Posted on 03/14/2023 10:10:38 AM PDT by Twotone
During a conference call about the Silicon Valley Bank bailout yesterday, Senator Mark Kelly (D-AZ) asked representatives from the Federal Reserve, Treasury Department, and the Federal Deposit and Insurance Corporation (FDIC) if they had a way to censor information on social media to prevent a run on the banks, according to Republican members of the House of Representatives who were on the call.
The members said there were roughly 200 people on the Zoom call, including Senators, House members, and staff members from both parties. “On our conference call, led by [Senate President Chuck] Schumer, with Fed, FDIC, and Treasury, a democrat senator asked the three agencies if there was a program underway on social media to censor information that would lead to a bank run,” Rep. Thomas Massie told Public.
“I believe he couched it in a concern that foreign actors would be doing this,” said Massie, “but he didn’t suggest the censorship should be limited to foreigners or to things that were untrue. The people from the three agencies couldn’t answer him and just sort of took a pass on the question.”
Calls both to Sen. Mark Kelly’s Arizona and Washington D.C. offices were not answered.
Rep. Lauren Boebert tweeted, “On a briefing with Biden Under Secretary of the Treasury Nellie Liang regarding the SVB [Silicon Valley Bank] BAILOUT they are working towards and a member asked if they were reaching out to Facebook and Twitter to monitor misinformation and ‘bad actors.’”
Rep. Dan Bishop, Chairman of the Subcommittee on Oversight, Investigations, and Accountability, confirmed the accounts of Massie and Boebert, and a representative for Boebert’s office confirmed that the “member” she was referring to was a Democratic Senator.
(Excerpt) Read more at public.substack.com ...
I grew up during the cold war in W. Germany mostly.
Back then, we made jokes about the commies with their censorship and propaganda.
Funny how things change in time.
He should take a one way rocket to Mars.
Comrades! President Brandon has assured us that America’s banks are secure. Anything to the contrary is dis/mis/mal information likely spread by Putin/Trump/Deplorables and our government and the media have a sacred duty stop the spread of rumors which could damage our Leader’s narrative.
Isn’t this the anti gun idiot that went out and bought an AR15?
Republican Senators, if there are any real ones, should be making motions for Ethics Violations and Censuring this POS for these Un Constitutional and ILLEGAL Acts.
If true, then he has unmasmed himself an ot just un-American, but overtly anti-American.
The authoritarian state “Go-To” to solve any problem.
Those far left, “democrazy”-loving, turd rollers sure do love their censorship gig.
Senator Mark Kelly pinging Moody’s.
Yes, censor any impending bad news. That will buy time for insiders to dump their stocks.
The Democrats forgot their own hero’s rule:
“The only thing to fear is fear itself.”
Bwahahahahahahaha.
Just say the words “bank run” and they start howling at the moon.
Evidently Mark doesn’t understand how telephones work either. Once a run starts, word spreads. The guys yapping over the weekend were very late to the party.
Like Mushrooms ?
At least said Senator is identified. And he used the rhetoric used against Trump and those who question US actions in Ukraine.
And its not so much that the people from the "three agencies" couldn't answer, but that they wouldn't answer to avoid being "on the record".
He doesn’t care if word spreads to Deep State’s cronies.
He just doesn’t want the public getting wind of anything.
It as the people who can read public reports and follow the numbers.
SVB should be shut down for incompetence. But there wasn’t a deep state conspiracy here. People with a lot of money in the bank saw what was happening and made a prudent move to protect themselves.
That’s not “deep state.” That’s the guy you want controlling the money in your company. And, those early actors are under no obligation to tell anyone. If you are putting a billion dollars into the hands of someone else…you better keep an eye on them. There is nothing deep state about that.
In Elon’s red Mustang-——
Oh, so this is the Senator Massie referred to the other day.
We here in Arizona are very unfortunate with our two Senators.
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