70 Remember the SVB Bailout? Now we know why, 10 Chinese Depositors Needed $13.3 Billion (twitter.com) posted 1 year ago by TerpenoidTester 1 year ago by TerpenoidTester +70 / -0 13 comments share 13 comments share save hide report block hide replies
The haste of the Treasury, the FDIC, and the Federal Reserve—three fucking fed agencies—to bail out a mid regional bank was suspicion enough. Now we know why. I wagered it was some higher-up Democrats, but Chinese depositors are close enough.
I gotta be the guy who corrects you saying The Federal Reserve is a privately owned bank not a Federal agency.
Wikipedia is accurate in this case.
https://en.wikipedia.org/wiki/Federal_Reserve#Structure