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James Comer: Treasury Reports Show Biden Family Made Millions from Chinese Company After 2016 · The Ben Ferguson Podcast

0:01
Speaker 1: James Comer is tightening the screws on Hunter Biden, specifically
0:07
Speaker 1: his art, and they in Washington, the Republicans are now saying,
0:12
Speaker 1: we want to know the buyers and we want to
0:14
Speaker 1: know how much they actually paid for the art coming
0:18
Speaker 1: from Hunter Biden. This Congressional committee is really now tightening
0:24
Speaker 1: these screws on Biden's art dealer to turnover information about
0:29
Speaker 1: who actually bought the president's son's art for well ridiculous
0:34
Speaker 1: amounts of money. And a second letter now sent to
0:38
Speaker 1: William Pittard, the lawyer who Biden's Manhattan based art dealer,
0:44
Speaker 1: the Committee on Oversight sent a letter saying, it's time
0:48
Speaker 1: for you to tell us what's going on. What we
0:50
Speaker 1: do know is that Hunter Biden is getting up to
0:55
Speaker 1: six figures, actually more than six figures first some of
0:58
Speaker 1: his art. James Comber and the Republicans said, quote, given
1:03
Speaker 1: Hunter's history of suspicious activity, it is deeply concerning that
1:08
Speaker 1: the present's son continues to sell is amateurist work to
1:12
Speaker 1: anonymous purchasers for sky high prices. That's what Representative James Comer,
1:18
Speaker 1: who had the committee, told The Post in a new
1:20
Speaker 1: email statement. Now the New York Post has also seen
1:24
Speaker 1: a March thirteenth letter which states that the committee seeks
1:29
Speaker 1: information quote about the unidentified purchasers of mister Biden's artwork
1:34
Speaker 1: and the non public agreement with the White House concerning
1:38
Speaker 1: this same issue. Now, if you've seen some of this artwork,
1:43
Speaker 1: I want to be clear, it doesn't completely suck, but
1:46
Speaker 1: it is average at best. It's not something that you
1:50
Speaker 1: would see and go, wow, that's really impressive. You should
1:53
Speaker 1: get a half a million dollars for that artwork. The
1:57
Speaker 1: reason why that matters is the letter references the prices
2:01
Speaker 1: going from the low range of seventy five thousand for
2:05
Speaker 1: a piece of Hunter Biden work to a half a
2:08
Speaker 1: million dollars. They want to know and they want to
2:13
Speaker 1: understand who is giving this money to the president's son.
2:17
Speaker 1: They also explained that the quote Treasury Department studied the
2:20
Speaker 1: use of high end art as a means to launder
2:23
Speaker 1: money along with other potential elicit transactions. So this letter
2:29
Speaker 1: is saying, look, we know that the Treasury Department, which
2:32
Speaker 1: is headed up by Joe Biden, right, the Treasury Department
2:36
Speaker 1: has said that art is a great way to funnel money.
2:39
Speaker 1: It's a way to launder money. It's a way to
2:42
Speaker 1: pay off bribes because it's all in the eye of
2:45
Speaker 1: the beholder, what it's really worth and what you're willing
2:48
Speaker 1: to pay now. According to the letter, which we are
2:52
Speaker 1: now seeing for the first time, it details related to
2:56
Speaker 1: the sales of Biden's paintings that are quote critical to
2:59
Speaker 1: the instigation. The investigation of the present Sun is not
3:04
Speaker 1: being accused by the way of money laundering, but they
3:06
Speaker 1: do say they have questions about quote suspicious activities. Foreign adversaries,
3:11
Speaker 1: including China, the letter states, have used sham art sales
3:15
Speaker 1: we know for a fact, to launder money and evade
3:18
Speaker 1: sanctions imposed by the United States of America. Hunter's art
3:22
Speaker 1: dealer now seems to be running cover for Hunter Biden
3:25
Speaker 1: and is obstructing the committee's efforts to obtain information on
3:30
Speaker 1: who is buying Hunter's artwork, which he's the only one
3:33
Speaker 1: that would know. Burgess and his lawyer have not replied
3:37
Speaker 1: to request for comments from The New York Post, nor
3:41
Speaker 1: did a lawyer directly supporting Hunter Biden. Now. This is
3:46
Speaker 1: not the first request made for information related to Hunter
3:49
Speaker 1: and his art sales. On an earlier letter that was
3:54
Speaker 1: sent out in February, it also talked about the exorbitant
3:58
Speaker 1: amounts that people were paying for Hunter Biden's art, and
4:01
Speaker 1: they were explaining, how is it possible that these arts
4:05
Speaker 1: could be worth this art could be worth so much money.
