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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:
Discussion:
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Yun Li / CNBC:
Regulators close crypto-focused Signature Bank, citing systemic risk — U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. — “We are also announcing a similar systemic risk exception for Signature Bank …
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 …
Discussion:
Wall Street Journal, New York Times, Alternet.org, Common Dreams, Joe.My.God., Fox Business, Insider, Wide World of News, Financial Times, Global Community Weekly, NBC News, RedState, Noahpinion, CoinDesk, The Hill, ScheerPost.com, The Post Millennial, New York Post, CNN, Bloomberg, CNBC and Apricitas Economics
Summer Concepcion / NBC News:
Biden says ‘the banking system is safe’ after Silicon Valley Bank shutdown — President Joe Biden delivered remarks Monday on his administration's efforts to ease uncertainties about the banking system in the wake of the collapse of Silicon Valley Bank last week, the second-largest bank failure in U.S. history.
Discussion:
CNN, Reuters, Fox Business, Bloomberg, Washington Times and TASS
Rob Wile / NBC News:
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense. — Federal officials insisted their emergency measures to shore up deposits wouldn't come at taxpayers' expense. But the public could still bear some indirect costs, one expert warned.
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:
Reuters, New York Times, CBS News, The Hill, UPI, Josh's Substack, Fortune, The Information and The Rational Walk
Philip Klein / National Review:
Silicon Valley Bank Depositor Bailout Makes Mockery of ‘Too Big to Fail’ — The 2008 financial collapse and resulting Wall Street bailout popularized the concept of “too big to fail” — the idea that certain institutions were so massive, and so intertwined with the rest of the financial system …
Discussion:
The Panoptic View, New York Post, Lawyers, Guns & Money and Raw Story
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 …
Elizabeth Warren / New York Times:
We Can Prevent More Bank Failures
Discussion:
Alternet.org, New York Post, The Hill, Just The News and The Gateway Pundit
Jeff Cox / CNBC:
Regulators unveil plan to assure depositors will get money after SVB collapse
Discussion:
Washington Examiner, Forbes, Fortune, Engadget, NBC News, The Hill and New York Post
Wall Street Journal:
How Silicon Valley Turned on Silicon Valley Bank
Discussion:
Wired, Metro.co.uk, National Review and Washington Examiner, more at Techmeme »
Christina Wilkie / CNBC:
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
Discussion:
USA Today, HotAir, Associated Press, BizPac Review, Wall Street Journal, The Hill and The Post Millennial
Ken Sweet / Associated Press:
Can the chaos from Silicon Valley Bank's fall be contained?
Discussion:
Axios, Outside the Beltway, The Guardian, CBS News, TechCrunch, Associated Press, NBC 5 Dallas-Fort Worth, DCReport.org, Florida Politics, Puck, NPR, Politico, Breitbart, KOIN-TV, Fortune, ABC News, Bloomberg, Washington Examiner, HotAir, NewsNation, East Bay Times, Washington Post, The Gateway Pundit and CNBC
Adam Wren / Politico:
Inside Pence world's decision to go hard at Trump at the Gridiron — The Friday after Jan. 6, 2021, then-Vice President Mike Pence sat down for his daily devotions, thumbed his Bible to the New Testament and James 1:19, and read these words: “Be quick to listen, slow to speak and slow to become angry.”
Discussion:
Raw Story, USA Today, Alternet.org, The Hill and The Guardian
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David Siders / Politico:
Trump continues to suck the air out of the GOP primary
Discussion:
Raw Story and Political Wire
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
Discussion:
CNN, Talking Points Memo, Poynter, PJ Media, CBS News, UPI, World Socialist Web Site, Chicago Sun-Times, Mediaite, BizPac Review, New York Post, Raw Story, Digby's Hullabaloo, Breitbart, New York Times, Fox News, Mother Jones, Politico, IJR, Insider, The Wrap, Rolling Stone, New York Daily News, The Hill, NPR, New York Magazine, National Review, Wall Street Journal, Washington Times, HotAir, The Daily Caller, RedState, Bloomberg, Washington Examiner, Al Jazeera, Political Wire, USA Today, Vanity Fair, Axios and Washington Post
Washington Post:
Biden will approve Alaska oil project, alongside Arctic protections — The administration will approve three pads for the Willow drilling project, according to people familiar with the matter. The move comes after announcing a new ban on U.S. oil and gas leasing in the Arctic Ocean.
Discussion:
Associated Press, Washington Examiner, The DePaulia, CBS News, Politico, New Jersey Online and Political Wire
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Lisa Friedman / New York Times:
Administration to Approve Huge Alaska Oil Project on Monday, Two Officials Say
Discussion:
Associated Press, CNN, Politico, Washington Examiner, Forbes, Lawyers, Guns & Money, BizPac Review, Al Jazeera, The Guardian, The Hill, Wall Street Journal, Bloomberg and WTOP News
Marlise Simons / New York Times:
International Court to Open War Crimes Cases Against Russia, Officials Say — The cases before the International Criminal Court would accuse Russia of abducting Ukrainian children and of deliberately targeting civilian infrastructure. — The International Criminal Court intends to open …
Judd Legum / Popular Information:
Florida book bans are not a hoax — For months, Popular Information has documented how thousands of books have been removed from the shelves of Florida school libraries or have otherwise been made unavailable to Florida students. These actions were taken in response to new laws …
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Ed Pilkington / The Guardian:
Fox News braces for more turbulence as second defamation lawsuit advances — New York court greenlights $2.7bn suit against news channel by election company Smartmatic over 2020 presidential election lies — As Rupert Murdoch's Fox Corporation battles to contain the Dominion lawsuit scandal …
Discussion:
Raw Story
Tim Miller / The Bulwark:
The Colorado GOP's Slow-Rolling MAGA Suicide — A MAGA lunatic who tried to legally add “Let's Go Brandon” to his name now leads a decaying state party. — It was the early hours of November 5, 1998, well past my bedtime on a school night. Sister Sledge blared over the house speakers …
Discussion:
Raw Story, Colorado Politics, The Guardian and The Colorado Sun
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.
Discussion:
CNN, Washington Examiner, PoliticusUSA and HotAir
Jose Luis Gonzalez / Reuters:
Hundreds of migrants try to force their way into US at Mexico border — U.S. officials stopped hundreds of mostly Venezuelan migrants entering the country from Mexico on Sunday after a large group broke through Mexican lines to demand asylum in the U.S., only to be thwarted by barbed wire, barriers and shields.
Discussion:
The Hill, CNN, New York Post, Fox News, NPR and Washington Post
Chris Geidner / Law Dork with Chris Geidner:
Texas judge ignores his own rules to keep mifepristone case moves hidden from public — The news in The Washington Post's bombshell report conflicts with the principles behind Judge Matthew Kacsmaryk's own court requirements. — U.S. District Judge Matthew Kacsmaryk doesn't like information …
Discussion:
New York Times, The Guardian, National Review, Reuters, Alternet.org, CNN and The Texas Tribune
Public Policy Polling:
Trump and Mastriano have big leads in Pennsylvania Republican Primary for President and Senate — A new Public Policy Polling survey of Pennsylvania Republicans finds the party base wanting to continue its recent direction, with Donald Trump and Doug Mastriano holding 18 point leads in the races for President and Senate.
Discussion:
Washington Post
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