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Not Shocking: Governor Newsom’s Personal & Business Accounts Linked to Biden Administration’s Controversial Bailout of SVB

ByAlki David

Mar 14, 2023

In recent news, there was a significant development involving Silicon Valley Bank (SVB). Last Friday, the bank experienced a bank run and was subsequently taken over by the Federal Deposit Insurance Corporation (FDIC). However, just a few days later, California Governor Gavin Newsom praised the Biden administration for their quick action in intervening to protect the American economy and instill confidence in the banking system. What Governor Newsom didn’t mention was that the administration’s intervention also protected his own companies, Cade, Odette, and PlumpJack.

Upon further investigation, it was found that the three wineries owned by Governor Newsom were listed as clients of SVB on the bank’s website. In addition to his business accounts, the governor had also maintained personal accounts at SVB for several years, according to a former employee who handled his finances. The employee requested anonymity to avoid any professional repercussions.

Despite this revelation, Nathan Click, a spokesperson for Governor Newsom, made it clear that the governor’s business and financial holdings were being managed by a blind trust since he was first elected in 2018. While some may still have questions regarding the potential conflict of interest, Governor Newsom’s team maintains that there was no wrongdoing and that the blind trust ensures ethical business practices.

The situation with SVB highlights the importance of the Biden administration’s swift action in protecting the American economy and the banking system. Governor Newsom’s praise for the intervention is understandable, but some may argue that his own financial ties to SVB raise questions about his motives. Regardless, it is clear that the Biden administration’s decision to intervene will have far-reaching implications for the American economy, and its impact will be felt for years to come.

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.