4:07
Speaker 1: Now we have gotten confirmation that the prices for the
4:11
Speaker 1: art does range from seventy five thousand to a half
4:14
Speaker 1: a million dollars. If you want to pay a bribe, hey,
4:18
Speaker 1: that bribe and then you don't have to worry about
4:20
Speaker 1: getting caught, and it can go through an art dealer
4:23
Speaker 1: to bribe off the president of the United's America. This
4:27
Speaker 1: is exactly how you would do it. And again the
4:30
Speaker 1: Treasury Department has already said that China has a history
4:35
Speaker 1: to get around sanctions of buying artwork because this is
4:39
Speaker 1: a way to funnel money. Comer also express high expectation,
4:44
Speaker 1: saying George Burgess needs to cooperate with this investigation and
4:48
Speaker 1: I fully expect him to provide all information, appear for
4:51
Speaker 1: a transcribed interview if he doesn't. If he does not
4:55
Speaker 1: comply with a congressional subpoena, it can result in a
4:59
Speaker 1: fine up to a thousand dollars and up to a
5:01
Speaker 1: year in prison. That is also the latest. Now the
5:05
Speaker 1: Post previously reported that Hunter's team had said they did
5:09
Speaker 1: not want to reveal names of buyers and prices paid,
5:13
Speaker 1: among other requests and efforts not to quote defeat the
5:16
Speaker 1: efforts of mister Biden and the White House to avoid
5:19
Speaker 1: the serious ethics concerns that Comber and the committee have raised.
5:24
Speaker 1: They offer also reference then Press Secretary Jensaki pointing out
5:29
Speaker 1: to safeguards that she admitted to that included maintaining the
5:33
Speaker 1: confidentiality of buyers in this instance, because if the White
5:37
Speaker 1: House was not aware of those buyers, it would seem
5:40
Speaker 1: impossible quote for the administration to grant the buyers any
5:44
Speaker 1: favors based on the purchases. Comber and his latest move said,
5:51
Speaker 1: these purported safeguards and telling us that they're there are
5:55
Speaker 1: insufficient at best and troubling at worst. Now this also
6:01
Speaker 1: comes as James Coomer is really trying to put the
6:04
Speaker 1: hammer down on these suspicious activity reports and we're finally
6:09
Speaker 1: getting some data into these suspicious activity reports. I want
6:13
Speaker 1: you to hear what Komber had to say on Fox
6:16
Speaker 1: about these suspicious activity reports. Just last night, o'shan I
6:19
Speaker 1: suppended a bank for records for three different former Hunter
6:24
Speaker 1: Biden business associates. One of those associates in particular was
6:28
Speaker 1: Rob Walker. We got his account, We confirmed that that
6:33
Speaker 1: account around two months after Joe Biden left the office
6:36
Speaker 1: of Vice President, received a three million dollars wire from
6:40
Speaker 1: two individuals directly associated with the Chinese Communist Party. The
6:45
Speaker 1: very next day after that wire was received, the Walker
6:49
Speaker 1: account started transferring money into three different Biden family members accounts,
6:56
Speaker 1: including a new Biden family member that's never four been
7:00
Speaker 1: identified as someone being involved in the influence peddling scheme.
