While this fact was conveniently withheld, Newsom simultaneously promoted the Biden administration bailing out SVB customers with more than the $250,000 limit covered by Federal Deposit Insurance Corporation (FDIC) insurance.
It’s interesting that Newsom seems to have just above the threshold typically covered by the FDIC in SVB, but the same is true for more than 90% of the bank’s clients.
Israeli firms managed to transfer $1 billion out of Silicon Valley Bank to accounts in Israel just before the bank was seized by the feds, the Times of Israel reports.
Israel’s two largest banks, Bank Leumi and Bank Hapoalim, set up a situation room that has been operating around the clock to help firms transfer their money from SVB — before it was seized — to accounts in Israel. Over the past few days, teams at LeumiTech, the high-tech banking arm of Bank Leumi, have been able to help their Israeli clients transfer about $1 billion to Israel, the bank said.
Israel’s Ha’aretz newspaper reports that “a good many Israeli companies had been able to get their money out in time, but that it was clearly not the case for everyone” and that “companies whose deposits are now locked will seek to conceal this, concerned that any rumors might drive away customers, suppliers and employees.”
The FDIC has announced an emergency bailout program that will pay depositors 100% of the money they had in the bank. It’s unclear whether this U.S. money will go to Israeli companies. Israel already receives over $10 million per day from American taxpayers.
The Washington Post reports: “While the fund going to the depositors is paid into by U.S. banks, it is ultimately backstopped by the Treasury Department — and therefore U.S. taxpayers.”
How nice of Treasury Secretary Janet Yellen to look the other way while these funds were transferred out.
Greg Becker sold 12,451 shares at an average price of $287.42 each on February 27. The price plunged to just $39.49 in premarket Friday before trading halted
The day his sale went through, Becker bought the same number of shares using stock options priced at $105.18 each, according to filings with the SEC
CFO Daniel Beck sold 2,000 shares at $287.59 per share on the same day
WSJ reports that a new investment round of $100 million has been secured by a secretive startup called Humane Inc., founded by ex-Apple executives, along with a partnership with OpenAI, the creator of ChatGPT. Although the startup’s device is shrouded in mystery, it seems to be developing a wearable camera powered by artificial intelligence.
The Conservative Political Action Conference (CPAC) and its American Conservative Union (ACU) parent organization are funded by globalist Nazi collaborator George Soros, Big Tech oligarch Mark Zuckerberg, and the neo-con Koch brothers, financial documents reveal. This news comes on the heels of crotch-pummeling accusations against Matt Schlapp, the ACU and CPAC Chairman who’s been accused of sexually assaulting a male GOP campaign staffer.
Twitter moderators were instructed to censor truth-based posts which they felt could fuel vaccine hesitancy, internal company documents published Thursday by independent journalist Matt Taibbi show.
Screenshots from a guide outlining moderation policies appearing in the latest “Twitter Files” drop show moderators were instructed to flag “True content which might promote vaccine hesitancy.”
It’s no secret that Philadelphia’s voters elected a mayor and district attorney so incompetent that the city has experienced its worst violent crime surge in three centuries of its history. This is mainly because of the radical (and incompetent) left-wing criminal justice policies and reforms that were put into effect during their terms. Nor is it a secret that Philadelphia is one of the worst poverty-stricken cities in the nation. It is consistently ranked as the “poorest” of the country’s biggest cities.
Last week, a former Democratic City Council member was sentenced to three-and-a-half years in prison after being convicted on bribery and fraud charges. Among his crimes was his involvement in a scheme in which he tried to force the Children’s Hospital of Philadelphia to use labor unions to install MRI machines. Bobby Henon attempted to extort a hospital dedicated to helping terminally ill children to make money. There were other crimes too, but this was the most egregious.
But even the little that congressional Republicans are doing, or just talking about, is too much for a couple of Latino GOP lawmakers quoted in a recent Associated Press (AP) article entitled, “Latino Republicans push back on party’s immigration agenda.”The piecebegins by discussing Florida’s 27th Congressional District.
“More than half of the residents in the slice of Miami that includes Little Havana were born abroad. And when Republican U.S. Rep. Maria Elvira Salazar ran for reelection last year, she won by 15 percentage points. The GOP’s dominance of Florida’s 27th congressional district is emblematic of the party’s inroads with Latino voters in recent years in much of the U.S. and especially in Florida. Those gains helped Gov. Ron DeSantis decisively win reelection last year and contributed to the GOP taking back control of the U.S. House.”
Billionaire elites are using their power over the media, the political class and public opinion to coerce Joe Biden into sending US troops to Ukraine to prevent a Russian victory. Idiot conservatives think the media is actually doing their job for once by accurately reporting Biden’s alleged transgressions. But, the fact is, the media is simply showing that it can switch sides at any time in order to pursue the elitist agenda.
Syracuse, N.Y. — A state Supreme Court judge in Syracuse on Friday struck down a statewide mandate for medical staff to be vaccinated against Covid-19.