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Prominent conservatives throughout politics and media reacted to the sudden closure of the Silicon Valley Bank (SVB) on Friday. Rep. Matt Gaetz (R-FL) is already standing firm against bailouts for the bank, and many are pointing to “Bidenflation” as a driver of the implosion.
Gaetz appeared on Steve Bannon’s War Room where Bannon asserted that the closure was “100 percent because of Biden’s policies.”
He predicted the federal government would be pressured for a bailout next week and asked Gaetz how he would respond.
“If there is an effort to use taxpayer money to bail out Silicon Valley Bank, the American people can count on the fact that I will be there leading the fight against such a bailout,” he said. “The financial arm of Silicon Valley has just been severed before our very eyes.”