SVB BOUGHT For ONE $! $100 BILLION GONE in the Markets! The CRASH is Upon Us & YOU'RE Paying For It!
HSBC UK swooped in a purchased the SVB subsidiary in the UK for one Pound Sterling. That is not a typo, they bought the bank for about $1.20. Yikes.
The first business day after the collapse of Silicon Valley Bank got off to a bit of a rough start. $100,000,000,000 disappeared from the market. Yes, that's 100 BILLION DOLLARS. Not great.
The Wokeness and lies inside the corporate structure of SVB continue to unfurrel. Former Lehman Brothers and Deutsche Bank employees, including Kim Olson, the lady who took over from Jay Ersapah, was instrumental in the need for Deutsche Bank to pay out BILLIONS after the Great Recession due to their shady practices. Joseph Gentile simply helped run Lehman Brothers into the ground. Great hiring practices at Silicon Valley.
But Biden and his cronies are doing what they do best: Spend YOUR money. Bailouts by any other name still cost as much. But this is a nefarious position. Trying to outspend inflation isn't a winning strategy. With new economic data to drop this week, we are nowhere near the end of this insanity.
When one company this connected gets WOKE, we could see EVERYONE go BROKE!
Sources:
The Epoch Times: https://www.theepochtimes.com/hsbc-buys-silicon-valley-banks-uk-subsidiary-for-1-pound_5118357.html
New York Post 1: https://nypost.com/2023/03/13/silicon-valley-bank-execs-worked-at-lehman-brothers-deutsche-bank/
Daily Mail: https://www.dailymail.co.uk/news/article-11855573/100BN-wiped-banking-market-SINGLE-DAY-bloodbath-Wall-Street.html
NYP2: https://nypost.com/2023/03/13/biden-move-to-insure-pro-democrat-svb-depositors-slammed/
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