If It Looks Like a Bailout & Walks Like a Bailout It’s Probably a Bailout
As the old saying goes, if it looks like a duck, walks like a duck, and quacks like a duck, it’s probably a duck.
Well, if it looks like a bailout, walks like a bailout, and talks like a bailout, it’s probably a bailout.
In the aftermath of the Silicon Valley Bank and Signature Bank failures, nobody in the Biden administration or at the Federal Reserve wants to call the actions they took a “bailout.”
But make no mistake — it was without a question a bailout.
As Peter Schiff pointed out in a podcast, “Nobody wants to admit it’s…