-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)
I was saying this same thing the other day. They want this "bank" to go away, hide paper trails, and avoud questions. Interesting thing to me was the Fed taking it over so quickly. "We got this, look over there instead"