Compares it to federal student loan forgiveness
Vermont Daily Chronicle News Video by Guy Page
Following the failure of a big tech bank in California and, on Sunday, a New York cryptocurrency bank, federal regulators say they will fully cover deposits at both failed banks and rely on Wall Street to cover the costs. This morning, speaking on the popular Morning Drive public affairs show on WVMT, Vermont Representative Becca Balint corrected a caller who referred to the deal as a bailout and instead compared it to the proposed federal student loan forgiveness program.
“It’s not taxpayer money, and its not a bailout,” Balint said. (See video for more complete remarks).
Representative Balint’s support for the Big Tech banks comes while federal authorities are investigating a million dollar campaign contribution made by the cryptocurrency firm FTX which helped her win the Democratic primary last August.
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