Why does Biden and his clown show want American taxpayers to bail out foreign governments?
One can only assume that the depositors in the two failed banks who had more than $250,000 deposited knowingly decided, for some reason, to risk their excess amounts. Whether because the interest paid by these bank was attractive or some other reason, it was a conscious decision on the depositors part or whoever was their financial advisor. Apparently, they could afford to lose it, and they did. That is their problem, not yours and mine.
We the People who Joe Biden expects to reimburse these depositors were in no way involved in the decision to exceed the FDIC insured limits. They were not going to share their profits with us, so why should we bail them out? The American taxpayer had no dog in that fight.
Anyone who had more than $250,000 on deposit in these banks no doubt had a net worth in excess of one million dollars, and they are probably wealthier than 90% of all American taxpayers. In what world should the least wealthy people in America insure that the millionaires and billionaires with the top 10% of the wealth keep that wealth? That is a sick concept!
Sicker yet, since my original article, I have learned that many of the depositors are not American millionaires and billionaires; some are foreign governments including Communist China. Why does Biden and his clown show want American taxpayers to bail out foreign governments? That is way beyond crazy!
This is the most flagrant and public display of Corruption so far in the Biden administration. The median net worth of the American taxpayer is $121,000. That means that 50% of Americans have a net worth of less than $121,000 and 50% have a higher net worth. So these millionaires and billionaires need the help of other Americans because why?
