California Gov. Gavin Newsom (D) welcomed the federal authorities’s intervention Sunday to guard depositors on the failed Silicon Valley Financial institution (SVB) — however failed to say that he has been its shopper.

Because the left-wing Intercept notes:

The White Home “acted swiftly and decisively to guard the American financial system and strengthen public confidence in our banking system,” Newsom mentioned in a press release. What Newsom didn’t point out is that it additionally protected his personal firms in the event that they…

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