This week, First Republic Bank went under, bought out by JP Morgan Chase. Though Market Watch says such a purchase should calm the market, we’re not out of the woods yet until we reestablish those banking rules done away with during the Trump Administration in 2018 that put us back to where we were just before the Great Recession of 2008.

When Silicon Valley Bank went under earlier this year, Donald Trump tweeted "With what is happening to our economy, and with the proposals being made on the LARGEST AND DUMBEST TAX INCREASE IN THE HISTORY OF THE USA, TIMES FIVE, JOE BIDEN WILL GO DOWN AS THE HERBERT HOOVER OF THE MODRRN [sic] AGE."

John A. Tures is a professor of political science at LaGrange College in Georgia. He can be reached at jtures@lagrange.edu. His Twitter account is @JohnTures2.