Epoch Times has an article on the bank collapse that seems decently balanced to me. Not that I’m an expert at all.
Behind the Banking Crisis That Shook the Financial System
It basically says the banks have collapsed because of tightening by the Fed and/or because of reliance on cryptocurrency.
But this is what caught my eye in the story.
Former President Donald Trump — in an all-caps social media Truth Social post last weekend — compared the chaos to 1929, warning that banks are already beginning to fail because of President Joe Biden’s economic policies.
“Joe Biden will go down as the Herbert Hoover of the modern age. We will have a Great Depression far bigger and more powerful than that of 1929. As proof, the banks are already starting to collapse!!!”
I believe Trump genuinely wants the best for the country, but that desire comes after his desire to promote himself and destroy his opponents.
In this case, the risk of causing a crisis of confidence in the banking system is worth it if he can get in a dig on Joe Biden.
That’s disgusting, especially since there are so many other legit ways to go after Joe Biden without endangering public confidence.