7:05
Speaker 1: So this is very serious information that we've received, very
7:10
Speaker 1: troubling information. It does show a pattern that the Biden
7:14
Speaker 1: family was receiving money directly from China. So the family
7:20
Speaker 1: was receiving money from China, not just receiving money. One
7:25
Speaker 1: of the associates, Rob Walker, was wired millions of dollars
7:28
Speaker 1: in the Chinese Communist Party connected individuals. Now, remember all
7:33
Speaker 1: this revolves around the big guy, the Washington or excuse me,
7:37
Speaker 1: the Wall Street Journal is now reporting that Republicans realize
7:42
Speaker 1: how important it is to view Hunter Biden's financial records,
7:46
Speaker 1: and we're starting to get some of them. House Republicans
7:50
Speaker 1: were now being told will review government reports of suspicious
7:54
Speaker 1: financial transactions related to President Biden's family members, resolving an
8:00
Speaker 1: early riff with the administration as Republicans mount aggressive inquiry
8:05
Speaker 1: to the president's son, Hunter Biden. Represent of James Comer,
8:09
Speaker 1: the chairman of the House Oversight Committee, and the Treasury
8:11
Speaker 1: Department have for weeks to negotiate the timing and terms
8:14
Speaker 1: of lawmakers access to these so called suspicious activity activity reports,
8:20
Speaker 1: in which banks flags transactions that bear signs of money
8:24
Speaker 1: laundering or other potential criminal activity. The Treasury Department will
8:29
Speaker 1: make the reports available for an in camera review, meaning
8:34
Speaker 1: the panel can inspect them in person, but not retain copies.
8:38
Speaker 1: Mister Konomer said Hunter Biden's business dealings abroad during and
8:42
Speaker 1: after its father's time as vice president are a focus now.
8:47
Speaker 1: Lawmakers are seeking to discover whether the younger Biden's various
8:51
Speaker 1: business arrangements with wealthy foreigners involving involved his father. Repeated
8:57
Speaker 1: previous investigations haven't revealed a role for the president, but
9:02
Speaker 1: what we have now is the Hunter Biden laptop, and
9:06
Speaker 1: Hunter Biden has said he wouldn't work with any foreign
9:09
Speaker 1: companies while his father is president. Is that true? Now?
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10:36
Speaker 1: has long denied playing any role in the business deals
10:40
Speaker 1: pursued by his son and his brother James Biden, neither
10:45
Speaker 1: of whom hold roles in the administration. So they say,
10:49
Speaker 1: what could go wrong here? Now? To be clear, so
10:52
Speaker 1: you understand that is a lie and it's been proven.
10:56
Speaker 1: We have voice mails, they were one Hunter Biden's laptop.
11:00
Speaker 1: We have emails, we have pictures, we have meetings that
11:04
Speaker 1: we know have taken place between Hunter Biden and his father.
11:08
Speaker 1: The idea that President Joe Biden didn't have any role
11:11
Speaker 1: in his son's business deals or his brother's business deals absurd.
11:14
Speaker 1: These business deals wouldn't have existed without the man, the
11:19
Speaker 1: big guy, being involved. There would have been no reason
11:23
Speaker 1: to do business with Hunter Biden if it wasn't for
11:26
Speaker 1: buying access to the big guy. Now, lawyer for Hunter
11:30
Speaker 1: Biden said that after five years of the same old,
11:34
Speaker 1: disproven conspiracy theories about Hunter Biden, his family representive comer's
11:39
Speaker 1: political obsession comes at a high cost of time and
11:42
Speaker 1: money that could be spent actually improving the lives of Americans.
11:45
Speaker 1: So that's their way of fighting back. That's what they're
11:47
Speaker 1: going to say. Representive Comber, he went on to say,
11:51
Speaker 1: knows all too well that stars reports are not uncommon.
11:54
Speaker 1: It's true, there's a lot of them. It is extremely
11:57
Speaker 1: uncommon for one individual to have a hundred and fifty
12:01
Speaker 1: of these suspicious activity reports popping on their accounts. That
12:06
Speaker 1: is what is unusual. If Hunter Biden had one, or two,
12:10
Speaker 1: or maybe even three, you'd say, all right, well, that's
12:13
Speaker 1: not a lot. When you, as an individual have a
12:15
Speaker 1: hundred and fifty, that's a hell of a lot. And
12:18
Speaker 1: everybody should understand that. Now, the Treasury Department, they go
12:23
Speaker 1: on to say, collects millions of such reports each year,
12:27
Speaker 1: holding them in a database that can be used by
12:29
Speaker 1: law enforcement to investigate potential crimes. A spokeswoman for James Biden,
12:35
Speaker 1: that's the president's brother, declined to comment on the Treasury
12:39
Speaker 1: Department making the suspicious activity reports available to House lawmakers,
12:43
Speaker 1: especially since well James Biden, Jimmy Biden, whatever the President
12:48
Speaker 1: wants to call him, is involved in this scheme as well. Now.
