If you're confused about what's going on with SVB, here's what I think and the evidence to back it up.
The bank is corrupt & offered good rates to VC start-ups - most of them from Communist China working on Artificial Intelligence & Climate Change.
97% of depositors had OVER $250,000 invested in the bank so they are not FDIC insured. Only depositors with less than $250,000 are FDIC insured. Why did they take that risk? For better rates. So, it's their fault.
The bank didn't invest properly and the balance sheet sucked. So the executives knew trouble was coming so they sold their stock and gave themselves bonuses.
Peter Thiel figured out what was going on and told his investors to pull out their money. He hates AI and I wonder if he helped take it down. Once Peter Thiel did that - others followed and the bank collapsed. The bank had no money left. Peter Thiel got out all his money in time.
Now, the Big Tech guys and the Wall Street tycoons want taxpayers to bail out the VC investors who were UNINSURED and working with the CCP on WOKE AI technology to use AGAINST the people.
I say NO. It's another scam. Not only that but the CEO of SVB has ties to the Chinese Communist Party and the Federal Reserve! How shady is that!!
The only contagion will be created by THEM to make us cave. Let them bail out themselves - or let another bank buy SVB. Nobody is going to bail out you or me if we take massive risk like this!
The very people who used to protest against Wall Street joined Wall Street and Big Tech and are the oppressors! They're using OUR money to push their WOKE agenda down our throats and silence us if we disagree. That is the very definition of FASCISM.
I'm tired of being ruled by fascist Oligarchs and crooks like Zuckerberg, Gates, Bezos, Obama, Fink, Musk, Griffin, Singer, Koch, McConnell, Pelosi, Murdoch, Ryan and Cohn.
They are not on our side. They are not on America's side. They are anti-God & anti-freedom - except for themselves. They sold us out. Please do NOT bail them out so they can do it all over again!
Does that make sense? Do you have anything to add? Do so in comments! Thanks!
Before the SVB collapse, executives sold shares.
Gregory Becker, CEO, sold 11% on Feb 27, 2023.
Michael Zucker, Counsel, 19% on Feb 5.
Daniel Beck, CFO, 32% on Feb 27.
Michelle Draper, CMO, 25% on Feb 1.
The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators
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