In the wake of the Silicon Valley Bank ordeal, Dr. Peter Onge delivered this insightful video surrounding the question as to whether or not the FDIC bailout is, in fact, a "bailout" in the traditional sense of the term.

St Onge is a Research Fellow in the Thomas A. Roe Institute for Economic Policy Studies and the Mark A. Kolokotrones Fellow in Economic Freedom at The Heritage Foundation. He holds a Ph.D. in Economics from George Mason University, and a B.A. in Economics and Political Science from McGill University.

Before joining the Heritage Foundation, Peter was a fellow at the Mises Institute, a senior fellow at the Montreal Economic Institute, and an assistant professor of International Trade and of Marketing at Taiwan’s Feng Chia University. Before academia, he held senior strategy and marketing positions at Harris Corporation of Florida and Takara Toys, Ltd. of Japan. He has lived extensively in Mexico, Brazil, Canada, Japan, and Taiwan, and speaks fluent Spanish, French, Japanese, and is conversational in Mandarin.