A number of Silicon Valley Financial institution (SVB) board of administrators have donated hundreds of {dollars} or have direct ties to distinguished Democrat politicians like Hillary Clinton, former President Barack Obama, and Rep. Nancy Pelosi (D-CA).
Federal investigators are actually trying into the position the board could have performed within the financial institution’s abrupt collapse, because the board members failed to stop its failure.
Though there are 12 board members, a number of are underneath scrutiny for his or her donations and connections to Democrat politicians.
For instance, director Kate Mitchell is a Clinton mega-donor who prayed at a shrine after Clinton’s 2016 loss to former President Donald Trump.
“I prayed for me and us to get beyond our grieving and shock and to figure out how to engage and listen to what happened and come back together,” Mitchell stated.
Mitchell additionally donated $50,000 to Clinton’s victory fund, the New York Submit reported.
Subsequent on the checklist of Democrat donor SVB board members is Garen Ok. Staglin, who owns a winery lower than quarter-hour from the Pelosi household’s Napa Valley property.
Because the New York Submit detailed:
He gave the Biden Victory Fund $10,000 in 2020, despatched $54,000 to Clinton’s Hillary Victory Fund in 2016 (on high of $25,000 the earlier yr), backed Obama with $35,800 in 2011 and gave the Democratic Nationwide Committee $10,000 final yr.
Some board members additionally donated to political motion committees for Democrat Senate Chief Chuck Schumer (D-NY) and Sen. Mark Warner (D-VA), who sits on the Senate Banking Committee, the Submit reported.
One other SVB board member with ties to distinguished Democrats is Mary J. Miller, who served as Obama’s home finance undersecretary on the Treasury Division for 2 years.
Because the Submit famous, the “only real banker” on the Silicon Valley Financial institution board is Tom King, the board’s latest director. King brings 35 years of expertise in funding banking to the board, having spent years at Citigroup and Barclays.
The Submit additionally reported that the Democrat donations have been a part of SVB’s enterprise mannequin. “Everyone knew it was the go-to bank for woke CEOs,” one supply informed the outlet. “They knew they were aligned politically. The companies SVB loaned money to all had a woke agenda.”
Jordan Dixon-Hamilton is a reporter for Breitbart Information. Write to him at [email protected] or comply with him on Twitter.
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