Novakhov Against Taxpayer Bailout of Signature Bank
Statement by Assemblyman Michael Novakhov (R-Brooklyn)
March 13, 2023
“I am very much opposed to using taxpayer dollars to bail out Signature Bank. Taxes should be used to fund essential services, not bail out banks that have failed. The bottom line is that the failure of Signature Bank is a result of a poor economy due to decisions made by President Biden and the Majorities in the state Legislatures, taxpayers should not have to clean up their mess.”