Some Democrat-donor investors furious over Biden’s handling of SVB

One of the deep-pocketed venture capitalists told The Post that Treasury Secretary Janet Yellen’s statement Sunday throwing cold water on the possibility of a bailout was “pathetic.&#82…

Some donors are claiming there is a lack of communication between the administration and Silicon Valley.“We’re calling on the government not to politicize this,” the source said. “The concern is this turns into a ‘stick it to the tech jerks’ narrative in DC.is essential to maintaining a strong financial system.Donors are concerned the Biden administration isn’t doing much to help the bank’s collapse.

“The events that unfolded over the past 48 hours have been deeply disappointing and concerning. In the event that SVB were to be purchased and appropriately capitalized, we would be strongly supportive and encourage our portfolio companies to resume their banking relationship with them,” the letter says.

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