Republicans and Democrats alike have wasted no time turning the collapse of Silicon Valley Bank into a political football, seizing on the themes already animating each party's economic message heading into 2024.
Republicans and Democrats alike have wasted no time turning the collapse of
into a political football, seizing on the themes already animating each party's economic message heading into 2024.The 2008 financial crisis — and the bailouts for big banks that followed — spawned significant populist movements on both the right and left, with legacies still felt in today's politics.
The fallout from SVB's failure appears to be limited, but neither party can risk underestimating the scale of a"This is not 2008," White House press secretary Karine Jean-Pierre stressed at a briefing. "This is not a bailout."
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