When you’re Gavin Newsom and in the Uncle Gordon P. Getty and Aunt Nancy Pelosi orbit, you own several prominent businesses, and your wife’s a radical Leftist Hollywood producer, you have.
When you’re Gavin Newsom and in the Uncle Gordon P. Getty and Aunt Nancy Pelosi orbit, you own several prominent businesses, and your wife’s a radical Leftist Hollywood producer, you have a lot of “friends” in California. Gavin Newsom has a lot of friends at one of his favorite banks: the failed Silicon Valley Bank (SVB). The bank supported three of his wine companies and gave a very generous donation to Newsom’s “First Partner’s” (wife’s) charity at the governor’s behest. And why wouldn’t it? SVB’s president sits on the board of Jennifer Lynn Siebel Newsom.
Don’t try this at home.
EXCLUSIVE: We’ve obtained photos of Governor Gavin Newsom at the Napa dinner party he’s in hot water over. The photos call into question just how outdoors the dinner was. A witness who took photos tells us his group was so loud, the sliding doors had to be closed. 10pm on @FOXLA pic.twitter.com/gtOVEwa864
Bill Melugin (@BillFOXLA) November 18, 2020
Even as he enthusiastically lauded Joe Biden’s “swift and decisive” takeover of that and, indeed all of the nation’s banks with the president’s bailout promises, you think he would have mentioned somewhere along the line that hey, I’ve got why money tied up in this cluster too. But no.
The Intercept first reported that “CADE, Odette, and PlumpJack, three wineries owned by Newsom, are listed as clients of SVB on the bank’s website.” He also “maintained personal accounts at SVB for years, according to a longtime former employee of Newsom’s who handled his finances,” and his wife received charitable donations from the bank.
Newsom also didn’t mention his wife Jennifer Siebel’s professional ties to the bank. In 2021, Silicon Valley Bank gave $100,000 to the charity founded by Siebel, the California Partners Project, at the request of Newsom. John China, president of SVB Capital and responsible for SVB’s funds management, is himself a founding member of the California Partners Project’s board of directors. [emphasis added]
You’d think that the business owner and former investment advisor for the Getty Trust who became governor should have more business acumen than to keep his money in a bank that can’t seem to match the timing of its investments with its monthly bills, but maybe the friends and their perks were too good to give up.
