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Cynthia Lummis: “Those banks were not insolvent.”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds

Published August 1, 2025 | Video Starts at 19:59

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 them into insolvency because they didn't like their customers. That was it. (19:59–20:03)

CLAIM

Asserts that the banks mentioned were not insolvent before government intervention.

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.

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Cynthia Lummis

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