[1]continue reading

John, this past weekend we witnessed a watershed moment in the
way the American people view our banking institutions. Today could have
turned out very differently than it did if it weren't for the help of the
Biden administration. 

A quick recap: Silicon Valley Bank has gone under and their executives, as
President Biden put it, "were fired." The stockholders of Silicon Valley
lost their money - and while capitalism can backfire on those who hold a
lot of the wealth, lower and middle-class Americans bare the majority of
the consequences. California regulators intervened, shutting the bank down
and placing it in receivership under the Federal Deposit Insurance
Corporation, which typically means liquidating bank assets to pay back
depositors and creditors. This process could take months, and in the
meantime, innocent everyday Americans would have felt the brunt of the
consequences through no fault of their own.  Janet Yellen, the U.S.
Secretary of the Treasury, and President Biden made it a priority that the
depositors of the bank would be made whole and would not have to wait. 

To contrast, we know that Trump would have used this as an opportunity to
showboat and make the public panic for his benefit. We as Democrats are
focused on the American people and their livelihoods. We at No Dem Left
Behind started receiving emails from our vendors/partners that their
billing and companies are in danger of interruption.  

This would have devastated all of us, created a market collapse, and more.
But, this is the exact reason 81 million Americans trusted President
Biden.
[ [link removed] ][IMG]Had the Federal Government not acted the way it did, there is a
very good chance we could be looking at a run on regional banks all across
the country today. Chase and Goldman Sachs would have benefited and
everybody else would have suffered. Leadership at a time of turmoil,
economic or otherwise, is when our leaders are tested and it is in their
leadership that we trust. This is why we elected President Biden and why
we need to make sure he is re-elected. 
[ [link removed] ]Help us get a head start on the way to 2024 and help us re-elect
President Biden!

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John, this is the message that we would like middle and rural
America to know. This is the kind of support and concern for the American
people that the Biden administration treats with such importance. Thank
you for helping us spread that message.

[7]Hassan
- Hassan Martini
Executive Director
No Dem Left Behind




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