{"id":39983,"date":"2023-03-23T06:19:48","date_gmt":"2023-03-23T10:19:48","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=39983"},"modified":"2023-03-23T06:19:48","modified_gmt":"2023-03-23T10:19:48","slug":"when-svb-collapsed-who-did-bumbles-biden-blame","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=39983","title":{"rendered":"When SVB collapsed, who did Bumbles Biden blame?"},"content":{"rendered":"

Good day all. When the Silicon Valley Bank collapsed under the weight of it\u2019s Wokeness, people started pointing fingers. Of course a lot of the reason that SVB went under could be traced back to Dementia Joe\u2019s spend now, spend again and spend some more policies, aided an abetted by the Federal Reserve.<\/p>\n

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Of course, Bumbles Biden will never admit that it was HIS policies that caused the problem. Oh no, it wasn\u2019t his fault. So who\u2019s fault was it? I\u2019ll give you three guesses, but you\u2019ll only need one. Here are <\/b>are Biden\u2019s<\/b> nominations for blame from the Daily Caller<\/b><\/a>:<\/p>\n

President Joe Biden blamed former President Donald Trump for the collapse of Silicon Valley Bank (SVB) and Signature Bank, attributing their demise to Trump\u2019s rollback of some Obama-era policies. <\/b><\/p>\n

\"\"<\/a><\/p>\n

\u201cDuring the Obama-Biden administration, we put in place tough requirements on banks like Silicon Valley Bank and Signature Bank, including the Dodd-Frank law to make sure that the crisis we saw in 2008 would not happen again,\u201d Biden said during his Monday remarks. <\/b><\/p>\n

\u201cUnfortunately, the last administration rolled back some of these requirements,\u201d he added. <\/b><\/p>\n

There is a small problem with Mush for Brains Biden\u2019s \u201cFacts.\u201d Barney Frank, who pushed that monstrosity on America said that the changes that were made had nothing to do with the collapse. He would know, since he was on the board of Signature Bank, which also collapsed.<\/p>\n

The bill exempting many banks from the Dodd-Frank Wall Street reform law \u2014 called the Economic Growth, Regulatory Relief and Consumer Protection Act \u2014 passed the Senate in a bipartisan way in 2018. Lawmakers had cited concerns about small banks and credit unions, The Hill reported<\/a>. <\/b>Trump then signed the bill into law after it passed the House. <\/b><\/p>\n

This is something else Dim Bulb Biden failed to mention. The Greatest President of the 21st<\/sup> Century, Donald Trump, didn\u2019t push for these changes, they were sent to him by both parties in both houses. In other words, even the Democrats saw there were problems with the original Dodd-Frank law.<\/p>\n

Trump\u2019s team denied that the former president\u2019s actions contributed to the banks\u2019 collapse. <\/b><\/p>\n

\u201cOut of control Democrats and the Biden administration have continued to pathetically try to blame President Trump for their failures with desperate lies, such as the CCP spy balloons, the train derailment in East Palestine, and now the collapse of SVB,\u201d Trump\u2019s spokesperson Steven Cheung told the Daily Caller in a statement. <\/b><\/p>\n

President Trump has been out of office for over two years now. This is all on Dementia Joe and the Democrats. Of course, since Biden is a pathological liar and a psychopath, he will never admit he was wrong or that anything is his fault.<\/p>\n

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The real reasons for the Silicon Valley bank failure can be chalked up to sheer incompetence by the bank\u2019s managers and board of directors. They went 8 months without a chief risk officer<\/a>, and when they finally got around to hiring one, she was more concerned with all the DEI and Woke crap then actually looking at the books and going \u201cHey! I think we might have a problem creeping up on us. We should rebalance our books asap.\u201d<\/p>\n

Of course, the worst president* in American history will never admit that his policies and the progressive crap he\u2019s been pushing could be to blame. It\u2019s always someone else’s fault. Perhaps he should give up blaming President Trump for all his failing and blame someone else…Like Canada.<\/p>\n