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Geopolitical Economy Report
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US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs - Geopolitical Economy Report
https://geopoliticaleconomy.com/2023/03/19/fed-bailout-silicon-valley-banks/
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US Federal Reserve printed $300 billion to save banks and bail out Silicon Valley. 93% of SVB deposits were uninsured, over FDIC limit, 56% of loans went to venture capitalist and private equity firms.
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