An investigative reporter has revealed a link between Janet Yellen, who is Joe Biden's treasury secretary, and the recent collapse of Silicon Valley Bank.
The bank serving mostly tech startups was shut down on Friday after failing, while Biden and others promised no depositor would be forced to bear losses.
It is Paul Sperry, a New York Post columnist and longtime Hoover Institute media fellow, who posted his discovery on social media.
Under a "Developing" alert, he explained, "Fed Reserve Bank of SF that missed massive red flags @ SV Bank run by openly gay diversity quota & Janet Yellen protege Mary Daly who focused more on 'climate change and inequities' than regulating rogue banks like SVB. Also chairs SF Fed Diversity & Inclusion Council…"
Poster Comment:
Yellen has hinted she might resign due to Migraines.