[Ekco]

Yellen Admits CCP-Linked Silicon Valley Bank Depositors Will Be Bailed Out by U.S. Banks
Story by Ari Blaff • 29m ago

Senator James Lankford (R., Okla.) pressed Yellen on the matter during a Senate Finance Committee hearing held days after Silicon Valley Bank collapsed.

“It has been reported publicly that SVB had a large number of Chinese investors that are there including some companies that were directly connected to the Chinese Communist Party,” Senator Lankford (R., Okla.) asked Yellen during Thursday afternoon’s hearing. “So what I’m asking is: will my banks in Oklahoma pay a special assessment to be able to make Chinese investors whole in Silicon Valley Bank?”

Secretary Yellen confirmed that they would.

lol, Whoops.