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8:55 PM ET, March 12, 2023

memeorandum

 Top Items: 
Board of Governors of the Federal Reserve System:
Joint Statement by Treasury, Federal Reserve, and FDIC  —  Board of Governors of the Federal Reserve System  —  Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:
RELATED:
Washington Post:
U.S. officials weigh protecting all deposits at Silicon Valley Bank  —  Extraordinary step eyed if plan to sell SVB to another institution fails  —  Federal authorities are seriously considering safeguarding all uninsured deposits at Silicon Valley Bank, weighing an extraordinary intervention …
New York Times:
Regulators Race to Contain Silicon Valley Bank Fallout and Close Signature Bank  —  The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from the collapse of Silicon Valley Bank.  —  Federal regulators announced on Sunday that they would ensure …
Board of Governors of the Federal Reserve System:
Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors  —  To support American businesses and households, the Federal Reserve Board on Sunday announced …
Discussion: Fortune and The Information
Ken Sweet / Associated Press:
Can the chaos from Silicon Valley Bank's fall be contained?  —  Can Washington come to the rescue of the depositors of failed Silicon Valley Bank?  Is it even politically possible?  —  That was one of the growing questions in Washington Sunday as policymakers tried to figure out whether …
Politico:
'There's going to be more': How Washington is bracing for bank fallout  —  The sudden collapse of Silicon Valley Bank has sent shockwaves across Washington, sparking fears that its failure could threaten the financial system and rattle the economy.  —  Lawmakers are scrambling to get information …
NBC News:
Treasury says it will back Silicon Valley Bank deposits  —  The bank, a favorite of tech startups, was shut down Friday amid a run on deposits.  A buyout was widely seen as the best solution amid an unsure sector.  —  The U.S. Treasury on Sunday announced it would back Silicon Valley Bank deposits beyond …
ABC News:
Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full  —  The Fed also announced it will make additional funding available.  —  The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced Sunday …
Matthew Monks / Bloomberg:
FDIC Auction for Failed SVB Underway, Final Bids Due Sunday  —  The Federal Deposit Insurance Corp. kicked off an auction process late Saturday for Silicon Valley Bank, with final bids due by Sunday afternoon, according to people familiar with the matter.  —  The FDIC is aiming for a swift deal …
CBS News:
Transcript: Treasury Secretary Janet Yellen on “Face the Nation,” March 12, 2023
Ken Tran / USA Today:
Treasury Secretary Janet Yellen: No bailout for Silicon Valley Bank, focus is on helping depositors
Stephen Neukam / The Hill:
McCaul says Pence right in condemning Trump for Jan. 6  —  Rep. Michael McCaul (R-Texas) on Sunday said former Vice President Mike Pence was right to criticize former President Trump for Trump's role in the Jan. 6, 2021 insurrection, saying “history will judge everyone” for their decisions on that day.
RELATED:
Dean Obeidallah / The Dean's Report:
If Mike Pence continues his refusal to tell investigators the details of Trump's Jan 6 attack, he must be viewed as complicit
Anshel Pfeffer / Haaretz:
Netanyahu's Response to Iran-Saudi Deal Shows a Growing Detachment From Reality  —  Benjamin Netanyahu's insistence that he is the one leading the Western world's fight against Iran and that peace with the Saudis is within reach shows how disconnected he is both at home and abroad
Discussion: Associated Press
RELATED:
Sarah K. Burris / Raw Story:
A former producer of the largest Fox show calls Trump supporters inbred ‘terrorists’  —  Anyone who has lost a family member to right-wing conspiracy theories knows that Fox News has been a key piece of that.  Now it's being revealed that even Fox execs view their own viewers with the most offensive terms.
RELATED:
Washington Post:
Ex-Trump aide at Fox wrestled with election lies, network's interests
Discussion: New York Times and Raw Story
Kyle Cheney / Politico:
Prosecutors say newly aired Chansley footage paints misleading portrait of his Jan. 6 conduct  —  Prosecutors on Sunday rejected the notion that newly public footage of Jacob Chansley — known as the QAnon Shaman — accompanied by police in the Capitol undercuts his criminal conduct on Jan. 6, 2021.
CNN:
Half a million Israelis join latest protest against Netanyahu's judicial overhaul, organizers say  —  Half a million Israelis took to the streets in the tenth consecutive week of protests against plans by the government of Benjamin Netanyahu to overhaul the country's judicial system, organizers claimed.
Discussion: Haaretz and Raw Story
RELATED:
Bethany Barnes / Tampa Bay Times:
A Tampa teen was racially harassed by her teacher.  He's bullied students for years.  —  Hillsborough records show allegations ranged from performing a Nazi salute to calling a transgender student a slur. … TAMPA — Until her teacher brought up her race, it had been an otherwise unremarkable …
David Edwards / Raw Story:
‘Ratings were dropping’: Fox News reverses course and allows host to report on Dominion lawsuit  —  Fox News management had a change of heart and allowed host Howard Kurtz to report on Dominion Voting Systems' lawsuit against the network.  —  On a broadcast weeks earlier …
Discussion: The Hill, Fox News and The Guardian
Laura Reiley / Washington Post:
Moooove over: How single-celled yeasts are doing the work of 1,500-pound cows  —  Cowless dairy is here, with the potential to shake up the future of animal dairy and plant-based milks  —  BERKELEY, Calif. — The first course was a celery root soup lush with whole milk.
Doug Livingston / Akron Beacon Journal:
Two arrested after protesters and supporters clashed at Wadsworth drag queen story hour  —  Hundreds of protesters, including armed white supremacists, and LGBT-community supporters descended on Wadsworth's Memorial Park on Saturday as a humanist group tried to put on a drag queen storytelling event for children.
 
 
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 More Items: 
CNN:
Norfolk Southern balks at compensating homeowners in East Palestine
Juliana Kim / NPR:
In military academies, 1 in 5 female students said they experienced sexual assault
Discussion: Just The News
Ayesha Rascoe / NPR:
He was with Emmett Till the night he was murdered. The horror haunts him still
Ian Millhiser / Vox:
No one knows when it is legal to perform medically necessary abortions in Texas
Ben Blanchet / HuffPost:
Ex-Trump White House Press Secretary Makes Revealing Claim On Work With Fox News
Discussion: Mediaite
Washington Post:
McCarthy and Jeffries want the House to work. So they started with each other.
 Earlier Items: 
Ellen Knickmeyer / Associated Press:
Saudi Arabia's golf case threatens to spill kingdom secrets
Lou Paskalis / Lou Paskalis on LinkedIn:
Recent revelations emanating from the Dominion Voting Systems defamation lawsuit against Fox Corporation are very troubling and present a moral hazzard for advertisers. …
Joey Cappelletti / Associated Press:
Gun reform coming in Michigan after 2nd school mass shooting
Politico:
‘Little fissures’: The U.S.-Ukraine war unity is slowly cracking apart
Discussion: CBS News
 

 
From Mediagazer:

Greg Stohr / Bloomberg:
Filing: Trump asks SCOTUS to pause the law that could ban TikTok, saying the court should give him time to “pursue a political resolution” of the dispute

CBS News:
Greg Gumbel, a CBS Sports anchor and commentator who covered the NFL and college basketball for more than 20 years, died at 78 of cancer

Youkyung Lee / Bloomberg:
Shares of South Korean entertainment companies related to Squid Game drop 20%+ following a less-than-perfect debut for the new season of the series on Netflix

 
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