You Can’t Make This UpSo who is behind SVB and Signature Bank?
SVB....Obama friends and big donors of Hillary Clinton are on the BOD. Only one Board member had any banking experience. There was no Risk Manager for the Bank.
So who is being bailed out?
You guessed it...friends of the Democrat Party
Corruption?
You Bet!!!!
Signature Bank?
One of the Board members is Barney Frank....the "Frank" in Dodd Frank!!! Small world indeed!!! What's worse is that he was lobbying to have his own Bill changed to let the bank take risks with depositors money.
Sick?
Worse than that...can't think of a word to describe this level of corruption
Worse yet...by agreeing to bailout everybody the Dems have set a precedent to backstop the whole banking system (mega trillions) to help their friends
Gawd help us!!!!!