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Steve Bannon: “Silicon Valley comes...we need a $500 billion bailout…”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 42:16

Just like the lords of easy money on Wall street came to the Federal Reserve and the treasury for a bailout and no working class or middle class people, you know this in California got a bailout. They paid for the bailout … Silicon Valley comes...we need a $500 billion bailout because of the Sputnik moment. … And it's created in the Silicon Valley and I understand at the beginning there was rationale for this, but now it's not. And it's got to be. (42:16–42:36)

CLAIM

Asserts that Silicon Valley is seeking a $500 billion bailout.

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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“The Federal Reserve's balance sheet went from $880 billion to I think, four and a half [trillion].”
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“The bond market has turfed out more governments than howitzers.”
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“President Trump wants to go back to more external revenue. That's part of the tariffs he looks at.”
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