GOP 2024 Candidate Ramaswamy Says Feds Should Let Silicon Valley Bank ‘Fully Fail’

'Let whoever wants to acquire SVB actually do the deal'

Republican presidential candidate Vivek Ramaswamy speaks during CPAC at the Gaylord National Resort Hotel And Convention Center in National Harbor, Md., on March 3, 2023. Anna Moneymaker/Getty Images

GOP 2024 presidential candidate Vivek Ramaswamy has called for restraint by the federal government in its response to the swift collapse of tech-sector darling Silicon Valley Bank (SVB) over the weekend, amid calls against more taxpayer bailouts for bank failures.

Ramaswamy, an entrepreneur and biotech investor, suggested on Saturday night that the best way for regulators to handle SVB’s failure was to “let SVB fully fail.”