12:53
Speaker 1: Treasury officials that said they were working to respond to
12:56
Speaker 1: the Republican request for the records. That's a lie. They
13:00
Speaker 1: have not been They've been stonewalling for years now, at
13:04
Speaker 1: least two years, and only after the Republicans won back
13:08
Speaker 1: the House, and even since then they've been stonewalling. Mister
13:13
Speaker 1: Comer said, quote. It should never have taken us threatening
13:16
Speaker 1: to hold a hearing and conduct a transcribed interview with
13:19
Speaker 1: an official under the penalty of perjury for Treasury to
13:22
Speaker 1: finally accommodate part of our request. What are they trying
13:27
Speaker 1: to hide? Obviously a lot and a letter sent to
13:30
Speaker 1: House Republicans viewed by The Wall Street Journal earlier this month,
13:33
Speaker 1: mister Davison said the Treasury was conferring with law enforcement
13:36
Speaker 1: agencies about sharing their material with lawmakers. Really, quote, all
13:40
Speaker 1: the processes which are designed to ensure proper protection of
13:43
Speaker 1: potential or ongoing investigations and other law enforcement interests are
13:48
Speaker 1: already well underway for your request, but they take time,
13:52
Speaker 1: the Treasury wrote. On March the third, the House Oversights
13:55
Speaker 1: Committee pushed for the Suspicious Activity reports. Comes as the
13:59
Speaker 1: panel also subpoenaed and this is new news, so listen carefully,
14:04
Speaker 1: the Bank of America. They have subpoenaed Bank of America
14:07
Speaker 1: for records related to three of Hunter Biden's business associates
14:13
Speaker 1: that includes Representative Jamie Raskin, the top Democrat on the committee,
14:19
Speaker 1: revealed that the subpoenas in a letter to mister Comer
14:23
Speaker 1: happened on Sunday. Miss Raskin called the record request quote
14:27
Speaker 1: wildly overboard and pointed to an effort to run a
14:31
Speaker 1: political fishing expedition to turn up any informediation that might
14:37
Speaker 1: be related or reeled in relating to a member of
14:41
Speaker 1: President Biden's family. Now, Bank of America's spokesman obviously declined
14:45
Speaker 1: to comment. Now this is big because Bank of America
14:49
Speaker 1: and the fact that now the Committee has gone and
14:51
Speaker 1: subpoena and said to Bank America, look, we're going to
14:53
Speaker 1: subpoena these records related to three of Hunter Biden's business associates.
14:58
Speaker 1: This is really damning because there's a lot of things
15:02
Speaker 1: that apparently may have been running through those business associates
15:05
Speaker 1: that we may not have seen just in the Biden
15:08
Speaker 1: bank accounts. This is significant for the fact that we
15:12
Speaker 1: just need to follow the money. We already have the
15:15
Speaker 1: blueprint of the money. We know from Hunter Biden's emails
15:19
Speaker 1: how much money was coming in the question is how
15:23
Speaker 1: much other money was coming in that we don't know about,
15:26
Speaker 1: how many other bribes or suspicious activity reports we're coming
15:30
Speaker 1: in that we don't know about. Now, if you connect
15:33
Speaker 1: these two scenarios, okay, these two situations, and you look
15:37
Speaker 1: at these two situations where James Cohmer is talking about this,
15:41
Speaker 1: these are two separate deals, folks. One of these deals
15:44
Speaker 1: would pass you transgressions and these suspicious activity reports at
15:49
Speaker 1: number one. And then the other part of this is
15:51
Speaker 1: the new current transactions that are taking place right now,
15:54
Speaker 1: and the new current transactions deal with this money laundering.
16:00
Speaker 1: I would argue this shady money laundering to bring in
16:04
Speaker 1: money from China or Russia or anybody else that needs
16:08
Speaker 1: access to the current President of the United States of America.
16:11
Speaker 1: Is Hunter Biden a half million dollars a painting artist
16:14
Speaker 1: know and everybody knows it. So why would you give
16:17
Speaker 1: him a half million dollars? Now, let me also remind
16:20
Speaker 1: you of what Director Ray said the FBI. Director Ray
16:25
Speaker 1: said when he was asked about Hunter Biden's laptop, just
16:28
Speaker 1: in general, this is how scared they are of what
16:30
Speaker 1: we're going to find. Listen carefully, were you aware that
16:33
Speaker 1: the FBI personnel were in contact with Twitter regarding the
16:36
Speaker 1: Hunter Biden laptop story. I don't believe the FBI personnel
16:40
Speaker 1: we're in contact with Twitter about the hundred laptop story specifically.
