Joe Biden on Monday blamed Donald Trump for the recent bank failures and broadening contagion.
Silicon Valley Bank and Signature Bank collapsed over the weekend.
Silicon Valley Bank is the largest bank to fail since the 2008 liquidity crisis.
Biden blamed Trump and threatened to go after those responsible: “In my Administration, no one is above the law.”
“During the Obama-Biden Administration, we placed tough requirements on banks to make sure the crisis we saw in 2008 wouldn’t happen again,” Biden said.
“Unfortunately, my predecessor rolled some of those back,” he said.
