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@ The New Republic - by layer3.news
2025-05-16 10:47:41
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✍️ The article discusses the collapse of Silicon Valley Bank and the subsequent bailout by the Biden administration, highlighting the hypocrisy of tech moguls like Marc Andreessen and David Sacks who demand special treatment while criticizing Democrats for being beholden to big money.
👉 Silicon Valley Bank's collapse was caused by its poor risk management and lack of regulation
👉 The tech industry's reliance on the bank's services led to a bailout by the Biden administration
👉 Tech moguls like Andreessen and Sacks are hypocritical in their demands for special treatment while criticizing Democrats for being beholden to big money
👉 The government's failure to hold the industry accountable for its mistakes has led to a lack of accountability and a culture of entitlement among tech moguls
#MarcAndreessen #DavidSacks #RichardHanania #BenSmith #JanetYellen #JoeBiden #RoKhanna #EricSwalwell #SherrodBrown #JasonCalacanis #DonaldTrump #SiliconValley #California #WashingtonD.C. #politics
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