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Kevin Hassett: There Were Buyers Willing to Buy SVB, but ‘Radicals at the FDIC’ Didn’t Allow It

‘The Biden administration had a whitelist of companies that were allowed to buy the failed bank and companies that weren’t’

EXCERPT:

HASSETT: “Yeah, I think Randy’s right, and you’re right. I have heard it from people I have a great deal of faith in, they were very close to the situation, that there were buyers who were willing to step in and buy the bank, and that the radicals at the FDIC basically weren’t going to allow that to happen. And I even heard — again, someone told me this directly that was close to the situation, that the Biden Administration had a whitelist of companies that were allowed to buy the failed bank and companies that weren’t. And so, basically, you can imagine they’re so concerned about some bank getting a little bit bigger that they have decided to put all these taxpayer monies at risk, and I think it’s something we’ve seen from the Biden Administration, really, from the beginning, is that they have got radical left agenda. And it doesn’t ever exude any even common sense. And so, here we are in the middle of a potential banking crisis, we’ve got people willing to step up and buy the company, and the radical left-wingers at the FDIC won’t let them do it.”

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