Silicon Valley Bank Fallout Exposed The Real Power Players

Happy 3-year anniversary to Silicon Valley Bank and the big bailout it got from you and me. 3 years after Silicon Valley Bank collapsed, the political lesson looks clearer than ever. Biden administration stepped in to stabilize the crisis with this bank, guaranteed all deposits including amounts far above the normal FDIC limit, putting a huge amount of money up in Silicon Valley startups and investing. The intervention likely prevented a broader panic. Instead of buying goodwill, it became another example of Democrats helping tech elite only to get political hostility in return. Many of the loudest figures who demanded action during the crisis later moved sharply toward Donald Trump and the Republican right. The deeper point is not just hypocrisy, though there was plenty of that. It's that Democrats keep acting as if enough generosity toward billionaires will eventually produce loyalty.