Treasury Secretary Scott Bessent Treasury Secretary Scott Bessent Rebukes Sen. Elizabeth Warren Over Banking Crisis Claims WASHINGTON, D.C. — Treasury Secretary Scott Bessent sharply pushed back against Senator Elizabeth Warren’s claims that President Donald Trump is setting the United States on a path toward an economic crisis, pointing instead to the 2023 banking failures that occurred under the Biden administration. Speaking during a recent exchange, Bessent cited the collapses of Silicon Valley Bank , Silvergate Bank , and Signature Bank , three of the largest bank failures in U.S. history, all of which occurred in 2023. “With apologies to Senator Warren, you can’t memory hole three of the largest U.S. bank failures,” Bessent said. “Silicon Valley Bank, Silvergate Bank, and Signature Bank all collapsed in 2023 under the Senator’s favored regulatory framework as enforced by the Biden administration.” Bessent rejected the argument that increased regulation alone would stab...
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