“The sudden collapse of Silicon Valley Bank has set the stage for the latest fight over the role of the federal government in the financial sector, with Republican 2024 presidential hopefuls threatening to make any hint of a taxpayer-funded bailout a campaign issue,” the Wall Street Journal reports.
“The subject’s clout and staying power will likely depend heavily on whether regulators are able to successfully shield the banking system from wider fallout, and by how losses are dealt with for depositors with holdings above the Federal Deposit Insurance Corp.’s $250,000-protection limits.”
John Ellis: “The 2008 financial crisis was the predicate to Donald Trump’s rise in American politics. Washington bailing out Silicon Valley is an issue that can turbo-charge his campaign for the presidency. And everyone knows it.”
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