Gladwyn d’SouzaMar 15, 2023

#Surveillance Capitalism’s #taxpayer funded #RiskyBusiness: federal #regulators gave #SVB a #SpecialExemption from rules designed to prevent deposit-taking #banks from engaging in #RiskyInvestments and #FinancialSpeculation, a precursor to regulators later extending a similar exemption to the entire #BankingIndustry!!! #Kleptocracy, #BusinessAsUsual, #RegulatoryCapture, #WealthTransfer, #MassiveInequality

https://open.substack.com/pub/rssg7c7gxlbkmwwwdailypostercom/p/6410fa70cefd82003df98d29-b2e6ea4f

Regulators Greenlit Silicon Valley Bank's Risky Investments

Following lobbying efforts, the Federal Reserve exempted Silicon Valley Bank’s venture capital investments from a key risk management rule.

The Lever