-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)
There is already a system wide financial crash coming. They even (FDIC) had a meeting about it last October.
Further, Citadel and other companies sent letters to the SEC begging them not to update a set of rules because that would cause a market catastrophe (early)