Good morning people All three banks spent big to defeat President Donald Trump in 2020, collectively giving $198,926 to Joe Biden’s presidential campaign.
SVB, Signature Bank and Credit Suisse jointly gave just $17,597 to Trump in 2020 and $5,516 to his upstart run in 2016.
Senate Majority Leader Chuck Schumer (D-NY).
Since 2016, the banks have donated tens of thousands to Senate Majority Leader Chuck Schumer (D-NY).
Rod Lamkey – CNP / MEGA
Since 2016, the banks have also donated $89,322 to the Democratic National Committee, as well as tens of thousands to the individual Senate campaigns of Majority Leader Chuck Schumer (D-NY), Joe Manchin (D-WV), Mark Warner (D-Va.), Jon Tester (D-Mont.) and Mark Kelly (D-Ariz.), among others.
Tester was seen Monday night rubbing elbows with a partner at SVB’s law firm during a posh Palo Alto fundraiser. And Kelly reportedly asked on an emergency congressional call Sunday evening if “misinformation” about the banks’ failures could be censored to prevent a run on other financial institutions.
SVB’s board of directors also included a Hillary Clinton mega-donor, a former aide to President Barack Obama, and a major donor to former House Speaker Nancy Pelosi (D-Calif.).
Brad Sherman
Rep. Brad Sherman (D-Calif.) received donations from the failed banks.
The Democratic Congressional Campaign Committee and its affiliated House members also received thousands through the banks’ political generosity, which included donations to Reps. Gregory Meeks (D-NY), Seth Moulton (D-Mass.), Brad Sherman (D-Calif.) and former New York Congressman and DCCC chair Sean Patrick Maloney.
Rep. Patrick McHenry (R-NC), chair of the powerful House Financial Services Committee, has taken $203,850 from the banks over the past six years — the most of any Republican congressman.
Failed Pennsylvania Senate candidate David McCormick also took in $19,892 from the institutions during his 2022 Republican primary run.
SVB and Signature Bank failed within days of each other this weekend — two of the three biggest financial institution collapses in US history.
GoGooooooCOOP
Life isssss Good, Erin Go Bragh- Ts
