{"id":1887963,"date":"2023-03-15T19:13:29","date_gmt":"2023-03-15T23:13:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-gavin-newsom-failed-to-disclose-personal-ties-to-bank-after-praising-intervention\/"},"modified":"2023-03-15T19:15:47","modified_gmt":"2023-03-15T23:15:47","slug":"svb-collapse-gavin-newsom-failed-to-disclose-personal-ties-to-bank-after-praising-intervention","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/svb-collapse-gavin-newsom-failed-to-disclose-personal-ties-to-bank-after-praising-intervention\/","title":{"rendered":"SVB collapse: Gavin Newsom failed to disclose personal ties to bank after praising intervention"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsvb-collapse-gavin-newsom-failed-to-disclose-personal-ties-to-bank-after-praising-intervention%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1887963&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_78909052\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Biden's gay marriage 'epiphany' story contradicted by the historical record\">               <meta itemprop=\"description\" content=\"President Joe Biden raised eyebrows this week when he claimed in an interview that his \"epiphany\" on same-sex marriage came when he was a senior in high school. Biden recalled seeing two \"well-dressed men in suits\" kissing. His father explained that the men loved each other.\">               <meta itemprop=\"duration\" content=\"PT2M17S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-15 19:27:00\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1263364_th_1678908420.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1263364.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78909052\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1263364\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">G<\/span>ov. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/gavin-newsom\" target=\"_blank\" rel=\"noopener\">Gavin Newsom<\/a> (D-CA), did not publicly reveal his close ties to <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a> Praise the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Biden administration<\/a>&#8216;s <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-collapse-bailed-out-debate\" target=\"_blank\" rel=\"noopener\">Intervention<\/a>. <\/p>\n<p>Newsom published a glowing statement on Sunday. <a class=\"Link\" href=\"https:\/\/www.gov.ca.gov\/2023\/03\/12\/governor-newsom-issues-statement-on-biden-administrations-action-on-silicon-valley-bank\/\">Statement<\/a> In response to the administration&#8217;s decision that all depositors get their money back, <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-collapse-bailed-out-debate\" target=\"_blank\" rel=\"noopener\">SVB COLLAPSE: WAS THIS A BAILOUT<\/a><\/b> <\/p>\n<p>&#8220;The Biden Administration has acted swiftly and decisively to protect the American economy and strengthen public confidence in our banking system,&#8221; Newsom&#8217;s statement. <\/p>\n<p>&#8220;Their actions this weekend have calmed nerves, and had profoundly positive impacts on California \u2014 on our small businesses that can now make payroll, workers who will get their paychecks, on affordable housing projects that can continue construction, and on non-profits that can keep their doors open tomorrow. California is a pillar of the American economy, and federal leaders did the right thing, ensuring our innovation economy can continue to grow and move forward,&#8221; It was also added. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<figure class=\"Figure mb-1 mb-sm-3 mb-md-1 article-lead-photo data_invisible\" data-align=\"center\" data-image-size=\"fixed\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\">\n<div class=\"Figure-container\"> <picture><source media=\"(max-width: 768px)\" type=\"image\/webp\" width=\"767\" height=\"511\" data-image-size=\"1060x600_md\"><source media=\"(max-width: 768px)\" width=\"767\" height=\"511\" data-image-size=\"1060x600_md\"><source media=\"(max-width: 1440px)\" type=\"image\/webp\" width=\"645\" height=\"430\" data-image-size=\"1060x600_xl\"><source media=\"(max-width: 1440px)\" width=\"645\" height=\"430\" data-image-size=\"1060x600_xl\"><source type=\"image\/webp\" width=\"1060\" height=\"707\" data-image-size=\"1060x600\"><source width=\"1060\" height=\"707\" data-image-size=\"1060x600\"><\/source><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"Figure-caption\" itemprop=\"caption\">                 California Gov. Gavin Newsom.                <\/figcaption><div class=\"Figure-credit\" itemprop=\"author\">                 (AP Photo\/Rich Pedroncelli, File)                <\/div>\n<\/p><\/div>\n<\/figure><\/div>\n<\/p><\/div>\n<p>Newsom didn&#8217;t disclose it in his statement and elsewhere that he held a substantial personal stake in the bank. On the bank website, three of his wineries (CADE, Odette and PlumpJack) were listed as clients. According to a source, insiders claim that Newsom also held personal accounts at Bank of America. <a class=\"Link\" href=\"https:\/\/theintercept.com\/2023\/03\/14\/cheering-silicon-valley-bank-bailout-gavin-newsom-doesnt-mention-hes-a-client\/\">Report<\/a> The following are the <i>Intercept<\/i>. <\/p>\n<p>Newsom also requested that the bank donate $100,000 in 2021 to California Partners Project, his wife&#8217;s charity. John China was a member of the charity board of directors and was responsible for managing the bank&#8217;s funds. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\">CLICK HERE FOR MORE INFORMATION FROM THE WASHINGTON XAMINER<\/a><\/b> <\/p>\n<p>Responding to the story, Newsom&#8217;s spokesperson said that Newsom did not deny the allegations that the governor had personal funds with the bank. <\/p>\n<p>&#8220;Gov. Newsom&#8217;s business and financial holdings are held and managed by a blind trust, as they have been since he was first elected governor in 2018,&#8221; Nathan Click stated.<\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More From <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/newsom-disclose-ties-silicon-valley-bank\">SVB collapse: Gavin Newsom failed to disclose personal ties to bank after praising intervention<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov. Gavin Newsom (D-CA) failed to publicly disclose his close ties with Silicon Valley Bank when praising the Biden administration&#8217;s intervention. On Sunday, Newsom released a glowing statement in response to the administration&#8217;s decision to ensure all depositors got their money back. SVB COLLAPSE: WAS IT A BAILOUT? \u201cThe Biden Administration has acted swiftly and<\/p>\n","protected":false},"author":1,"featured_media":1897279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5373,7385,7000,5886,5544,18279,3678,10427,6252,21356,3864],"class_list":["post-1887963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank","tag-collapse","tag-disclose","tag-failed","tag-gavin","tag-intervention","tag-newsom","tag-personal","tag-praising","tag-svb","tag-ties"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1887963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1887963"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1887963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1887963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1887963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1887963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}