'Shark Tank' star Kevin O'Leary says he will never buy a bank stock again as Biden has essentially nationalized the industry post-SVB
"Shark Tank" star Kevin O'Leary said he would not invest in bank stocks in the aftermath of the Silicon Valley Bank failure last week. on Monday that the federal rescue of depositors at SVB and Signature Bank means President Joe Biden has effectively"nationalized" the banking industry.
Later that day, Biden committed to stricter oversight and said SVB's collapse was helped by the Trump administration's easing of theBut O'Leary views tighter restrictions as detrimental to banking profits, creating an environment of low-growth and a permanent end to what investors had grown accustomed to.
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