 13 for what she termed a “bailout” of Silicon Valley Bank, which failed late last week after regulators seized its assets and vowed to repay depositors.
“Joe Biden is pretending this isn’t a bailout. It is,” Haley said following news of the White House’s decision.
“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.
“Depositors should be paid by selling off Silicon Valley Bank’s assets, not by the public. Taxpayers should not be responsible.”…