The Biden gang has introduced that they aren’t going to bail out each financial institution like they did with Silicon Valley Financial institution (SVB), solely the banks they like.
Final week the Biden gang bailed out SVB. We reported on the connections between SVB and China’s enterprise capital enterprise. SVB was the bridge for Chinese language enterprise capitalists to get to US {dollars}.
When Biden bailed out SVB depositors in full, he bailed out China’s enterprise capitalists. A few of these entities backed China’s aerospace and protection ventures.
Be aware that Biden didn’t bail out the shareholders of SVB, solely the depositors in full, who earlier than the financial institution’s collapse, the 2nd largest financial institution in US historical past to fail, had been solely assured as much as $250,000. Biden bailed out billions in account balances above this FDIC-insured quantity.
Biden didn’t solely bail out the Chinese language enterprise capital sector he additionally bailed out quite a few far-left causes that had giant deposits in SVB.
Based on the Washington Free Beacon, Biden bailed out the next:
Gavin Newsom
California Gov. Gavin Newsom’s (D.) trio of wineries are purchasers of the failed monetary establishment, as is the governor himself. He has maintained private accounts on the failed financial institution for years, the Intercept reported, citing a former Newsom aide. Newsom’s efforts to rescue Silicon Valley Financial institution’s purchasers might additionally put him on the flawed aspect of the regulation. California regulation prohibits elected officers from influencing official issues wherein “the official has a monetary curiosity,” Insider reported…
BuzzFeed
Liberal on-line media firm BuzzFeed revealed to traders Monday that it held $56 million in money and money equivalents as of the tip of 2022, nearly all of which was held at Silicon Valley Financial institution. The information capped off a not-so-banner 2022 fiscal 12 months for BuzzFeed, wherein the corporate weathered a internet lack of $201.three million, laid off 40 p.c of its newsroom, and noticed its inventory value plummet by 90 p.c…
Vox Media
Vox Media, the mother or father firm of dozens of liberal information corporations together with Vox, New York journal, the Verge, and Polygon, disclosed in information tales that it banked with Silicon Valley Financial institution earlier than its collapse.
Not like BuzzFeed, Vox has disclosed its monetary connection to the failed financial institution in information tales this week. That hasn’t stopped the outlet, nonetheless, from carrying water for the Biden administration. On Tuesday, for instance, it printed a narrative mocking issues that Silicon Valley Financial institution’s fixation on woke initiatives could have contributed to its demise…
Black Lives Matter
Whereas Black Lives Matter isn’t a recognized consumer of Silicon Valley Financial institution, the financial institution’s premature failure marks the tip of a major gravy practice for the motion.
Silicon Valley Financial institution and its staff contributed greater than $73 million to the Black Lives Matter motion and associated causes since 2020, in response to a database maintained by the Claremont Institute.
And there you’ve got it. And that’s that. Simply extra huge corruption from the all the time corrupt Democrats socialists.
