Techno dollars, plastic accounts,
Incubate silently, suddenly cashing out,
Planning a clandestine flight,
Overruled the oversight,
When Feds come knocking on the door,
bail out the billionaires on the backs of the poor.
* According to the Washington Examiner: Silicon Valley Bank CEO Greg Becker cashed out stock options in the weeks leading up to Friday's collapse, netting him a $2.27 million profit, public filings reveal.
** According to Fortune, SVB CEO Greg Becker lobbied for the the relaxation of regulations on SVB and the regional banking system.
**According to Bloomberg, Paypal co-founder Peter Thiel's Founders Fund had no cash left in Silicon Valley Bank by the time the Feds took over the failing institution.