Fox News anchor Tucker Carlson questioned what the federal government would get in exchange for “backstopping” deposits at failed banks like Silicon Valley Bank on Monday.
“What we do know is that the Biden administration is supporting these deposits, okay. But that’s not the end of the story, in a way it’s the beginning,” said Carlson, co-founder of the Daily Caller News Foundation. “So here you pause and ask yourself a question that too few seem to be asking right now: you’re doing this, what are you going to get for it? Well, something safe.” (RELATED: ‘Time to buy gold’: Tucker Carlson responds to ‘second largest’ bank failure in American history)
Federal regulators shut down Silicon Valley Bank on Friday after its share price plummeted and customers began bank runs after the financial institution announced a $1.8 billion loss on asset sales amid high interest rates, CNBC reported . Depositors who held accounts at Silicon Valley Bank and Signature Bank, which were closed by regulators on Sunday, can get their funds back in full, the Federal Deposit Insurance Corporation, in cooperation with the Treasury Department and the Federal Reserve, announced Sunday.
“Remember that after 2008 the Obama administration, Eric Holder swooped in and imposed DEI, diversity, equity and inclusion standards on the entire financial sector, and that’s one of the main reasons our big banks are now increasingly incompetent, and one of the reasons Americans are so racially segregated,” Carlson said. “Ideologues who used the 2008 bank bailout to kill American meritocracy, it’s a big step, mostly unacknowledged, but we’re living with its consequences. So you must be wondering what are you going to do this time?”
“We know we’re going to see bank consolidation soon, big banks eating small banks, and that means less competition, more consolidation means more government control,” Carlson said. “What are you going to do with this control?”
Carlson criticized White House Press Secretary Karine Jean-Pierre for noting that officials dealing with the crisis were all black women and said her comments were more likely to include runs on regional banks. According to Fox Business, several regional banks, most notably First Republic, fell during Monday’s trading.
“If you want to reduce people’s confidence in regional banks and the banking system more broadly, if you want to incite a run on the banks, then talk that way,” Carlson said, saying it’s more important to know that banks are solvents . Carlson also noted reports that Arizona Senator Mark Kelly, Democratic, asked financial regulators if they had tools to censor social media to prevent bank runs.
A spokesman for Kelly denied the reports in a statement to the Daily Caller News Foundation.
“The unsubstantiated claim of that blog post you referenced is false,” the spokesperson said in a statement to the DCNF. “At the briefing, Senator Kelly asked about *foreign opponents* who may be trying to take advantage of this situation by spreading misinformation.”
“We need to ask the obvious question, how close are we to some kind of catastrophe and how much are those responsible contributing to it?” Carlson asked.
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