capitalism

USA

US banks want socialism for themselves – and capitalism for everyone else | Robert Reich

Greg Becker, the former CEO of Silicon Valley Bank, sold $3.6m of SBV shares on 27 February, just days before the bank disclosed a large loss that triggered its stock slide and collapse. Over the previous two years, Becker sold nearly $30m of stock. But Becker won’t rake in the most from this mess. Jamie Dimon, chair and CEO of…