The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
Tag: CPI Inflation
Stop using the China ‘threat’ to throw more money at the Pentagon
Many want to increase already record high defense spending to confront Beijing. A new Quincy report lays out how the dangers are inflated.
Stop using the China ‘threat’ to throw more money at the Pentagon
Ms. Cat’s Chronicles 