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Silicon Valley Bank’s collapse is rippling into China. Thousands of Chinese companies are listed among the bank’s clients—with over $240 million in assets on the line—and 57 are on a special list belonging to the Chinese Communist Party. Those same companies fall under the “foreign depositors” category that the United States is set to protect. Sen. Marco Rubio (R-Fla.) penned a letter to Treasury Secretary Janet Yellen, expressing concern over handouts to the Chinese regime. Estimates say the bank had nearly $14 billion of uninsured foreign deposits.
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By EpochTV4.9
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Silicon Valley Bank’s collapse is rippling into China. Thousands of Chinese companies are listed among the bank’s clients—with over $240 million in assets on the line—and 57 are on a special list belonging to the Chinese Communist Party. Those same companies fall under the “foreign depositors” category that the United States is set to protect. Sen. Marco Rubio (R-Fla.) penned a letter to Treasury Secretary Janet Yellen, expressing concern over handouts to the Chinese regime. Estimates say the bank had nearly $14 billion of uninsured foreign deposits.
⭕️ Watch in-depth videos based on Truth & Tradition at Epoch TV 👉 https://www.epochtv.com/
💛 Support us to fight for the truth! 👉 https://donorbox.org/epochtv

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