Posted by James Madison of American Media Periscope
Mr Biden does not have the nickname ‘Beijing Biden’ by accident. In February of 2022, President Trump’s FDIC Director resigned citing what she termed a ‘hostile takeover’ by the Biden administration. She used the term ‘appalled’ to describe her assessment of the move. The FDIC is supposed to insure deposits in banks but it has now been used to bail out Silicon Valley Bank and Signature Bank, both of which had several things in common. First, both banks were run by leftists who donate to Democrats. Second, Signature Bank has long serving Democrat Congress member Barney Frank as a member of its Board of Directors. And third, Silicon Valley Bank had a large number of Chinese Venture Capitalists. When you assess the total of these three elements, it becomes very difficult to believe that this decision was not political.
It has now been revealed by the Claremont Institute that Silicon Valley Bank donated almost $74 million to Black Lives Matter and other similar causes. This should not come as a surprise as in August of 2020 Silicon Valley Bank issued what they termed a ‘Diversity, Equality and Inclusion’ (DEI) report which contained the statement that ‘we are committed to increasing diversity, equality and inclusion in our workplace with our partners across the innovation economy’. The bank has been hosting what it terms DEI town hall meetings for the purpose of what they termed ‘greater transparency and dialogue around our workforce’. Those who attend were encouraged to participate in what was called the Tech Gives Back program which sounds charitable until one examines the various programs funded and virtually all could be termed ‘woke’ liberal causes so this was political in nature as opposed to humanitarian. In addition, Silicon Valley Bank partnered with forty four organizations for further DEI which clearly shows that this bank was in many ways a money conduit for funding left wing sociopolitical causes.
Israeli Firms Transferred $1 Billion Out of Silicon Valley Bank to Israel Before Seizure by Feds
Mar. 13, 2023
Israeli firms managed to transfer $1 billion out of Silicon Valley Bank to accounts in Israel just before the bank was seized by the feds, the Times of Israel reports.
From The Times of Israel (via If Americans Knew:):
Israel’s two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel. Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said.
If Americans Knew has more:
Israel’s Ha’aretz newspaper reports that “a good many Israeli companies had been able to get their money out in time, but that it was clearly not the case for everyone” and that “companies whose deposits are now locked will seek to conceal this, concerned that any rumors might drive away customers, suppliers and employees.”
The FDIC has announced an emergency bailout program that will pay depositors 100% of the money they had in the bank. It’s unclear whether this U.S. money will go to Israeli companies. Israel already receives over $10 million per day from American taxpayers.
The Washington Post reports: “While the fund going to the depositors is paid into by U.S. banks, it is ultimately backstopped by the Treasury Department — and therefore U.S. taxpayers.”
How nice of Treasury Secretary Janet Yellen to look the other way while these funds were transferred out.