US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

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

UPDATE: ‘Do not exaggerate importance of America’s equivalent to Wagner Group PMC’ says Russia

RUSSIA’S Press Secretary to the President, Dmitry Peskov, spoke on Thursday, February 2, about the news that the Mozart Group, America’s answer to Russia’s Wagner Group – Putin’s network of mercenaries and de facto private army – was apparently ‘leaving’ Ukraine and said not to exaggerate the PMC’s significance.

UPDATE: ‘Do not exaggerate importance of America’s equivalent to Wagner Group PMC’ says Russia

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