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

Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses

As regulators rush through emergency measures to prevent further chaos following the disastrous collapse of Silicon Valley Bank, there’s a point they’re very keen to emphasize: this is not a bailout.

Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses

Related:

Joe Biden stuck around just long enough to lie about who’s on the hook for SVB bailout

Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy

Re-energized this election cycle, the tech entrepreneur joins other mega-donors apparently out to undercut the political system

Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy

Related:

The Right’s Would-Be Kingmaker (archived, as it’s behind a paywall)

Anti-Globalist?! He invests in businesses, worldwide!? I doubt that it would be possible without globalization! 🤷🏼‍♀️

The Centre of International Insecurity

The Biden administration is no longer in charge of the White House. Relying on a select network of think-tanks and their corporate proxies, the Big Defense is. What it wants, it seems to get.

The Centre of International Insecurity

Related:

Scott [Horton] is joined by Dan Steinbock to discuss an article he wrote about the network of Democratic organizations running American foreign policy. Steinbock has dug deep into the Center for a New American Security (CNAS) and WestExec Advisors, two organizations that have allowed top foreign policy officials to make money cycling between government, think tank and advisory roles. Steinbock also takes a step back and examines how these organizations are connected to weapons companies, Wall Street and technology firms.

6/27/22 Dan Steinbock: How Hawkish Democrats Make Money Pushing War

After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto

By Pam Martens and Russ Martens: June 20 , 2022 ~

On June 7, Senator Kirsten Gillibrand, a Democrat from New York who sits on the Senate Agriculture Committee which oversees commodities, and Senator Cynthia Lummis, a Republican from Wyoming who sits on the Senate Banking Committee which oversees Wall Street and trading, introduced a bill as an early Christmas present to the crypto industry. It carries the Alice in Wonderland title of the Responsible Financial Innovation Act.

After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto