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Not a fair comparison, Newsom has a substantial portion of his money directly tied to the fate of this bank. If this were a legal case a judge would have to rec
by StrangeATractor 4y ago
Not a fair comparison, Newsom has a substantial portion of his money directly tied to the fate of this bank. If this were a legal case a judge would have to recuse himself.
- bdcravens 4y agoI suspect many YC companies also had money there.
- icedistilled 4y agoIf he was a FDIC decisionmaker, then yes he would have needed to recuse. He's the governor of CA and the FDIC just stopped major portions of california's economy from exploding. Of course he'd going to cheer that. It would be extremely odd and out of place for him not to cheer an action that likely prevented millions of californians from being out of work in a week or two. Big surprise that he is also touched by something that has a direct or immediate but indirect effect on ALL californians.