struggles that americans are facing. as the president faces accusations of bailing out wealthy democratic tech donors. the consumer price index is out for the month of february, rising .4% from january, up 6% over last year. food costs are up nearly 10% as a whole, and i don t have to tell you that basic staples like eggs jumped 55%. while gas is down ever so slightly, other energy costs are sky high. and the biggest bank failure since the 2008 disaster is adding to the country s economic concerns. it is also fueling a partisan blame game. republicans blast president biden s response to the silicon valley bank collapse, accusing him of giving special treatment to some of his party s biggest donors. while the white house is busy pointing fingers at the last administration. typical. thanks to quick action of my administration the past few days, americans can have confidence that the bank system is safe. during the obama biden administration, we had tough on banks, including t
whether somebody knew that something within can happen. all of a sudden they set him in a semi- stocks because i know that the stock will go down. and that you can t do that. though serious legal ramifications. we will have to see what happen i know the story is breaking th wall street journal writes the following coding the investigations are examining stock sales that silicon valley financial officer as it made it days before the bank failed. the justice department probe involves the departments of fraud prosecutors in washington and san francisco. is there a need to pin this on somebody else a? is someone else going to get penned with this? i m not surprised at the justice department has launched an investigation. you have to ask it, did svb go under because of some kind of malfeasance? was there lying going on? was their misrepresentations to the market. think about this of the federal government is investigating
the justice department is investigating any involvement, the department s fraud prosecutors in washington and san francisco can uncover as well. the svb financial chief executive greg becker didn t return a phone message seeking comment. i don t think we are shocked about that, but you can bet they re going to be really, really pushing. they re going after the california lender, taken over by regulators last week amid historic run on deposits, and it is all the same which you were saying, jake, in terms of what they were doing with the money. not months ago necessarily but days and moments before the bank failed. what about bonuses paid running out the door the last few weeks. just to make another point, the effect of what the biden administration did, all banks will now take more risk because guess what, you know you re backed up. that s what the moral of the story is. i find it ironic the sec is investigating them
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