16:44
Speaker 1: I think there were people in contact with Twitter about
16:47
Speaker 1: Russian disinformation efforts. Were you aware that the FBI had
16:51
Speaker 1: Hunter Biden's laptop since December of twenty nineteen. I can't
16:54
Speaker 1: speak to exactly when we had a laptop available, stonewalling,
16:58
Speaker 1: Director Ray. The American people deserve answers, and this is unacceptable.
17:04
Speaker 1: This is a cover up. It's been a cover up
17:07
Speaker 1: for two years out in the public eyes. It's been
17:09
Speaker 1: a cover up since the laptop story broke in the
17:13
Speaker 1: New York Post and when Big Tech silenced it, the
17:16
Speaker 1: FBI silenced it, everybody went out there and silenced it.
17:21
Speaker 1: This is what happens when you have Republicans and there Look,
17:25
Speaker 1: there are consequences, Okay, I want to make that clear.
17:28
Speaker 1: There are consequences for your actions. And now some of
17:32
Speaker 1: that is coming to light, and the Treasury reports clearly
17:36
Speaker 1: show that the Biden family made millions of dollars from
17:39
Speaker 1: Chinese Communist Party companies after twenty sixteen the payments came
17:46
Speaker 1: flowing into the Biden crime family. Now, remember there was
17:50
Speaker 1: ten percent being held for the big guy. Remember in
17:53
Speaker 1: the Biden family investigation, there has always been this idea
17:58
Speaker 1: that will pay you on the back end if we
18:00
Speaker 1: can't do it right now. That's what we're seeing right now,
18:04
Speaker 1: and now we're finally starting to get some of this now.
18:08
Speaker 1: Speaker McCarthy also said today that the administrations fighting every
18:14
Speaker 1: step of the way against the Biden family business investigations.
18:17
Speaker 1: I want you to hear part of what he had
18:19
Speaker 1: to say in a sit down interview with Brightbart about this.
18:23
Speaker 1: Take a listen. We're seeing the investigations into President Biden
18:27
Speaker 1: and his family and his businesses, the family businesses Hunter
18:30
Speaker 1: Biden and James Biden, et cetera. Progress. We're seeing the
18:32
Speaker 1: Treasury Department resist providing those suspicious activity reports. There's hundreds
18:38
Speaker 1: of them. It's not easier than any other American It's
18:41
Speaker 1: not easy to get one of those to happen. And
18:44
Speaker 1: it's not with one bank, right Why could they? Why
18:47
Speaker 1: would they hold that up? So where does this investigation go?
18:51
Speaker 1: This is kind of where I want to last couple
18:54
Speaker 1: of things I want to talk about Jamie Comer has
18:57
Speaker 1: been doing an excellent job on this. He has a
18:59
Speaker 1: great information. But behind this, we were following the information
19:05
Speaker 1: every place it takes us. But what we're finding is
19:08
Speaker 1: the administration is fighting every step of the way. Why
19:11
Speaker 1: would they fight? It's it's very interesting to us. Why
19:15
Speaker 1: would they Why would they fight just the story on
19:17
Speaker 1: the laptop itself? Why would they go out of their
19:20
Speaker 1: way to get people who are on the Intel community
19:23
Speaker 1: to literally fifty two of them sign a letter to
19:26
Speaker 1: say it was false. Well, we're bringing those people in.
19:29
Speaker 1: We're going to cross every t dot, every eye, but
19:31
Speaker 1: we're going to get all the information here, right. And
19:33
Speaker 1: do you expect members of the First family, perhaps Hunter Biden,
19:37
Speaker 1: James Biden, some of those people were the people connected
19:40
Speaker 1: to them. We've done their business business for them to
19:43
Speaker 1: be testifying before committees. I won't prejudge the work that
19:47
Speaker 1: Congressman Comer is doing. The chairman, he's doing an excellent
19:51
Speaker 1: job and he will, I promise you this when we talk,
19:55
Speaker 1: he will follow it wherever it takes. But I want
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21:10
Speaker 1: The media is going to always try to make it
21:12
Speaker 1: sound like that this is a waste of time, that
21:15
Speaker 1: there's nothing there, that this has been going on for
21:17
Speaker 1: years and years and years, and that there's no there there.
