Newsom hailed the Silicon Valley Bank bailout, but did not point out his own business with the institution: Report

The Intercept reports that while California Gov. Gavin Newsom, a Democrat, has expressed support for the bailout of Silicon Valley Bank depositors, the Golden State governor failed to point out that he is a client of the belly-up bank.

Linking to a document titled "Silicon Valley Bank Wine Division Premium Wine Client Promotions," the Intercept claimed that wineries owned by the governor — CADE, Odette, and PlumpJack — are listed as clients. Newsom kept personal accounts at the bank for years, according to a former Newsom employee, the outlet said.  ---More...