BREAKING: Sequoia Capital Had $1 Billion in Deposits at Silicon Valley Bank that was Bailed Out by Biden Gang | Joe Hoft

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BREAKING: Sequoia Capital Had $1 Billion in Deposits at Silicon Valley Bank that was Bailed Out by Biden Gang

Joe Biden bailed out all the depositors at Silicon Valley Bank when it went bust earlier this year.  This was unprecedented.  Now we know why.

When Silicon Valley Bank went bankrupt earlier this year, Biden decided to

Business Insider reported yesterday that Sequoia Capital had $1 billion of its assets in the bank:

Sequoia Capital, a tech firm that backs giants like Apple and Google, for instance, had $1 billion of its $85 billion in assets at SVB, according to Bloomberg. Altos Lab, Inc., a life sciences startup that’s received billions from funders like Jeff Bezos, also had $680.3 million in the failed bank.

Previously it was reported that Chinese startups were the entities that benefitted the most from the government’s bailout.

Biden’s Bailout of Silicon Valley Bank Saved Chinese Investors, Democrat Gavin Newsom, Buzzfeed, VOX and BLM

The full list of depositors is not yet available but it likely shows that the Biden Administration again did some favors and no doubt it wasn’t for free. 

 

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