Silicon Valley Bank Employees Made Large Donations to Biden and Other Democrats

The Gateway Pundit ^ | Mar. 11, 2023 | Anthony Scott

[george76]

Silicon Valley Bank was closed by the FDIC due to the bank losing over 60% of its value after the company disclosed major losses from security sales.

Many political pundits and investors have called for lawmakers to bailout out the failed bank.

Those advocating for bailouts have shied away from telling the public that SVB employees and affiliates voted in the leaders responsible for the current economic crisis.

Open Secret’s data reveals in the 2020 election cycle Silicon Valley Bank employees and affiliates donated over $188,000 dollars to political candidates.

Over 90% of the donations which amounted to $173,434 went to Democratic candidates whereas 7.2% or $13,763 went towards Republican candidates.

...

Joe Biden received the most donations with $66,748, followed by the DNC Service Corps and Pete Buttigieg.

Other notable names and organizations that benefitted from Silicon Valley Bank employees in the 2020 election cycle were the Lincoln Project, Bernie Sanders Kamala Harris, and Raphael Warnock

...

Maxine Waters both received $2,5000.

Former Representative Anthony Gonzalez of Ohio who previously voted to impeach Trump received $1,000.

[MayflowerMadam]

And expect them to show up in DC this week begging a bailout from the REPUBLICAN Congress.

“And you want WHAT?! Uh. No. I don’t THINK so.”

[butlerweave]

Party Time with other peoples money

[dforest]

And now they will push for a taxpayer funded bail out so that SBV can make donations to the democrat party for 2024 elections.

I really wish people would/could put an end to this. But wishing isn’t going to do it.

[ConservativeInPA]

I was thinking yesterday that this was probably the case. However, I am surprised the donations amounts are so low. I was thinking it would be similar, but slightly lower than FTX. Let’s see how cheaply politicians can be bought. I bet it’s enough to keep insider trading executives out of prison.

[Lonesome in Massachussets]

And not before those at the top sold off their stock, holdings and secured an account in the Bahamas, I bet

Any bank officer with fiduciary responsibility who sold stock in anticipation of a "road bump" is going to be sued, and possibly indicted.

[mo]

https://www.thestreet.com/investing/cryptocurrency/silvergate-bank-collapses

eveyone seems to be focusing on SVB...while this may be the one to watch...crypto payoffs to the UniParty?

https://ir.silvergate.com/news/news-details/2022/Silvergate-Provides-Statement-on-FTX-Exposure/default.aspx

[cgbg]

I know there are some worried folks out there.

We all need a good belly laugh.

Check out this hilarious tour of the still existing Silicon Valley Bank web page:

https://www.zerohedge.com/news/2023-03-10/lulz-svb-website

There are still job openings there, folks—don’t forget to apply now!

;-)

[cgbg]

“begging a bailout from the REPUBLICAN Congress.”

The Republicans need to imitate Robert DeNiro in “Taxi Driver”

“You talking to me? You talking to me?”

https://www.youtube.com/watch?v=-QWL-FwX4t4

[ConservativeInPA]

One must wonder what other surprises will surface.

That depends on your expectations. I do not expect to be surprised by anything. Read up on the Keating Five. Hint: the real damage and crimes were done long prior Lincoln Financial’s failure.

"How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." - Hemingway, Sun Also Rises (New tagline material)

Several things to investigate: donations prior to 2020, total historical donations, meetings between SVB executives, politicians, and regulators. Look for those meetings going back five years up to and including the present.

[Vermont Lt]

This is a bank in the most liberal community in the country. The fact they donated to libs shouldn’t be shocking to anyone.

The fact they made bone headed investments is a bit shocking.

[Vermont Lt]

I worked at a top 20 bank in the early 2000’s. Our Risk Management guy was a pain in the ass. I despised our RM meetings. But, they made us better operationally and we were in a good position to make it through the dot com bubble recession.

[BEJ]

I think the virtue signaling is leading the loss of revenue signaling and all is OK for the immediate future. If virtue trumps commonsense then this is the payoff. Go WOKE go BROKE.

[libertylover]

What a surprise.

[SunkenCiv]

• Biden's budget is a declaration of war on American businesses that will hit you hard [03/12/2023]
• Biden's scale-tipping endangers America [03/12/2023]
• Show me the money: The highest revenue raising taxes in Biden's proposed budget [03/12/2023]
• 90 Percent of IRS Audits Hit Small Businesses & Families [semi-satire] [03/12/2023]

  ---

• Yellen Says No Federal Bailout for Silicon Valley Bank [03/12/2023]
• Yellen rules out federal bailout 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]

  ---

• Democrat senator rails against 'multi-millionaires' despite large wealth and campaign-funded fine dining [03/11/2023]
• What Comes After the Great Liquidation [03/12/2023]

  ---

• California wine industry faces financial crisis - with majority of vineyards locked out of their accounts amid SVB collapse [03/12/2023]
• UK scrambles to help tech firms after Silicon Valley Bank collapse [03/12/2023]
• Are You Ready? Banks Postitioned For A Bail-in As Silicon Valley Bank Fails (FDIC, Fed Weigh Special Vehicle After SVB Collapses, AOC Alert!) [03/12/2023]
• Warner: US needs to find buyer for Silicon Valley Bank [03/12/2023]
• Home Depot co-founder torches 'woke' Silicon Valley Bank collapse, warns recession may be here already. [03/12/2023]
• 'The government has 48 hours': Billionaire investor Bill Ackman calls on Biden to bail out SVB by Monday MORNING or face catastrophic market meltdown and loss of tens of thousands of jobs [03/12/2023]

[MayflowerMadam]

Really! Too funny. I can see Gaetz doing that, too.