Lauren Boebert Defiant amid Banking Crisis: ‘No Bank Bailouts’

Republican Rep. Lauren Boebert (R-CO) is defiant amid the mounting banking crisis as Democrat President Joe Biden attempted to reassure Americans on Monday morning.

As Slay News reported, New York’s Signature Bank imploded on Sunday evening after the Friday collapse of Silicon Valley Bank (SVB).

The crisis has caused a ripple effect through the banking world with several banks’ stock values plunging during market opening this morning.

In a tweet today, Boebert asserted that taxpayers won’t be held liable for the banking crisis.

“No bank bailouts,” the congresswoman said bluntly.

In a tweet last night, Boebert unloaded as she said, “On a briefing with Biden Under Secretary of the Treasury Nellie Liang regarding the SVB BAILOUT they are working towards and a member asked if they were reaching out to Facebook and Twitter to monitor misinformation and ‘bad actors.’”

“And this administration AGAIN just committed the federal government to interfere with free speech. Unacceptable!” Boebert declared.

ABC News reported on Biden’s remarks this morning as he said from the White House.

“Americans can rest assured that our banking system is safe,” Biden told the media.

“Your deposits are safe,” Biden insisted.

“Let me also assure you, we will not stop at this.

“We’ll do whatever is needed.”

Yesterday, the federal government said that all depositors at Silicon Valley Bank and Signature Bank will be protected and be able to get access to their money Monday morning.

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The funds would come from a “special fund” set up by the nation’s banks and from the sale of the banks’ assets, rather than from taxpayers they assured.

Biden sought to reassure Americans that would be the case as he repeated, “No losses will be borne by the taxpayers.”

According to reports, trading has been halted for multiple U.S. bank stocks at market open today.

READ MORE: First Republic Bank Plunges 66%, Western Alliance Down 62%, Customers Begin Lining Up

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