(RepublicanWire.org) – Former White House Secretary, Jen Psaki, made some interesting comments about Joe Biden while discussing the urgent banking crisis.
Psaki said, “It’s important to note President Biden does nothing at 9 AM … The fact that he’s doing this at 9 AM anyway speaks to how vital the White House recognizes it is for him to have his voice out there…”
According to the former White House Secretary, however, while the rest of the world is up and running at 9 AM, our president does nothing.
Psaki’s comments came after President Joe Biden addressed the nation early on Monday, regarding the recent collapse of Silicon Valley Bank and Signature Bank, both of which were seized by the FDIC on Friday and Sunday, respectively.
In his address, the president reassured the nation that his administration has confidence in the overall banking system and that both banks will not be getting a bailout.
“Americans can have confidence that the American banking system is safe. Your deposits will be there when you need them,” Biden said. “Small businesses across the country that deposited accounts in these banks can breathe easier knowing they’ll be able to pay their workers and pay their bills. And their hard-working employees can breathe easier as well.”
The president also added that the management within both banks will be fired and the investors will not be getting anything following the collapse.
Biden explained that the investors took the risk to invest in a risky bank and thus they should reap the consequences when it fails.
President Biden did not take any questions following the address.