via businessinsider:
California Gov. Gavin Newsom lobbied the White House and the Department of the Treasury about the pending bailout of Silicon Valley Bank, even as three of his private wineries had apparently been among the bank’s clients, according to a Tuesday report by Ken Klippenstein of the Intercept.
According to Klippenstein’s reporting, Newsom’s personal relationship with SVB went beyond the wineries. One anonymous former employee who handled Newsom’s finances told Klippenstein that Newsom “maintained personal accounts at SVB for years.”
It is unclear whether those personal accounts were still active at the time of the bank’s collapse last week. If they were, Newsom could have stood to benefit directly from the Biden administration’s rescue package, which will reimburse SVB account holders even if their balances surpass the $250,000 limit insured by Federal Deposit Insurance Corporation.
- Michael Burry Scatter Chart of the Coming Bank Failures
- We Are in the Eye of the Hurricane – What Happens Next?
- Here is a detailed list of privacy oriented Search Engines I’ve found that won’t leave information conveniently under the rug
- WSJ: Two Hundred Banks At Risk Of Bankruptcy
- Scientists sound the alarm as plastic waste forms rocks off coast of Brazil
- Cop car decides its had enough. Just runs over a bunch of people standing in its way…
- If Trump Is Arrested Next Week, He Will Win Re-Election in a Landslide
- 6th-grader is sentenced to 1-day-hard-labor for refusing to listen to CNN’s lies and propaganda.
- Stand Up Comedy Clip “Chinese Spy Balloon” by comedian Jim Breuer
- OPRAH STANDS TO LOSE $590 MILLION AFTER COLLAPSE OF SVB
Views: 18