McIntosh Statement on the Biden Bank Bailout

“The Biden bank bailout is a result of Biden’s failed economic policies. And it will make things worse – other banks and their customers will pay the price, all Americans will suffer, mass inflation will start back up again. Organizations that can’t manage risk should be allowed to fail, and taxpayers should not be forced to bailout the well-connected and wealthy because a bank prioritized woke causes above smart investing. Changing the rules after the crash to prop-up liberal investors at the expense of taxpayers is pure crony capitalism. The additional regulations being proposed by Biden would only make the situation worse and further consolidate power among the big banks and hurt regional banks that small businesses rely on.” – David McIntosh, Club for Growth, President