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New York Rep. George Santos tweeted that he was towards bailing out Silicon Valley Financial institution.
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However folks on Twitter had been fast to provide scathing replies, calling him out for his quite a few scandals.
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“Inform them the way you as soon as ran Switzerland’s largest financial institution, George,” learn one tweet.
New York Rep. George Santos weighed in on Silicon Valley Financial institution’s implosion, however folks on Twitter had been fast to name him out with a sequence of scathing replies.
“I am an absolute NO vote to bail out any financial institution or company,” Santos tweeted on Monday. Santos was referring to an announcement from federal regulators assuring the general public that depositors of Silicon Valley Financial institution will probably be made entire.
The Federal Deposit Insurance coverage Company took management of Silicon Valley Financial institution on Friday after a disastrous financial institution run. The FDIC insures deposits for as much as $250,000 per depositor, per establishment.
At press time, this tweet was seen 1.5 million occasions.
On Monday, Santos additionally tweeted that “taxpayer {dollars} will probably be used to bail out the identical establishments that haven’t any mercy on us,” and added that the FDIC shouldn’t make “multimillionaire financial institution depositors” entire.
“I by no means thought I might stay to see Democrats advocating for bailing out millionaire depositors of a financial institution!” Santos tweeted.
Twitter customers then flooded Santos’ tweets on Silicon Valley Financial institution’s collapse with scathing replies.
“Inform them the way you as soon as ran Switzerland’s largest financial institution, George,” read a tweet alluding to how Santos has admitted to mendacity concerning the accolades he is acquired on his resume.
“Says monetary skilled and former Goldman CEO George Santos,” read a tweet from Chris Jackson, a former county commissioner in Lawrence County, Tennessee.
“A robust level made by George Santos, the Former Chairman of the Federal Reserve,” wrote Twitter person WallStXYZ.
Santos has admitted to mendacity about going to school, being Jewish, and dealing at Goldman Sachs and Citigroup.
John Fritchey, a former Democratic lawmaker within the Illinois Home of Representatives, additionally commented on Santos’ tweet, writing: “The one bail try to be worrying about is your personal.”
“Will you come back all of the funds that you just and your marketing campaign acquired beneath fraudulent and/or misleading phrases?” learn a tweet from Yale professor Howard Forman.
Santos is at present being investigated by the Home ethics committee. The committee has launched a probe into whether or not Santos engaged in illegal exercise throughout his marketing campaign in 2022, whether or not he submitted inaccurate statements on his monetary disclosure, and if he sexually harassed a potential worker.
Santos’ ex-roommate has additionally accused him of masterminding a bank card fraud scheme. The roommate, Gustavo Ribeiro Trelha, says Santos taught him illegally receive bank card info.
For his half, Santos has refused to resign from his congressional seat. He says he’ll solely accomplish that if the individuals who voted for him in New York demand it.
A spokeswoman for Santos didn’t instantly reply to Insider’s request for remark despatched exterior common enterprise hours.
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