US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Geopolitical Economy Report
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Silicon Valley Oligarchs Are Trying to Describe SVP as Some Regional Bank Helping the Common Man
The Silicon Valley oligarchs are trying to portray themselves as people resisting the big four banks on Wall Street. When in reality, they're in cahoots with those banks. That's why 93% of the depositors in Silicon Valley bank were big people over the FDIC, $250,000 insured limit. And that's why 56% of loans at SVP were going to venture capital firms and private equity firms. These are the rich who are working with the investment banks onWall Street. The best description I've seen debunking this nonsense propaganda is from a website Wall Street on Parade.
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