Former United Nations ambassador and 2024 Republican presidential candidate Nikki Haley on Sunday rejected any bailouts for Silicon Valley Bank (SVB), saying taxpayers “never should” bail it out.
Haley, who made multiple to stop In Iowa, this week, he urged private investors to step up and buy the bank and its assets instead of taxpayers having to foot the bill.
Taxpayers should not bail out a Silicon Valley bank at all. Private investors can buy the bank and its assets,” Haley said He said in the current situation. “It is not the responsibility of the American taxpayer to intervene. The era of government bailouts and big corporations must end.”
Taxpayers should not bail out a Silicon Valley bank at all.
Private investors can buy the bank and its assets. It is not the responsibility of the American taxpayer to intervene.
The era of government and corporate bailouts must end.
– Nikki Haley (@NikkiHaley) March 12, 2023
Government regulators took over the favored bank in Silicon Valley on Friday amid deposits and losses in its portfolio of securities.
Likewise, fellow presidential candidate Vivek Ramaswamy has opposed Silicon Valley bank bailouts, telling Breitbart News that “if we don’t learn the lessons we should have learned, we’ll keep making the same mistakes again.”
Florida Rep. Matt Gaetz (R) also said he would lead the fight against talks about any Silicon Valley bank bailouts.
“If there is an effort to use taxpayer money to bail out the Silicon Valley bank, the American people can count on the fact that I will be out there leading the fight against that bailout,” Gates said. “Silicon Valley’s financial arm has been cut off before our eyes.”
Jordan Dixon-Hamilton is a reporter for Breitbart News. Write to him on jdixonhamilton@breitbart.com or follow it Twitter.
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