Last Updated on March 10, 2023
On Friday morning, regulators shut down the Silicon Valley Bank Friday. FEC filings from 2020 and 2022 show the Silicon Valley Bank PAC, the Super PAC associated with the failed bank, donated in 2020 and 2022 to Political committees directly aligned with Congressional Democrats and pro-impeachment Trump Republicans.
On December 22nd, 2020, well after the 2020 election, Silicon Valley Bank PAC donated to Citizens for Waters, a political committee aligned with Congress Woman Maxine Waters(D-CA). On the same date, Silicon Valley Bank Pac donated to Friends of Gregory Meeks, a political committee aligned with Congressman Gregory Meeks (D-NY). Anthony Gonzales for Congress also received a donation from Silicon Valley Bank Pac on December 22nd, 2020. Anthony Gonzales was among the few Republican Congressmembers to vote to impeach Trump following January 6th.
Before the 2020 election, Silicon Valley PAC notability donated to Peters for Michigan, a political committee associated with Senator Gary Peters (D-MI) from Michigan. Peter’s received an unprecedented amount of mail-in voting that helped him win reelection in 2020.
Interestingly the only political committee Silicon Valley Pac gave to during the 2022 cycle was to friends of Mark Warner. Mark Warner won reelection in 2020 and is not up again until 2026.
Congressional records show that Silicon Valley’s Bank lobbyist in 2022 where the Franklin Square Group, LLC. Franklin Square Group was founded by Josh Ackil, who worked for then-President Bill Clinton. Ackil openly brags about his workings with the Clintons on his Franklin Square Group profile and in media outlets such as the Hill.
Silicon Valley Bank is the second major shake-up on Wall Street in less than 12 months. In November, former crypto powerhouse FTX filed for bankruptcy. Following FTX’s declared bankruptcy, National File reported that FTX donated to Democrats and anti-America First Republicans.
FTX’s founder Sam Bankman-Fried had close ties to Democrat politicians, even blowing Maxine Waters (D-CA) a kiss once on the house floor.
CAUGHT: Maxine Waters appears to blow a kiss at FTX’s chief fraudster Sam Bankman-Fried at a Congressional hearing while the cameras were still rolling
She’s the one who’s supposed to grill SBF next month?
— Benny Johnson (@bennyjohnson) November 18, 2022
It is unknown if or when Congress will investigate Silicon Valley Bank.