Public Bank East Bay

The collapse of #SiliconValleyBank left low-income communities without billions in promised lending, despite the federal bailout that benefited the bank's wealthy depositors and new owner.

We need #PublicBanksNow

#BankingCrisis #PublicBanks
#PublicBank #PublicBanking #SVB #SignatureBank
https://www.levernews.com/regulators-stiffed-low-income-communities-in-silicon-valley-bank-bailout/

Regulators Stiffed Low-Income Communities In Silicon Valley Bank Bailout

The government rescued SVB’s wealthy depositors, but neighborhoods counting on the collapsed bank are out of luck.

The Lever
Apr 15, 2023 at 3:57pmWeb