By Bob Walsh
Those of you who follow
financial news are aware that Joe Biden just decreed that the FDIC will
cover ALL deposits in the Silicone Valley Bank that just slid into the
shitter on Friday. The statutory limit on such things is $250,000. His
decision is already the subject of at least one legal challenge.
In
addition, it should be pointed out that several tech start-up companies
owned by China (which by law means controlled by the Chinese Communist
Party) had a shit-ton of money in SVB. Joe's decision means (if he gets
away with it) that American funds will be used to bail out companies
funded-controlled-beholding to-the ChiComs.
I am confident it is just a coincidence. Or not. Mostly not.
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