‘Too Woke To Fail’: The Perfect Leftist Storm Preceding Silicon Valley Bank ‘Bailout’

The federal government will save the day if the bank with more than $250,000 of depositors fails. It is already doing this with Silicon Valley Bank.

This is the question that the Biden administration still hasn’t addressed as of Monday afternoon. This will depend on whether the bank is deemed “reliable.” “woke” enough.

The president and his staff were quick to help customers of SVB (16th largest bank) that caters to leftist techno-classes in California and across the country. Many of its clients have much more than the quarter-million in deposits that would be covered under the Federal Deposit Insurance Corporation.

However, the bank used this money to make arguably risky investments, and promoted diversity, equity and inclusion as well as climate change hysteria. CBS News also reported on the situation. reported that say that the sharp raise hikes enacted by the Federal Reserve to curb Bidenflation — in part caused by the president’s gigantic spending in 2021 and 2022 — weakened the bank’s overall investment portfolio. The media outlet pointed out that the bank’s depositors had to withdraw increasing amounts of cash because of high prices. SVB was unable to fulfill its obligations.

Some blame the Trump era for the failure to de-regulation. True to a degree, it is, however, incomplete. It overlooks the fact Biden’s economic system created the perfect storm for the bank to collapse, creating a semi-moral risk.

Many see the optics as a sign that the bank had a well-placed arrogance and that its cronies in the government, Democratic officials would help it out when necessary.

Critics including Senator Josh Hawley, R-MO, and Vivek Rajaswamy, the 2024 candidate, have argued that SVB behaved as if it was “!”Too many people woke up to fail“And understood that its true insurance policy was “Biden administration in your favor” through its aforementioned investments, that mirror social justice-warrior pet projects.

The U.S. Treasury Department says that taxpayers won’t be liable for making SVB clients. “whole” Instead of money paid by the bank via fees paid around the country by financial intuitions,

However, these costs will eventually trickle down to customers all across the country. Indirectly, SVB will be bailed out by the common man.

Experts believe that the problems are limited to SVB, as well as Signature Bank, and that most banks won’t need that sort of a bailout — even if SVB never received one.

Hence, why rush to get this bank?

Maria Kumar of NBC let slip on Sunday that SVB is the “Democrats’ ATM.” Unsurprisingly, SVB has many Silicon Valley workers as depositors. This is a context 95% Silicon Valley employees Six major tech companies donated to Biden’s 2020 bid. More data shows tech employees are willing to help Biden in 2020. All over the board Donated to Democrats and President.

It is not surprising that Biden would swiftly take action to ensure that his donors are well taken care of in this case. Biden’s action is encapsulated under the cover of “protecting the little guy,” To put it mildly, that’s a lot of crock.

Biden appears to be more interested in rewarding his friends who took book risks investing with this bank and retaining more FDIC-insured locations than he is on the outside.

Another way to put it: If this bank was called “East Palestine Ohio Bank,” Does anyone think the president would act with the same urgency as the president? Perhaps the question is, what is the point of FDIC insurance limits if they are going to be adjusted for Democratic friends?

Biden claimed that his actions would make a difference. “breathing room” Americans, and that the economy would be fine. Yet, we will wait with bated breath to see the answers to these questions.

The views expressed in this piece do not necessarily reflect the views of The Daily Wire.

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