PolitiQuote

Discover video-sourced quotes by politicians

Tim Scott: “Two of the three largest bank failures in American history…”

Featuring: Tim Scott, Republican | U.S. Senate, South Carolina

Watch on YouTube

Watch Warren's Fiery Clash With Bessent Over Affordability

Published | Video Starts at 11:16

We'll work on that. Secretary, I'd love to give you a couple minutes to respond to some of the things the ranking member said, starting with the fact that Two of the three largest bank failures in American history happened under President Biden, not President Trump. Correct? Correct. Number two, under President Biden, we saw devastation in household after household after household. He dug a big hole where the average family was losing at the end of his term, over $1,000 a month in spending power. (11:16–11:25)

CLAIM

Asserts that two of the three largest bank failures occurred during President Biden's administration.

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.


Tim Scott

Discover more from

Tim Scott

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.