WND 
By Bob Unruh
The recent failures of big banks in America are not because the system is failing.
It’s not because there’s an overall banking crisis.
It’s not because there aren’t enough bank regulators.
It’s because of Joe Biden’s inflation and his spending of trillions of dollars.
That’s according to an analysis by Steve Moore, the chief economist at FreedomWorks, who talked about his conclusions in an interview with Fox News.
Two banking corporations failed on Friday and over the weekend, and analysts have linked their problems to their investment in low-interest bonds, and the subsequent push to make interest rates higher in an effort to tamp down the inflation that has developed under Biden’s economic policies.
“I agree with the president that we don’t have an overall banking crisis,” Moore explained. “The system is sound, but I do think you have a lot of major banks that are in some trouble.
“And SVB, the Silicon Valley Bank, may just be the tip of the iceberg here,” he said.
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