GOP Sen John Kennedy: in Biden's America, those at the top get bailouts, those at the bottom get handouts, & those in the middle foot the bill

[basquebromance]

The Biden Bailout could have been avoided if 1 of 3 things had happened

1) if the management had not bought securities without taking the risk

2) if the regulators caught them doing it. SVB was heavily regulated, all the regulators had to do was read the reports and they would've noticed the problem. where are the regulators? this whole dispute couldve been avoided

3) instead of calling other banks telling them to buy SVB, just let it be!

 

[JackOfNoTrades]

The Biden Bailout could have been avoided if 1 of 3 things had happened

1) if the management had not bought securities without taking the risk

2) if the regulators caught them doing it. SVB was heavily regulated, all the regulators had to do was read the reports and they would've noticed the problem. where are the regulators? this whole dispute couldve been avoided

3) instead of calling other banks telling them to buy SVB, just let it be!

Which is what one could say about the GOP's constant readiness to give sweetheart tax cuts to corporation and the wealthy (their donors) while constantly going back to the middle class well for tax hikes.

Sen Kennedy once again demonstrates how the right....has no idea how things really work.

 

[Ralph Norton]

GOP's constant readiness to give sweetheart tax cuts to corporation and the wealthy (their donors) while constantly going back to the middle class well for tax hikes.

What tax hikes were those and when?

 

[Moonglow]

The term, "to big to fail" was not created yesterday clueless Joe.