PODCAST: Pat Toomey On SVB: Yes, It Was A Bailout

By DVJ Editor, Delaware Valley Journal

March 21, 2023

Former U.S. Senator Pat Toomey has a background in finance and he served on the Senate Banking Committee until his retirement last year. When DVJournal’s Linda Stein asked him if what the Biden administration chose to do for depositors at Silicon Valley Bank was a bailout, he said “Yeah, it was.” He explains why here.

Toomey also talks about the right way to prevent similar collapses in the future, and why claims the source of the problem was deregulation was wrong.

And Toomey offers an unusual theory regarding the possibility of former President Trump being arrested and what Democrats are hoping to accomplish. And why you won’t find Pat Toomey dancing on TikTok.

Hosted by Michael Graham.

The Delaware Valley Journal provides unbiased, local reporting for the Philadelphia suburbs of Bucks, Chester, Delaware and Montgomery Counties. For more stories from the Delaware Valley Journal, visit DelawareValleyJournal.com