{"id":1875618,"date":"2023-03-13T13:11:26","date_gmt":"2023-03-13T17:11:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-senator-asked-about-censoring-info-that-would-cause-bank-run-massie-says\/"},"modified":"2023-03-13T13:14:29","modified_gmt":"2023-03-13T17:14:29","slug":"dem-senator-asked-about-censoring-info-that-would-cause-bank-run-massie-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-senator-asked-about-censoring-info-that-would-cause-bank-run-massie-says\/","title":{"rendered":"Dem Senator Asked About Censoring Info That Would Cause Bank Run, Massie Says"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdem-senator-asked-about-censoring-info-that-would-cause-bank-run-massie-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875618&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><span>Rep. Thomas Massie (R-KY) mentioned Sunday that no less than one Democrat senator needed to censor what info is on the market to the general public within the wake of Silicon Valley Financial institution\u2019s <a href=\"https:\/\/www.dailywire.com\/news\/regulators-shut-down-major-tech-bank-after-run-on-savings\" target=\"_blank\" rel=\"noopener\">collapse<\/a> final week.<\/span><\/p>\n<p><span>In a tweet Sunday, Massie mentioned an unnamed Democrat senator had requested what choices the federal government has to censor info that might trigger a run on the banks.<\/span><\/p>\n<p><span>\u201cJust got off of a zoom meeting with Fed, Treasury, FDIC [Federal Deposit Insurance Corporation], House, and Senate,\u201d Massie tweeted.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Simply received off of a zoom assembly with Fed, Treasury, FDIC, Home, and Senate.<\/p>\n<p>A Democrat Senator primarily requested whether or not there was a program in place to censor info on social media that might result in a run on the banks.<\/p>\n<p>\u2014 Thomas Massie (@RepThomasMassie) <a href=\"https:\/\/twitter.com\/RepThomasMassie\/status\/1635074378454147074?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/p>\n<\/blockquote>\n<p><span>\u201cA Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks,\u201d Massie added.<\/span><\/p>\n<p><span>Silicon Valley Financial institution, a well-liked financial institution for U.S. tech startups, confronted a sudden financial institution run on Friday. The disaster spiraled into the most important American financial institution failure since 2008.<\/span><\/p>\n<p><span>The chaos kicked off on Wednesday when Silicon Valley Financial institution introduced that it had offered a considerable amount of securities, dropping $1.8 billion, and was planning to promote $2.25 billion in new shares to offset the loss.<\/span><\/p>\n<p><span>This brought on enterprise capital companies to reportedly advocate corporations take their cash out of the financial institution. The financial institution\u2019s clients tried to withdraw about $42 billion, and the financial institution ran out of money.<\/span><\/p>\n<p><span>Over the course of Thursday, the financial institution\u2019s inventory nosedived 60%.<\/span><\/p>\n<p><span>The panic started to unfold past Silicon Valley Financial institution on Thursday. Buyers utilizing different banks began to withdraw their cash as effectively, worrying {that a} disaster just like 2008 was starting. This brought on these banks\u2019 inventory to sink too.<\/span><\/p>\n<p><span>On Friday morning, buying and selling of Silicon Valley Financial institution\u2019s shares was halted, and California regulators shut down the financial institution about 48 hours after the disaster started.<\/span><\/p>\n<p><span>SVB was 40 years previous and the Sixteenth-largest U.S. financial institution earlier than it was shuttered.<\/span><\/p>\n<p><span>Massie mentioned the response to the Democrat senator\u2019s query was, \u201cWe will get back to you on that.\u201d<\/span><\/p>\n<p><span>Massie additionally responded to a Twitter consumer who commented that whereas they&#8217;re anti-censorship, \u201cspreading unfounded rumors to promote a run on a bank\u201d is akin to \u201cyelling fire in a crowded theater.\u201d<\/span><\/p>\n<p><span>\u201cWhat about yelling fire in a theater that\u2019s on fire?\u201d Massie replied.<\/span><\/p>\n<p><span>Censorship has develop into a flashpoint within the political debate during the last a number of years, particularly within the wake of the 2020 election and the pandemic. The Biden administration <\/span><a href=\"https:\/\/nypost.com\/2022\/12\/26\/biden-admin-pushed-to-ban-twitter-users-for-covid-disinformation\/\" target=\"_blank\" rel=\"noopener\"><span>pressured<\/span><\/a><span> social media corporations to censor details about COVID that <\/span><a href=\"https:\/\/www.nationalreview.com\/news\/twitter-files-platform-suppressed-valid-information-from-medical-experts-about-covid-19\/\" target=\"_blank\" rel=\"noopener\"><span>bucked<\/span><\/a><span> the mainstream line of thought. Final month, Home Republicans grilled former Twitter workers about whether or not the FBI pressured the corporate to censor the Hunter Biden laptop computer story forward of the 2020 election.<\/span><\/p>\n<p><span>On Monday, President Joe Biden promised taxpayers wouldn&#8217;t shoulder the price of Silicon Valley Financial institution\u2019s failure.<\/span><\/p>\n<p><span>\u201cNo losses will be \u2014 and this is an important point \u2014 no losses will be borne by the taxpayers; let me repeat that, no losses will be borne by the taxpayer,\u201d Biden mentioned on the White Home.\u00a0<\/span><\/p>\n<p><span>\u201cInstead the money will come from the fees that banks pay into the Deposit Insurance Fund,\u201d Biden mentioned.<\/span><\/p>\n<p><span>Silicon Valley Financial institution\u2019s clients may have entry to their cash on Monday, Biden mentioned.<\/span><\/p>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.dailywire.com\/news\/dem-senator-asked-about-censoring-info-that-would-cause-bank-run-massie-says\">Dem Senator Requested About Censoring Data That Would Trigger Financial institution Run, Massie Says<\/a>&#8220;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rep. Thomas Massie (R-KY) said Sunday that at least one Democrat senator wanted to censor what information is available to the public in the wake of Silicon Valley Bank\u2019s collapse last week. In a tweet Sunday, Massie said an unnamed Democrat senator had asked what options the government has to censor information that could cause<\/p>\n","protected":false},"author":107,"featured_media":1891253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[5373,8297,6244,4232,4850,9250,4012],"class_list":["post-1875618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bank","tag-censoring","tag-dem","tag-info","tag-massie","tag-run","tag-senator"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875618"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1891253"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}