Elon Musk calls Steve Bannon ‘evil’ as ex-Trump aide denounces him as ‘owned by the Chinese communist party’

The Independent ^ | March 11, 2023 | Graig Graziosi

[Golden Eagle]

Although Twitter CEO Elon Musk and former Donald Trump strategist Steve Bannon tend to sit on the same side of the political aisle, the two men don't seem to like each other very much.

Tim Pool, a right-wing podcaster, recently asked Bannon to comment on the CEO of Razer, Min-Liang Tan, encouraging Mr Musk to buy the collapsed Silicon Valley Bank. The tech-focused lender crumbled on Friday, making it the second-largest bank failure in US history.

Mr Musk replied that he was "open to the idea”.

Mr Bannon scoffed at the idea, which Mr Pool called "a bit silly”, and launched into a rant about the Tesla CEO's alleged deference to Beijing.

The former Trump strategist tore into Mr Musk, claiming he has refused to reinstate the Twitter accounts of "true" anti-Chinese government personalities — himself included — since he took over the site.

"Really?" Congressman Matt Gaetz, who was also on the episode, asked, apparently shocked.

"He's owned by the Chinese Communist Party," Mr Bannon said.

He claimed that Mr Musk's "only thing of real value" was Tesla, and that the "Shanghai joint venture" — Tesla's planned Gigafactory 3 plant in Shanghai — is "one hundred per cent controlled" by the Chinese government.

Mr Musk made it clear he had no warm feelings for Mr Bannon either.

"I used to think Bannon was smart & evil, but now I realise I was wrong about the first part," Mr Musk wrote in response.

[SunkenCiv]

"I used to think Bannon was smart & evil, but now I realise I was wrong about the first part," Mr Musk wrote in response.

• Steve Bannon Lights Up Elon Musk: 'Total and Complete Phony' Who 'Is Owned Lock, Stock, and Barrel by the Chinese Communist Party' [03/10/2023]

[9YearLurker]

The Chinese market is as important as the US market to Tesla. And for its critical reliance on batteries, China is more important than the US.

[SunkenCiv]

• Biden's Executive Order Nightmare: Government Will Track Every Dime You Spend [03/12/2023]
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• Democrat senator rails against 'multi-millionaires' despite large wealth and campaign-funded fine dining [03/11/2023]

  ---

• Signature Bank is closed by regulators, the third US bank failure in a week [03/12/2023]
• These Companies Are Caught in SVB Crash - Very Likely Someone in Your Family Gives Them Business: This means that 65,000 startups could miss payroll [03/12/2023]
• U.S. government steps in and says people with funds deposited at SVB will be able to access their money [03/12/2023]
• Dow futures jump 250 points as regulators announce backstop of SVB depositors: Live updates [03/12/2023]
• Wall Street -- not taxpayers -- will pay for the SVB and Signature deposit relief plans [03/12/2023]
• Bernie Marcus: 'Woke' Silicon Valley Bank Was 'More Concerned About Global Warming than Shareholder Returns' [03/12/2023]
• Yellen: U.S. Banking System 'Safe and Well-Capitalized' in Wake of Silicon Valley Bank Collapse [03/12/2023]
• First Republic Bank Strengthens and Diversifies Liquidity [03/12/2023]
• Some Democrat-donor investors furious over Biden's handling of SVB [03/12/2023]
• Administration guarantees all Silicon Valley Bank deposits in bid to head off banking crisis [03/12/2023]
• Swedish Retirement Pension was SVD's 4th Largest Shareholder with Holdings of Nearly $280 Million in Stock on Friday (he meant SVB) [03/12/2023]
• The Demise of Silicon Valley Bank- The Rapid Collapse of the 16th Largest Bank in America (well-documented and accurate explanation) [03/12/2023]
• Federal Reserve announces that ALL depositors at Silicon Valley Bank will be protected as another bank - Signature Bank - closes, and an auction is held for SVB's assets [03/12/2023]
• PNC decides not to bid on Silicon Valley Bank as regulators struggle to find rescue buyers, source says [03/12/2023]
• Home Depot Co-Founder Bernie Marcus Tells Americans To "Wake Up" After Silicon Valley Bank Collapse: Attributes the bank's failure to its decisions to focus on "woke" policies instead of risk management [03/12/2023]
• SVB fallout. Lehman moment? Trading in First Republic, Signature Bank, other regional banks halted after SVB collapse [03/12/2023]
• Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC [03/12/2023]
• Elon Musk calls Steve Bannon 'evil' as ex-Trump aide denounces him as 'owned by the Chinese communist party' [03/12/2023]

  Tim Pool, a right-wing podcaster, recently asked Bannon to comment on the CEO of Razer, Min-Liang Tan, encouraging Mr Musk to buy the collapsed Silicon Valley Bank.

• Bloomberg reports Signature Bank has been closed by state authority [03/12/2023]
• GOP presidential candidates react to Silicon Valley Bank collapse, Trump blames 'out of control Democrats' [03/12/2023]
• Auction process is reportedly underway to find a buyer for Silicon Valley Bank [03/12/2023]
• Yellen: Working to Address SVB Collapse, but Not Looking at Bailout ("But we are concerned about depositors and are focused on trying to meet their needs...") [03/12/2023]
• Silicon Valley Bank Employees Made Large Donations to Biden and Other Democrats [03/12/2023]

[olivia3boys]

I listen to all 4 hours of war room daily (usually) and also read Musk on Twitter and see all the amazing things he’s been saying and doing for Twitter. I think Steve Bannon just doesn’t get how often musk points out the emperor has no clothes because Bannon hates Twitter. Instead he should get war room back on Twitter. Musk should let it back on. He was only removed because he said Fauci’s “head should be on a pike” which is a common medieval metaphor. Jane Fonda said Republicans should be all murdered yesterday and she’s likely still on Twitter. Anyway, both Bannon and musk are awesome.

[Socon-Econ]

People on America’s side need to cut each other some slack.

[Reily]

Agree!