Karine Jean-Pierre Can’t Even Answer Basic Question on Banking
On 3/16/2023, White House Press Secretary Karine Jean-Pierre couldn’t even answer a basic question on banking when asked if Biden supports or opposes further bank consolidation.
Reporter: So the Biden administration has expressed a lot of concern in the past about consolidation in other sectors. You’ve spoken about meatpacking, shipping, ocean shipping, oil companies. Are you worried that this crisis surrounding several regional banks could lead to a consolidation, a concentration in the larger banking sector? And — and then I’ll have another one.
MS. JEAN-PIERRE: So, promoting competition in our — in the American economy, we see that as a priority … promoting capita- — capitalism — sorry, competition — pardon me — specifically encourages the Justice Department — in consultation with the Fed, the FDIC, and Comptroller of the Currency — to revitalize merger and oversight …
Reporter: But, I mean, the question is: Are you concerned, and what can you do about it? You know, to ev- — as — as consumers are now making decisions, having seen what happened with SVB and with Signature, what’s happening now with First Republic, you know, what tools do you have to push back against a further concentration in this critical sector?
MS. JEAN-PIERRE: So, look, as it relates to specific banks and institutions, you know, I would — I would — I would refer you to the relevant banking regulators. So I’d leave that there. And that’s why the President — but, more broadly …
Karine Jean-Pierre: Biden Only Approved Alaskan Willow Project Because His Hands Were Tied By Law
Reporter: What is the White House’s reaction to environmental activists critical of the Biden administration’s approval of the Willow oil project? They argue that the President has undermined his own goals on climate change in approving this.
MS. JEAN-PIERRE: So, a couple of things there. Look, the President — you know, when it comes to — you’re talking about the Willow project?
Reporter: Yeah, the Willow oil project.
MS. JEAN-PIERRE: Look, the President kept his word when he — when he can — where he can by law. Right? That is important to note. And as the Interior Department said, some of the company’s leases are decades old, granted by prior administrations …
Reporter: And so, is it the position of the White House that there was no other option other than approving the permits for the project?
MS. JEAN-PIERRE: Well, I just laid out there was — there were — those — the lega- — there was a legal right to — they had legal right to those leases. Right?
And he — the President is going to do what he can under the — as the law permits.
And so, again, this is a President who has delivered on the most aggressive climate agenda in the U.S. history. And he’s going to continue to do that.
785 Days After Biden Took Office, Karine Jean-Pierre Says “We’re Going To Secure The Border”
Both Silicon Valley Bank and Signature Bank shut down after they were unable to produce enough cash for depositors. The Biden Regime bailed out the depositors and covered deposits over the $250,000 FDIC insured threshold. On 3/16/2023, a reporter asked Karine Jean-Pierre if Joe Biden supports further bank consolidation in the US. The Biden Admin won’t say who will get a bailout and who won’t. The US government is picking and choosing the winners and losers and many are worried about bank consolidation. If the smaller regional banks fail, only the big banks will be left. Karine Jean-Pierre punted the question to the “relevant banking regulators” before incoherently rambling about Joe Biden.
KJP couldn’t even answer basic if opposes further bank consolidation, Willow Project Because His Hands Were Tied By Law