US bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’

from Geopolitical Economy Report · host Ben Norton

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”. VIDEO: https://youtube.com/watch?v=-OwLg5odg5k Sources and more information here: https://geopoliticaleconomy.com/2023/04/09/silicon-valley-bank-bailout-billionaires-corruption US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs: https://geopoliticaleconomy.com/2023/03/19/fed-bailout-silicon-valley-banks Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains: https://geopoliticaleconomy.com/2023/03/14/us-banks-collapsed-economist-michael-hudson

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This episode was published on April 10, 2023.

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