Delaware Valley Journal

McCormick: Biden SVB Bailout 'Crosses the Line' Into Moral Hazard


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Businessman and 2020 GOP U.S. Senate candidate Dave McCormick joins the DVJournal podcast to talk about his new book, Superpower in Peril:  A Battle Plan to Renew America. 

He also talks to DVJ News Editor Linda Stein about current events, including the Biden administration's "don't call it a bailout" rescue of Silicon Valley Bank's depositors. McCormick says guaranteeing every depositor dollar -- far above the $250,000 protected by FDIC insurance -- creates "moral hazard" and could be setting a very expensive precedent for U.S. taxpayers.

From TikTok to a failing education system, McCormick lays out his concerns about the perils facing America's future. But he also offers solutions as well.
 
Could those solutions be part of a 2024 U.S.Senate bid? It's all part of the podcast.

Hosted by Michael Graham.

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Delaware Valley JournalBy Delaware Valley Journal

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