Need someone to go to jail.
Need someone to go to jail.
[Source Article](https://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/)
This is some Qanon tier bullshit. They didn't bail out the Chinese. They backed the deposits of US account holders so they wouldn't get screwed and let the bank and its investors go to zero. A bank wiring money to China in the past is irrelevant. Also Biden had nothing to do with it. It was (((Janet Yellen))).
Don't post low quality bullshit like this.
This is some Qanon tier bullshit. They didn't bail out the Chinese. They backed the deposits of US account holders so they wouldn't get screwed and let the bank and its investors go to zero. A bank wiring money to China in the past is irrelevant. Also Biden had nothing to do with it. It was (((Janet Yellen))).
Don't post low quality bullshit like this.
They didn't bail out the Chinese.
They let the bondholders and stockholders of SVB go to zero. Was that enough to make depositors whole? Whether we, the taxpayer, had to kick some in to boot will come out in time. Meanwhile SB's Chinese joint venture says operations are stable and independent amid US parent's collapse, unaffected by meltdown. How is that? Why can't the US claw back funds from a subsidiary or sell it? Apparently the flow of SVB US funds to Chinese start-up are frozen, as they should be.
They were highly involved in Chinese Start ups through the joint venture:
>They didn't bail out the Chinese.
They let the bondholders and stockholders of SVB go to zero. Was that enough to make depositors whole? Whether we, the taxpayer, had to kick some in to boot will come out in time. Meanwhile SB's Chinese joint venture says operations are stable and independent amid US parent's collapse, unaffected by meltdown. How is that? Why can't the US claw back funds from a subsidiary or sell it? Apparently the flow of SVB US funds to Chinese start-up are frozen, as they should be.
They were highly involved in Chinese Start ups through the joint venture:
[Silicon Valley Bank’s China venture in doubt as start-ups struggle to access US funds](https://www.ft.com/content/716b793e-d650-4e23-9e6f-600c1e4dc760)
[Collapse of Silicon Valley Bank rocks China's tech start-ups, venture capital industry
](https://news.yahoo.com/collapse-silicon-valley-bank-rocks-093000218.html)
[Collapse of Silicon Valley Bank rocks China’s tech start-ups, venture capital industry](https://www.scmp.com/tech/big-tech/article/3213259/collapse-silicon-valley-bank-rocks-chinas-tech-start-ups-venture-capital-industry
)
[Silicon Valley Bank's China joint venture says operations stable and independent amid US parent's collapse
](https://finance.yahoo.com/news/silicon-valley-banks-china-joint-093000348.html)
[SVB Financial's JV with China-based bank unaffected by meltdown - report](https://seekingalpha.com/news/3946531-svb-financials-jv-with-china-based-bank-unaffected-by-meltdown-report)
If they bail out Chinese owned accounts, I would have a problem with that. They are backing the deposits by printing money. They say the taxpayer isn't paying for it, but that's a lie. It will further devalue the US Dollar and cause more inflation.
If they bail out Chinese owned accounts, I would have a problem with that. They are backing the deposits by printing money. They say the taxpayer isn't paying for it, but that's a lie. It will further devalue the US Dollar and cause more inflation.
https://unofficialbird.com/nikitabier/status/1634246960206217217
(post is archived)