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Green handouts shaped SVB biz, DeSantis
exposes book-ban hoax and other commentary

Original Article

Posted By: mc squared, 3/18/2023 12:34:15 PM

Climate war: Green Handouts Shaped SVB Biz “If government funds it, they will come,” snarks The Wall Street Journal’s Kimberley A. Strassel. “That’s one overlooked story line” in Silicon Valley Bank’s collapse. In recent years, SVB’s clients have “skewed in one direction,” including 1,150 in the climate-tech and sustainability sector. The bank provided services to startups that weren’t profitable and would’ve had a harder time getting loans elsewhere, i.e., “subprime firms” — knowing the federal government was offering “handouts” to such companies. Congress’ $1.2 trillion infrastructure bill, for instance, “was a starting gun for a clean-tech frenzy,” making “hundreds of billions” available.

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Also touches on energy, book bans, Ukraine War and bank failures.

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Reply 1 - Posted by: mc squared 3/18/2023 6:09:59 PM (No. 1428272)
When the next wildfire comes through and the power goes off they won't be able to charge their EVs nor be able to cook. Sorry, but my Give-A-Shite account is over loaded.
2 people like this.

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Green handouts shaped SVB biz, DeSantis
exposes book-ban hoax and other commentary
1 reply
Posted by mc squared 3/18/2023 12:34:15 PM Post Reply
Climate war: Green Handouts Shaped SVB Biz “If government funds it, they will come,” snarks The Wall Street Journal’s Kimberley A. Strassel. “That’s one overlooked story line” in Silicon Valley Bank’s collapse. In recent years, SVB’s clients have “skewed in one direction,” including 1,150 in the climate-tech and sustainability sector. The bank provided services to startups that weren’t profitable and would’ve had a harder time getting loans elsewhere, i.e., “subprime firms” — knowing the federal government was offering “handouts” to such companies. Congress’ $1.2 trillion infrastructure bill, for instance, “was a starting gun for a clean-tech frenzy,” making “hundreds of billions” available.
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