US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Geopolitical Economy Report
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Neoliberal Senate Democrats Join Republicans in Refusing New Bank Regulations
The Fed blocked mention of regulatory flaws in Silicon Valley Bank rescue. Jerome Powell, the chair of the U.S. Federal Reserve, blocked efforts to include a phrase mentioning regulatory failures. The rich get bailed out and the poor and working people have to suffer because they don't want regulation. That's how this scam always works. These are neoliberal Democrats joining the GOP in resisting new bank rules after S.VB. failure.
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