Chuck Schumer, Dems rush to give back donations from Silicon Valley Bank CEO. Pay attention all of you who thought the FTC crash was a one-off. Whatever happened to individuals or groups vetting prospective donors BEFORE taking money linked to shady circumstances or practices? Instead of doing the smart thing and diversifying depositors’ money when inflation was low, they sunk it all into government bonds. Then along came the Biden money printing machine, and inflation exploded. All of a sudden, bonds weren’t paying NEAR as much as other investments, but they couldn’t pull those billions out without paying huge penalties, so there they sit, 15 miles off the blacktop, up to their axles in mud, no winch, and a loooong walk back to town.
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