21:21
Speaker 1: This is absolutely something that the Republicans should spend a
21:25
Speaker 1: lot of time effort looking into, because the people that
21:29
Speaker 1: voted for these Republicans want answers these questions. And if
21:33
Speaker 1: there were crimes that were committed by the Biden crime family,
21:35
Speaker 1: and I believe that there were based on the evidence
21:38
Speaker 1: that I've seen, I want there to be accountability. That's
21:41
Speaker 1: the most important thing for me is the accountability. So
21:45
Speaker 1: I don't buy into this media narrative now that oh wow,
21:49
Speaker 1: this has been going on forever and they're just trying
21:51
Speaker 1: to hurt this is all political. I don't believe it's political.
21:55
Speaker 1: I believe this is corruption, and I believe that this
21:58
Speaker 1: present is compromised by our adversaries. How do they do it?
22:03
Speaker 1: They did it by giving money to a crackhead. They
22:06
Speaker 1: gave money to Joe Biden, the big guy. They gave
22:09
Speaker 1: billions of dollars in loans to the Biden crime family
22:13
Speaker 1: so they can make millions and millions of dollars off
22:16
Speaker 1: of shady business deals. While he claimed he was serving
22:19
Speaker 1: this country. This is no different than the corruption we
22:22
Speaker 1: see in Mexico, in Venezuela and Russia with oligarchs. In essence,
22:26
Speaker 1: I would say the bidens are oligarchs that are now
22:29
Speaker 1: back in office, and that's the part that is the
22:33
Speaker 1: most disgusting. So none of us should be discouraged by
22:38
Speaker 1: the amount of time this takes. Now, I also want
22:41
Speaker 1: to give you another story, an updated on another important story,
22:44
Speaker 1: and that's this. Many of you have been seeing what's
22:47
Speaker 1: been happening because of the fallout from Silicon Valley Bank.
22:50
Speaker 1: You've seen that there was a second bank that failed.
22:52
Speaker 1: Now there's Credit Swiss that's having major problems for its
22:56
Speaker 1: completely different reasons, by the way, But what we are
23:00
Speaker 1: seeing right now is that this bank, Silicon Valley Bank,
23:05
Speaker 1: they got a bailout with your tax dollars. And they
23:07
Speaker 1: got this bailout because the bank was a woke liberal
23:11
Speaker 1: bank that was giving tens of millions of dollars to
23:14
Speaker 1: woke ideologies. They were giving millions and millions of dollars
23:19
Speaker 1: to groups like Black Lives Matter. And now what we're
23:22
Speaker 1: seeing is after the Democrats have orchestrated this bailout for
23:26
Speaker 1: this woke liberal Green Bank, Chuck Schumer and many other
23:30
Speaker 1: Democrats are rushing to give back donations from the Silicon
23:35
Speaker 1: Valley Bank CEO. We know that Schumer got maximum donations
23:39
Speaker 1: of five thousand, eight hundred dollars from the bank's former CEO.
23:44
Speaker 1: What does that get you, I guess a big bailout.
23:47
Speaker 1: Senate Majority Leader Chuck Schumer gave back a total of
23:50
Speaker 1: eight thousand and five hundred to a charity on Tuesday,
23:53
Speaker 1: after receiving the sum in donation from the SVP and
23:57
Speaker 1: its former CEO, Greg Becker. Becker had donated the fifty
24:02
Speaker 1: eight hundred Schumer's campaign in twenty twenty one, and the
24:05
Speaker 1: bank's pack had offered up to offered up two thousand
24:09
Speaker 1: and seven hundred and twenty fifteen. Now. Schumer's office did
24:13
Speaker 1: not immediately respond to request for a comment, nor did
24:15
Speaker 1: a detail which charities the funds have been sent to. Meanwhile,
24:20
Speaker 1: Representive Maxim Waters, another Democrat from California, says she also
24:25
Speaker 1: plans to return donation she received from the pack. Svb's
24:30
Speaker 1: political arm gave Waters two thousand and five hundred for
24:33
Speaker 1: the twenty twenty election cycle as well. Yes, I will
24:38
Speaker 1: send it back, she told Politico walking through the halls
24:41
Speaker 1: of Congress and said that when asked about these funds,
24:45
Speaker 1: now here's what we also know. Federal regulators seized control
24:50
Speaker 1: of the bank on Friday of last week after a
24:53
Speaker 1: bank run collapsed the company. Then what we found out
24:57
Speaker 1: was this bank was shady and corrupt as hell by
25:00
Speaker 1: not running a bank in the traditional manner. President Biden
25:04
Speaker 1: assured Americans they should quote feel confident in the banking system.
