In addition to Silicon Valley Bank’s collapse last week, there is another bank that failed:

State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SIVB.O) in a collapse that stranded billions in deposits.

The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 billion in deposits at the end of last year, according to New York state’s Department of Financial Services.

Earlier today President Biden spoke for just a couple of minutes about the situation and the government’s response, and his remarks were just long enough to blame Trump and then claim the banks aren’t getting a bailout on the backs of taxpayers. Biden then walked off without taking questions (of course).

Biden also explained that in no way is SVB getting a taxpayer-funded bailout. “No losses will be borne by the taxpayers,” according to the same person who said inflation would be temporary and once helped push the “if you like your doctor you can keep him” lie.

Charles Payne’s BS detector exploded after hearing those kinds of claims:

Biden and many Democrats’ spin is that they had to bail out the bank under the guise that it had to be done to protect “the little guy.”

Payne also had some great questions about the Biden White House prioritizes problems:

If that last hypothetical was true everybody knows how long it would have taken Biden to respond to it.



Charles Payne absolutely levels NYC Mayor Adams over tweet about Florida Gov. DeSantis

Charles Payne can’t help but notice lib media might be in the process of covering up the cover-up

‘So disingenuous’! Charles Payne torches CNN’s shameless spin on gas prices


Editor’s Note: Do you enjoy Twitchy’s conservative reporting taking on the radical left and woke media? Support our work so that we can continue to bring you the truth. Join Twitchy VIP and use the promo code SAVEAMERICA to get 40% off your VIP membership!