Tom Cotton blasts Biden over SVB bailout, economic turmoil that created collapse: His ‘failures all the way’

Arkansas Sen. Tom Cotton, R., took a jab at the Biden economy during “Sunday Morning Futures,” alleging policies implemented under the current administration are to blame for the infamous collapse of Silicon Valley Bank that left markets scrambling earlier this month.

“The failure of Silicon Valley Bank and the stress it’s put on our banking sector and the economy really is Joe Biden’s failures all the way down,” he told Fox News anchor Maria Bartiromo. 

“It was Joe Biden’s reckless spending that created runaway inflation, which led to higher interest rates, which put the squeeze on banks like Silicon Valley Bank, and it was Joe Biden’s administration that didn’t properly oversee and supervise a bank like Silicon Valley Bank six months ago or a year ago to make sure they were doing proper risk management of the interest rate spreads between deposits on the one hand and assets on the other hand,” he said.

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