MAGA Billionaire Peter Thiel’s Founders Fund Withdrew Its Deposits from Silicon Valley Bank Before It Shut Down

Business Insider: “Peter Thiel’s Founders Fund had no cash left in Silicon Valley Bank by Thursday as it began to unravel, Bloomberg reported.

“A source told Bloomberg the PayPal cofounder’s fund had moved to close its exposure to the failing bank after running into problems using SVB’s services.

“The venture capital group had been engaging in a ‘capital call’ — where it asked investment partners to send funds to invest in a company — by transferring funds to its Silicon Valley Bank account. However, the funds didn’t immediately go through as expected.

“Following the withdrawals, the fund no longer had any exposure to SVB as of Thursday morning, the unnamed source told Bloomberg. It wasn’t clear whether the transfers happened on that day, or earlier.”

MAGA Takeover of California County Fails at Ballot Box

Former grocery store manager and State of Jefferson pitchman Chris Kelstrom finished second in the District 5 supervisor race. Photo source: Facebook screenshot.
Former grocery store manager and State of Jefferson pitchman Chris Kelstrom finished second in the District 5 supervisor race. Photo source: A News Cafe/Facebook screenshot.

A News Cafe: “Fascism isn’t too strong of a word for an undertaking that was sparked two years ago by Cottonwood militia member Zapata’s threat to turn his minions loose on the public if Shasta County didn’t stop following the state’s COVID-19 mandates. This gang of dead-end MAGA Trumpublicans, anti-science ‘medical freedom’ advocates, gun-toting militia enthusiasts, State of Jefferson secessionists and white-Christian nationalists came to us literally wrapped in the flag brandishing the cross. It seeks to impose its own dystopic vision of America upon the rest of us.”

And:
[…]

Colbert: Cuomo’s Comment ‘the Dumbest Thing’ He Could Say

“That is the dumbest thing you could say as a politician. That’s like closing your speech with, ‘Apple pie sucks, I’m lukewarm on the troops, and those stripes make the American flag look fat! Thank you, I hate my mother!’”

— Stephen Colbert, slamming New York Gov. Andrew Cuomo (D) for saying America “was never that great” this week, declaring on the CBS Late Show that the line was “the dumbest thing you could say as a politician.”