Rep. Gaetz: ‘The Biden Administration Functionally Nationalized the Banking System in Our Country’

EXCERPT:

GAETZ: “The Biden Administration functionally nationalized the banking system in our country in one fell swoop. Because we all used to understand the risk associated with rules that said that depositors were insured up to $250,000. But when the Biden Administration says that they’re going to guarantee all deposits at Silicon Valley Bank, well then, of course, that is administration policy. I worry about that because it zaps risk out of the financial sector, and that always is something that comes before increases in inflation.”