-SVB was woke AF and tied to woke companies and causes
-In 2021, SVB loaned $95 mil to a guy who used fake docs, got the loan two months after asking, and was indicted the month after for bank fraud
-Massive amount of Chinese money in the bank, and they do ventures with China
-2,200 Chinese clients between their two China-based banks
-SVB’s chairman was living and working in China for a time
-SVB is one of the banks recently subpoenaed by the US Virgin Islands in their lawsuit over Epstein’s enterprise
-a large chunk of tech and biotech companies bank with SVB
This is the bank of choice for many Tech Oligarchs and I get a Swampy feeling about it, y’all.
This makes me wonder…
Are those screaming the loudest for a rescue doing so because they care so much about America and its financial well-being…
Or, is it because THEY need a rescue and care so much about THEIR financial well-being?
(JustHuman)
Receipts:
https://threadreaderapp.com/thread/1634535049646202882?refresh=1678578651
https://twitter.com/nimkef/status/1634613599242010624?s=46&t=J8nw1B_OoFTMeIvB3c_NaA
https://twitter.com/nimkef/status/1634618907091714048?s=46&t=J8nw1B_OoFTMeIvB3c_NaA
Lehman Brothers backup go boom?
Some indicators that SVB was setup as a "backup" to Lehman Brothers just prior to financial collapse and LB implosion in 2008. Look at personnel ties and methods of operations. It is reasonable to argue that SVB = Reincarnated Lehman Brothers. Big transfer of capital and personnel. If one digs you may also find favorable "bailout" loans provided to SVB from Federal Reserve/Treasury in the 2008-2010 timeframe.
Always a good sign when a cabal backup gets imploded. Reference Saudi Arabia events of 2017 which also appeared to be the backup vector of attack to destroy the US (in case CCP gets stopped) getting imploded.
Note that Bear Stearns failed 3-16-2008, but it wasn't until 9-15-2008 that Lehman Brothers failed. I'm wondering if we are seeing a similar scenario playing out with a big failure in March and then everything held together with duct tape and cardboard until the next big failure in Aug-Oct time frame.
The Debt Ceiling restriction appears to be creating massive liquidity issues, and might get resolved in July which may indicate implosions going to happen before that.