Biden's Bank Rescue Sparks Controversy and Twitter Outrage.

President Biden's rescue of Silicon Valley Bank has sparked criticism from GOP senators who argue that taxpayers will ultimately foot the bill through higher bank fees. They also question the creation of a new lending facility by the Federal Reserve and the designation of Signature Bank as a systemic risk. Republican views on the rescue are mixed, with some praising the administration's moves as appropriate, while others are hammering the Biden administration for trying to frame its interventions as something other than a bailout.