Fri Mar 17, 2023, 07:28 PM

Biden, Democratic National Committee will return political donations from Silicon Valley Bank execs

Source: USA Today

The Democratic National Committee and President Joe Biden's 2020 campaign will return political donations tied to Silicon Valley Bank in the aftermath of the bank's collapse, the DNC told USA TODAY on Friday.

Biden's presidential campaign and PACs received at least $11,900 from SVB executives, according to records from the Federal Election Commission.

Silicon Valley Bank managing director Gerald Brady donated $5,600 to Biden for President in 2020, according to FEC records.

Claire Lee, the former brand ambassador and head of startup banking who took over one of Brady's roles running a division of Silicon Valley Bank, gave $6,300 to the Biden Victory Fund.

Read more: https://www.usatoday.com/story/news/politics/2023/03/17/svb-collapse-biden-dnc-political-donations/11491105002/

Pocket change, but the right thing to do.

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10 replies	Author	Time	Post
Biden, Democratic National Committee will return political donations from Silicon Valley Bank execs (Original post)	News Junkie	Mar 17	OP
Banks have no business making political donations to ANY political party	FakeNoose	Mar 17	#1
I believe the contributions were from bank executives	MichMan	Mar 17	#3
Why ? Keep the money. Why give it back to them ?	JI7	Mar 17	#2
This is pretty standard for majority of politicians to give back the money to	jimfields33	Mar 17	#5
And how many times do Republicans do it ???	DemocraticPatriot	Mar 17	#6
How people can't see how much better we are than Repugs is way beyond me.	Ligyron	Mar 17	#8
Really?	FredGarvin	Mar 17	#7
Good!	Cha	Mar 17	#4
Pocket change, peanuts, chicken feed.	ShazzieB	Saturday	#9
Have all the FTX donations been returned?	MichMan	Sunday	#10

Response to News Junkie (Original post)

Fri Mar 17, 2023, 07:52 PM

FakeNoose (28,402 posts)

1. Banks have no business making political donations to ANY political party

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Response to FakeNoose (Reply #1)

Fri Mar 17, 2023, 08:04 PM

MichMan (9,013 posts)

3. I believe the contributions were from bank executives

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Response to News Junkie (Original post)

Fri Mar 17, 2023, 07:56 PM

JI7 (87,738 posts)

2. Why ? Keep the money. Why give it back to them ?

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Response to JI7 (Reply #2)

Fri Mar 17, 2023, 08:08 PM

jimfields33 (12,410 posts)

5. This is pretty standard for majority of politicians to give back the money to

Entities that are out of popularity among the country. Happens all the time.

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Response to jimfields33 (Reply #5)

Fri Mar 17, 2023, 08:30 PM

DemocraticPatriot (1,930 posts)

6. And how many times do Republicans do it ???

No instance comes to mind, just off the top of my head....

It seems to me it is always the Democrats who practice unilateral disarmament....

Yeah, we are better than they are, but the rewards seem few.
Anyway, these are 3 year old contributions, received in good faith...
I don't see any necessity to give them back, but yeah, it is pocket change,
and possibly good public relations for a public that mostly ignores our virtues...

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Response to DemocraticPatriot (Reply #6)

Fri Mar 17, 2023, 09:28 PM

Ligyron (7,019 posts)

8. How people can't see how much better we are than Repugs is way beyond me.

Better in all ways, more honest and always having the average american's interest at heart. Always working on issues that polls show are the biggest concerns of middle Americans and introducing bills that address those that almost always blocked in some way by guess who? The party that caters almost exclusively to corporations and the uber wealthy and has done exactly zip for their constituents that voted them into office.

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Response to jimfields33 (Reply #5)

Fri Mar 17, 2023, 08:54 PM

FredGarvin (323 posts)

7. Really?

>>This is pretty standard for majority of politicians to give back the money to
Entities that are out of popularity among the country. Happens all the time.

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Response to News Junkie (Original post)

Fri Mar 17, 2023, 08:07 PM

Cha (283,899 posts)

4. Good!

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Response to News Junkie (Original post)

Sat Mar 18, 2023, 10:44 AM

ShazzieB (10,442 posts)

9. Pocket change, peanuts, chicken feed.

Remember, these bank execs tremely wealthy people. I'm sure they didn't even miss that amount of money. Giving it back is definitely the right thing to do.

I wonder how much money SVB execs gave Trump. However much it was, we can rest assured that he won't part with one red cent unless there's blackmail involved.

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Response to News Junkie (Original post)

Sun Mar 19, 2023, 01:00 PM

MichMan (9,013 posts)

10. Have all the FTX donations been returned?

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