Houston – We Have a Serious Problem in Biden Administration
The lying is incredible, But getting caught in real time is priceless
By News on the Net -- Armstrong Economics—— Bio and Archives--March 16, 2023
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We have a MAJOR problem with this Biden Administration. It is so radically left, it is now endangering the entire economy, not just the banking system. Biden lied to the public claiming there were no buyers for the Silicon Valley Bank. In fact, in London, HSBC immediately stepped forward to strike a deal for SVB in London. Why was HSBC buying SVB’s overseas operation but Biden claimed there were “no buyers” for SVB in the USA? When I was told that it made no sense.
Something was not panning out with the regulators who typically call in other banks immediately and work out their shot-gun weddings. I know, I got one of those calls from the Japanese government to buy a brokerage house in Tokyo when the French bank Palace went bust. ---More...
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