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Biden’s rescue of ‘pro-Democrat’ SVB clients slammed: ‘They’re looking after their own’

Por: New York Post Business March 13, 2023

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The Biden administration’s move to protect customer deposits at Silicon Valley Bank who call it a gift to — even as mom-and-pop investors are getting burned in the deal. While depositors including top-tier venture capital firms like Andreesen Horowitz and Sequoia Capital were bailed out, the equity and bondholders were completely wiped out as part of the rescue by state regulators and the Federal Deposit Insurance Corp. Those included big... + full article



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