Silicon Valley Bank Gave $73M To Black Lives Matter, Get Woke Go Broke | Summary and Q&A

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March 16, 2023
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Timcast IRL
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Silicon Valley Bank Gave $73M To Black Lives Matter, Get Woke Go Broke

TL;DR

Silicon Valley Bank donated millions to Black Lives Matter social justice groups before its collapse, while Signature Bank gave a smaller amount. The taxpayer bailed out Silicon Valley Bank, leading to widespread corruption and financial scandal.

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Questions & Answers

Q: How did Silicon Valley Bank contribute to Black Lives Matter?

Silicon Valley Bank donated $73 million to Black Lives Matter-related social justice groups, contributing to the movement's funding.

Q: What led to the collapse of Silicon Valley Bank?

The collapse of Silicon Valley Bank is attributed to its support of far-left extremism and questionable financial practices.

Q: How did Signature Bank contribute to the scandal?

Signature Bank provided a smaller donation of $850,000 towards social justice causes, but ultimately failed.

Q: What impact did the taxpayer bailout have on the situation?

The taxpayer bailout of Silicon Valley Bank contributed to corruption and financial scandal, as taxpayer money was used to support a failing bank.

Summary & Key Takeaways

  • Silicon Valley Bank donated over $73 million to Black Lives Matter-related social justice groups before its collapse, while Signature Bank gave $850,000.

  • The taxpayer bailed out Silicon Valley Bank, resulting in corruption and financial scandal.

  • The FDIC, funded by banks, was used to bail out Silicon Valley Bank, impacting the average American through stock market losses and potential budget cuts for older people.

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