Billionaire Hedge Fund boss Bill Ackman demanded Joe Biden guarantee ALL bank deposits or the economy could face a meltdown.

Steve Bannon responded to Ackman’s demands on Friday.

“@BillAckman’s already said the gov’s got to come in here & actually do a bailout.

Your betters, all these arrogant digital nomads sit there & mock everything you stand for —

& they’re going to come to the deplorables like they always do like they did in 2008.”

-Steve Bannon pic.twitter.com/gN2ZjfO9gL

— Grace Chong (@gc22gc) March 11, 2023

On Monday’s War Room Steve had more to say about the proposed billions in bailouts that will stick the Deplorables with the bill.

Steve Bannon, “The most powerful oligarchs- who caused the run on this bank – and are the beneficiaries of all of the financial, quite frankly, crimes of this bank have the gall to come to you for a bailout.”

The Daily Mail reported:

Hedge fund boss Bill Ackman today warned the ‘economy will not function’ unless Joe Biden ‘guarantees all deposits now’ as the contagion spread to the Big Four.

Among the worst affected regional banks was Western Alliance which saw its stock plunge by 75 percent as the opening bell sounded. Trading circuit breakers were also imposed on First Republic as its price nosedived by two thirds and PacWest which dropped by 35 percent.

Major US banks also suffered with Wells Fargo plummeting 7.5 percent, Bank of America falling 7.4 percent, Citigroup plunging 5.8 percent and JP Morgan down 2.7 percent.

‘Our economy will not function effectively without our community and regional banking system. Therefore, the Federal Deposit Insurance Corporation needs to explicitly guarantee all deposits now. Hours matter,’ Ackman warned.

The post Billionaire Hedge Fund Boss Bill Ackman Demands Biden Guarantee All Deposits or Economy will Melt Down – Steve Bannon Responds (Video) appeared first on The Gateway Pundit.

Joe Biden left out a very important point this morning about the bailouts he and his Administration are taking to rescue the Silicon Valley Bank. 

Biden lies through omission.

This morning, Joe Biden tried to reassure the nation about the banking segment of the economy as his Administration announced over the weekend that it was bailing out two banks – Signature Bank and Silicon Valley Bank.

Biden looked simply horrible as he slurred his words and mumbled through his short talk about the bail outs.  While he was speaking, Western Alliance Bank dropped in value.

Joe Biden Steps Up to Microphone to Calm Nation Over Banking Crisis, Mumbles Through Speech – Western Alliance Bank Drops Lower During His Reassuring Talk

According to CBS:

Mr. Biden reiterated during his remarks that “no losses will be borne by the taxpayers,” and said the money will instead come from fees that banks pay into the Deposit Insurance Fund.

What Biden did not share (his lie of omission) is that the US government is bailing out Chinese venture capitalists who had a significant amount of deposits in SVB.

Last night we reported that the South China Morning Post noted the bridge between SVB and China.

The post Biden Lies By Omission – Forgets to Tell Americans that We Are Bailing Out China’s Venture Capital Business with Silicon Valley Bank Rescue appeared first on The Gateway Pundit.