Look what happened in the way banks were supervised in the last four years. Choke point 2.0 brought about a government caused failure of two banks. Those banks were not insolvent. The Federal Reserve and the FDIC pushed [two banks] into insolvency because they didn't like their customers. That was it. They didn't like it that banks were providing banking services to digital asset companies, to Melania Trump, to the children of the now president. They targeted those people. (20:03–20:15)
CLAIM
Asserts that the Federal Reserve and FDIC caused the failure of two banks due to customer preferences.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
