After Bank Bailout, Tester Raises Money From Partner of Silicon Valley Bank’s Law Firm

Sen. Jon Tester (D., Mont.), who bills himself as a “strong advocate for rural America,” A partner of the law firm representing Silicon Valley Bank hosted a Monday fundraiser.

Michael Danaher, who cohosts Tester’s Palo Alto (Calif.) fundraiser, is a partner with the firm Wilson Sonsini Goodrich and Rosati. They represent the bank and other Silicon Valley ventures. New York Post reported. Other cohosts for the event—which cost between $250 and $6,600 to attend—included Greg Avis, the founder of venture capital firm Summit Partners, and Matt Glickman, a tech entrepreneur who cohosted A fundraiser for Hillary Clinton, with Elizabeth Holmes, disgraced founder of Theranos in 2016.

As he prepares to run for a contentious reelection election, Tester’s attendance at the meeting will be scrutinized. Liberals have criticized Tester for voting for the 2018 bill to reduce regulations for mid-sized banks such as Silicon Valley Bank. This was the second-largest U.S. bank collapse in history. Tester is a member on the Senate Banking Committee. He has not yet addressed the issue.

Biden’s administration is being criticized for bailing depositors out of the bank which had over $200 billion in assets. The Treasury Department claimed that it will cover all deposits at the bank, including those above $250,000 which are covered by Federal Deposit Insurance Corporation. Although the administration claims that the taxpayers won’t foot the bill the banks are expected to increase fees on customers to cover higher insurance premiums due the bailout. The following has been described As “socialism for the rich.”

This fundraiser is just one example of Tester’s latest campaign activity, which contradicts his image of himself as a champion for rural values. “Montana’s unique way of life.” The Washington Free Beacon reported Since 2006, Tester’s campaign has spent $1.2 Million on catering events and restaurants. This includes a Beltway haunt that caters. “celebrities” And “powerbrokers,” And another that enforces a “strict upscale dress code” Its patrons.