‘Time To Buy Gold’: Tucker Carlson Reacts To ‘Second Biggest’ Bank Failure In American History

Fox News host Tucker Carlson said Friday that the collapse of Silicon Valley Bank was similar to a “bank run” from 1929 and the collapse of the cryptocurrency exchange FTX.

“We’re starting to get a better, more precise sense of what it means when Joe Biden brags about the strongest and most equitable economic recovery in history,” said Carlson, a co-founder of the Daily Caller News Foundation.

“What it means is it could be time to buy gold and stockpile food.”

Federal regulators shut down Silicon Valley Bank Friday after its stock price collapsed and customers began a bank run following the financial institution’s disclosure of a $1.8 billion loss on asset sales due to high interest rates, CNBC reported.

Carlson noted the efforts by depositors to get their money back.

“What we have there is a 1929-style bank run, and that’s not a good sign for anyone. The question is whether the people who run SVB saw it coming. The CEO, a man called Greg Becker, apparently sold more than $2 million in bank stock in the last two weeks,” Carlson said.

“According to the site Unusual Whales, several other high-level employees of SVB including chief marketing officer Michelle Draper, COO Phil Cox, general counsel Michael Zucker, all sold significant amounts of stock in SVB this year.”

“Did those employees know their bank was in trouble? We don’t know. Once again, where were the regulators?” Carlson asked. “They were supposed to prevent this. Once again, we don’t know. And the business press? Supposed to be telling ordinary people what’s happening with business.

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