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Before it collapsed and its billionaire depositors were bailed out by the US government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”. Sources and more information here: US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs: Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains: || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter:
