Replies

A rare debate flub by U.S. Sen. Ted Cruz Tuesday night sparked a boomlet of social media jokes about Texas presidential candidates, but the White House hopeful's most notable moment came when discussing how he would handle a banking crisis as the country's chief executive.

It was not a flub or mistake.

Cruz did not respond to the assertion that "Oh my God, you will let all the poor shlubs get wiped out? How horrible!"

The reason he did not respond is the assertion is stupid!

We have the federal Reserve, as he mentioned, to loan the bank money, but failing that, we also have the FDIC that insures all accounts up to $250.000. So the poor shlubs, like myself, would not loose any money.Those with accounts over and above the 250K limit are taking a risk that any decent banker or advisor or accountant would advise you not to do.

So it was not a error on his part, it was a stupid statement by another and he did not respond to it.

Taxpayers should not be in the business of helping those who do stupid things. He would not have bailed out GM either. Or Chrysler, who was bailed out twice to mollify unions.