That’s the amount California Gov. Gavin Newsom requested the now-defunct Silicon Valley Bank give his wife’s woke “gender equity” foundation, the California Partners Project, in 2021.
The foundation doubles as a PR platform for Jennifer Siebel Newsom, Newsom’s wife.
With Silicon Valley Bank’s collapse, those donations made at the governor’s request raise questions about whether the governor, in the years leading up to the bank’s collapse, had an incentive to favor the now-collapsed California-headquartered company, which is under investigation by the Department of Justice.
Another example is Bloom Energy, which former Newport Beach Mayor Will O’Neill reported in National Review donated $85,000 before receiving a $2 million no-bid contract from the state of California.
As the governor of the state where Silicon Valley Bank was headquartered and where the largest group of Silicon Valley Bank customers lived and ran their businesses, it is certainly possible that his input had a major impact on the government’s decision to guarantee all funds.
With so-called “behested payments” in the national spotlight, maybe change will finally come, as anyone outside California can easily see how such a system could lead to broad corruption.
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