Tag Archives | Barney Frank

U.S. bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’

Originally published: Geopolitical Economy Report on April 9, 2023 (more by Geopolitical Economy Report) |

Before it collapsed and its billionaire depositors were bailed out by the U.S. government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.