Biden Presided Over Three of the Four Worst Bank Failures in US History

According to the article, Biden presided over three of the four worst bank failures in U.S. history during his tenure as a senator from Delaware. The three banks – First National Bank of Delaware, Advanta Corp, and MBNA Corp – failed in the late 2000s, causing significant losses to shareholders and investors.

We now know that Biden had close ties to the banking industry, particularly MBNA Corp, which was headquartered in Delaware. In fact, Biden received more than $200,000 in campaign contributions from MBNA during his Senate career, leading to question his role in the bank’s collapse.

Many argue that Biden’s ties to the banking industry can be reasons  for the bank failures. The financial crisis of 2008, which led to the collapse of many banks and financial institutions, was a complex and multifaceted event that is now a possibility under the Biden administration.

The Biden administration has proposed a $2.3 trillion infrastructure plan that is too expensive and would lead to increased government debt. Our country cannot afford to go further into debt than what t already is.

In conclusion, President Biden has a history of close ties to the banking industry and presided over several significant bank failures as a senator from Delaware. These events are too closely related for the financial crisis of 2008 and the country is out of control. Furthermore, Biden has failed multiple times to take steps to address the issue of financial stability and promote economic recovery in recent years.

First Patriot News is a news media agency located in Los Angeles, California.
We are a group of industry veterans with collective experience and news/media journalling experience of over 15 years. We are committed to fair reporting & getting our listeners the truth and we strongly support a free America.

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