The SVB Bank Failure Will Cost ALL Tax Payers

In the Silicon Valley Bank failure, Biden provided financial assistance to 20 individuals, including Gavin Newsom. This action raises the question of whether he is truly challenging billionaires. As a taxpayer, you are responsible for covering any amount over $250,000 that each billionaire or individual had in that bank. As a taxpayer, you have to pay for any money over $250,000 that each billionaire or person had in the bank, which is more than what FDIC law requires.

Leave a Comment

Your email address will not be published. Required fields are marked *