GOP presidential candidates react to Silicon Valley Bank collapse, Trump blames ‘out of control Democrats'
Fox News
Former President Trump blamed the Biden administration’s "anti-America policies" for contributing to the shocking collapse of Silicon Valley Bank.
The Federal Deposit Insurance Corporation (FDIC) only insures deposits up to $250,000, and some investors are saying a government bailout is necessary to protect depositors. Deposits that are insured by FDIC are supposed to be available by Monday morning, sparking fears that a run of withdrawals will create a domino effect. Jessica Chasmar is a digital writer on the politics team for Fox News and Fox Business. Story tips can be sent to Jessica.Chasmar@fox.com.
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