Democrats wanted to keep major financial secrets from the American people.
They wanted to repress information on social media.
And one top Democrat just made a chilling suggestion.
According to a Republican congressman, at least one Democrat senator wanted to censor what information they had after the Silicon Valley Bank (SVB) collapse on Sunday.
The Republican said that during a zoom meeting, Sen. Mark Kelly of Arizona asked if it was legally possibly to censor what information was being spread about the bank collapse.
The Democrat “essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks,” according to a Republican on the call.
Rep. Dan Bishop (R-NC) backed up his colleague’s allegations and confirmed with the public that Kelly did ask the question.
A spokesperson for Sen. Kelly denied the reports.
“The unsupported claim made by this blog post you referenced is false,” the spokesperson said in a statement to the Daily Caller. “On the briefing, Senator Kelly asked about *foreign adversaries* potentially trying to take advantage of this situation by spreading misinformation.”
Democrats created the problems that caused the economy to overheat in the first place – and then tried to keep Americans from learning about the results.
Andy Puzder, the former long-time CEO of CKE Restaurants, blasted the Democrat’s $1.9 “American Rescue Plan” and the ironically-named “Inflation Reduction Act” as playing a major role in the economy overheating.
Puzder noted the irony that the Biden administration would hold “accountable” whoever was responsible for the new financial crisis.
“He should first look in the mirror,” Puzder charged, adding, “the collapse of Silicon Valley Bank (SVB) and the ensuing hysteria lies at President Biden’s feet. … make no mistake – he created the conditions for today’s panic.”
“It’s also no surprise that SVB was the first bank to fail in this environment,” Puzder opined.
“In fact, it is hard to ignore the irony of it. SVB – a west coast regional bank – filled it coffers with the deposits of Silicon Valley entrepreneurs, who were showered in billions of dollars of investments. In Biden’s over-heating economy, capital was easy to come by. But those who live by the sword, die by the sword.”
Puzder noted that the Federal Reserve “inevitably raised interest rates to cool the economy and tame raging inflation,” which made SVB’s holdings lose their value.
He added that SVB’s chief risk officer resigned in May 2022 and wasn’t replaced for nine months, and in that period “new deposits for SVB faltered. With no new cash coming in the bank doors, they should have recognized that they had a huge problem. But instead of taking action to correct course, the head of risk management for SVB’s UK branch was launching international equity and inclusion initiatives.”
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