25:08
Speaker 1: On Monday, his administration a guaranteed that svb's depositors will
25:14
Speaker 1: have access to their funds. He has said they will
25:17
Speaker 1: come at no cost to the US taxpayers. We know
25:21
Speaker 1: now that that is, by the way, a lie. No
25:24
Speaker 1: losses will be borne by the taxpayers, Biden said. Instead,
25:27
Speaker 1: they said the money will come from the fees that
25:30
Speaker 1: banks pay into the Deposit Insurance Fund because of the
25:35
Speaker 1: actions that our regulators have already taken, He said, every
25:39
Speaker 1: Americans should feel confident that their deposits will be there
25:43
Speaker 1: if and when they need them. All right, So put
25:47
Speaker 1: all that together, and what do we know. Biden also
25:50
Speaker 1: says administration will soon fire all of the bank's leadership,
25:53
Speaker 1: including Becker, who donated the funds to Chuck Schumer. So
26:00
Speaker 1: they're gonna fire all these people, but they all got
26:02
Speaker 1: bailed out, and all the people that had money in
26:04
Speaker 1: the bank got bailed out. Now this matters in so
26:09
Speaker 1: many different ways now, And I say it matters because
26:13
Speaker 1: basically what you can do is you can buy now
26:16
Speaker 1: the FDIC, You can buy a bailout just by giving
26:19
Speaker 1: enough money to the players that can bail you out.
26:23
Speaker 1: When they're in office, Maxine Waters and others are now saying, Wow,
26:29
Speaker 1: the depositors in this bank, they deserve help, and that's
26:33
Speaker 1: why we gave them the special treatment that they needed.
26:36
Speaker 1: We also know that Barney Frank defends his Signature Bank gig.
26:41
Speaker 1: He said, quote, I need to make some money after
26:44
Speaker 1: he left Washington. That's what represented Barney Frank told the
26:48
Speaker 1: Financial Times while defending his role as a board member
26:51
Speaker 1: of the second bank that failed this last week, Signature Bank,
26:55
Speaker 1: which was shut down by the New York State regulators
26:57
Speaker 1: on Sunday. So this guy was in Washington, he was
27:01
Speaker 1: he had a lot of pull, and then all of
27:03
Speaker 1: a sudden he goes the Signature Bank to sit on
27:05
Speaker 1: its board, makes a ton of money doing it, and
27:08
Speaker 1: then that bank collapses. More of the story. These woke banks,
27:13
Speaker 1: they played the game and they knew they would get
27:15
Speaker 1: a bailout. That this failed Silicon Valley bank, by the way,
27:20
Speaker 1: gave Black Lives Matter over seventy three million dollars. Okay,
27:25
Speaker 1: that's how much money they gave. So when the bank collapsed,
27:29
Speaker 1: that's seventy three million. A Black Lives Matter was basically
27:32
Speaker 1: an insurance policy because they knew that the government was
27:35
Speaker 1: going to build them out, because they are a hardcore,
27:37
Speaker 1: woke liberal bank. This again, SVP's donations were part of
27:43
Speaker 1: nearly eighty three billion that Black Lives Matter Moment received
27:46
Speaker 1: from Corporate America. As a point of reference, eighty two
27:51
Speaker 1: point nine billion is more than the GDP of forty
27:56
Speaker 1: six African countries in twenty twenty the Ford Motor Company profits.
28:01
Speaker 1: To put in perspective, we're twenty three billion. Think about that.
28:05
Speaker 1: So you've got eighty two point nine million, including more
28:09
Speaker 1: includes more than one hundred and twenty three million to
28:11
Speaker 1: the Black Lives Matter parent organizations directly, as well as
28:15
Speaker 1: much more to other organizations supporting the Black Lives Matter agenda.
28:21
Speaker 1: All right, lastly, please make sure you hit that subscribe
28:24
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28:28
Speaker 1: this podcast right now and take a moment to write
28:30
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