Article

2023-03-15 Government Corruption

Failed California Bank Was Major Donor, Supporter To Newsom Family Nonprofit

[Daily Caller] Silicon Valley Bank (SVB), the California firm that collapsed late last week after a bank run, donated $100,000 to a nonprofit founded by the Jennifer Siebel Newsom, wife of Democratic California Gov. Gavin Newsom, auditors at Open the Books, a nonprofit dedicated to transparency in government spending, discovered.

In 2021, SVB contributed $100,000 in a "behested" corporate gift to California Partners Project (CPP), meaning it was given "at the request, suggestion, or solicitation of, or made in cooperation, consultation, coordination or concert with the public official" — in this case, with Newsom himself, filings show. The $100,000 payment was paid in four installments of $25,000, with three of them being described as a "General grant to support gender equity in corporate governance," referring to CPP’s stated mission of promoting "gender equity across the state." (RELATED: Group Founded By Gavin Newsom’s Wife Teaches Kids About Gender Roles With Images From Pornhub)
"The Money Shot"

Posted by Besoeker 2023-03-15 07:35|| || Front Page|| [11152 views ] Top

#1 So is it a 'bank' or political money laundering operation ?

Posted by Besoeker 2023-03-15 07:38|| 2023-03-15 07:38|| Front Page Top

#2 Seems like we need "separation of money and state" to move forward.

Posted by M. Murcek 2023-03-15 07:43|| 2023-03-15 07:43|| Front Page Top

#3 Well we know a little more about the SVB client base now:

SHANGHAI/HONG KONG, March 13 (Reuters) - Stunned by the sudden collapse of Silicon Valley Bank, the main go-to foreign bank for the majority of Chinese start-ups, entrepreneurs and venture funds are scrambling for alternatives despite U.S. regulators averting a banking crisis by guaranteeing all deposits of the troubled bank.

Reuters Link found here.

Posted by Besoeker 2023-03-15 07:47|| 2023-03-15 07:47|| Front Page Top

#4 Newsom's three wineries also were involved in SVB.

Posted by Deacon Blues 2023-03-15 10:31|| 2023-03-15 10:31|| Front Page Top

#5 More on Newsom's relationship with SVB.

Posted by Deacon Blues 2023-03-15 11:11|| 2023-03-15 11:11|| Front Page Top

#6 REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray'

Posted by M. Murcek 2023-03-15 11:29|| 2023-03-15 11:29|| Front Page Top

#7 Bet California makes his losses good.

Posted by Super Hose 2023-03-15 12:40|| 2023-03-15 12:40|| Front Page Top

#8 ^ The U.S. taxpayers will make his losses good. Joe Biden will see to it.

Posted by Deacon Blues 2023-03-15 13:40|| 2023-03-15 13:40|| Front Page Top

#9 ^ done and done folks. Newsome lobbied the Fed to cover the depositors without notification that he was one of those depositors. Not just his non profit, but all those wineries of which SVB was THE main lender to the entire industry.

Posted by Rex Mundi 2023-03-15 15:02|| 2023-03-15 15:02|| Front Page Top

#10 There are 5000 banks in the US. The 2 or 3 that failed are tied to the most corrupt Democrats. And Deep State (Federal Regulators) were covering for them.

Posted by Mad Eye Omeretch7959 2023-03-15 23:42|| 2023-03-15 23:42|| Front Page Top

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