After Largest Bank Failure Since 2008, Nancy Mace Says Now Is Not the Time for Politics
The South Carolina representative seems to want to “thoughts-and-prayers” bank regulation.
As federal and state regulators rush to contain the fallout from the collapse of Silicon Valley Bank and Signature Bank, Representative Nancy Mace wants to make sure that we don’t politicize the situation.
The South Carolina Republican called out Elizabeth Warren on Monday night for discussing the inherently political issue of bank regulation. Warren, a.k.a. the person who would know best, slammed Congress and the Federal Reserve in a New York Times op-ed for failing to step in and prevent the banks’ failures.
“Idk, probably shouldn’t politicize such a serious issue. Also your statements are irresponsible, false and poorly timed,” Mace tweeted.
Republicans have already been fast to blame literally anything but deregulation of the financial industry for the SVB and Signature breakdowns, particularly (mind-blowingly) diversity. But Mace is the first to say that rather than place blame anywhere at all, we should just thoughts-and-prayers away the problem.
Naturally, the internet had some thoughts.
Mace has developed a reputation for pandering to the left while voting staunchly with the right. She condemned Donald Trump’s role in January 6 but didn’t vote to impeach him. She says her party is becoming too anti-choice but continues to vote for anti-abortion measures.
But it’s not entirely clear what she hopes to achieve with her tweet. It’s not as if there’s a “little guy” to stick up for here. If anything, Mace is the one making “irresponsible, false and poorly timed” quips.