William Isaac, the former chairman of the Federal Deposit Insurance Corporation, said the authorities’ handling of Silicon Valley Bank’s collapse “clearly” constitutes a bailout.
https://www.businessinsider.com/former-fdic-chair-isaac-silicon-valley-bank-is-bailout-2023-3?op=1
To read Ralph Nader’s tremendous piece about corporate socialism (bailing out the billionare class) visit:
https://nader.org/2023/03/20/reckless-capitalist-banks-rescued-by-government-socialism-again/
