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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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Elizabeth Warren / New York Times:
We Can Prevent More Bank Failures — No one should be mistaken about what unfolded over the past few days in the U.S. banking system: These recent bank failures are the direct result of leaders in Washington weakening the financial rules. — In the aftermath of the 2008 financial crisis …
Discussion:
Politico, HuffPost, Insider, Vanity Fair, Fortune, Grid News, The Hill and Alternet.org
Christina Wilkie / CNBC:
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans — The money to fully reimburse depositors of the collapsed Silicon Valley Bank and the shuttered Signature Bank will be furnished by other banks, not taxpayers, Treasury officials said.
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CBS News, CoinDesk, Associated Press, CoinDesk, Raw Story, HotAir, Jacobin, Fox News, Insider, Wall Street Journal, Cafe Hayek, New York Post, Fortune, The Hill and Financial Times
Bloomberg:
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback — Eight years ago, Greg Becker delivered a blunt message to lawmakers in Washington: the bank he ran was not like Wall Street. — As chief executive officer of SVB Financial Group, he urged Congress to pass legislation …
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Financial Times, Forbes, The Economist, Jacobin and The Times of Israel, more at Techmeme »
Max Reyes / Bloomberg:
With Signature Bank's Collapse, US Reformer Barney Frank Watches His Own Lender Fail
With Signature Bank's Collapse, US Reformer Barney Frank Watches His Own Lender Fail
Discussion:
CNBC, Washington Examiner, CoinDesk, New York Post, The Rational Walk, The Daily Caller, The Gateway Pundit and Instapundit
Yun Li / CNBC:
Regulators close crypto-focused Signature Bank, citing systemic risk
Regulators close crypto-focused Signature Bank, citing systemic risk
Discussion:
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Sahil Kapur / NBC News:
Silicon Valley Bank collapse puts new spotlight on a 2018 bank deregulation law
Silicon Valley Bank collapse puts new spotlight on a 2018 bank deregulation law
Discussion:
Politico, The Daily Caller, Roll Call, Axios, Washington Times, Alternet.org and PoliticusUSA
Summer Concepcion / NBC News:
Biden says ‘the banking system is safe’ after Silicon Valley Bank shutdown
Biden says ‘the banking system is safe’ after Silicon Valley Bank shutdown
Discussion:
CBS News, Reuters, Fox News, Breitbart, The Guardian, New York Post, The Hollywood Reporter, The Hill, Joe.My.God., CNN, Bloomberg, Washington Examiner, Fox Business, Just The News, TASS, Financial Times, Washington Times and Axios
Rob Wile / NBC News:
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense.
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense.
Discussion:
CNBC, Common Dreams, Too Close To Call, Washington Free Beacon, Wall Street Journal, Washington Examiner, Washington Times, Poynter, World Socialist Web Site, The Panoptic View, Associated Press, Outside the Beltway, The Daily Caller, Dennis Hendrickson, NPR, Florida Politics and TechCrunch
Francesca Chambers / USA Today:
Banking crisis: President Joe Biden says taxpayer funds won't be used to bailout SVB, Signature bank
Banking crisis: President Joe Biden says taxpayer funds won't be used to bailout SVB, Signature bank
Discussion:
New Jersey Monitor, CBS News, NBC News, ABC News, New York Daily News, Reuters, The Hill, Breitbart, Associated Press, Washington Post, American Greatness, Insider, Fox News, CNBC, Ace of Spades HQ, The Daily Beast, Al Jazeera, CoinDesk, Politico, New York Post, New York Times, Bloomberg, Wall Street Journal, KFOR-TV, RedState, Washington Times, Los Angeles Times, NPR, BizPac Review, UPI, Semafor, TechCrunch, Washington Examiner, IJR and The Daily Caller
Jose Pagliery / The Daily Beast:
Trump Grand Jury Moves Into Final Phase as Key Witnesses Testify — A Manhattan District Attorney investigation into Donald Trump looks to be in its final stages as major witnesses testify before a grand jury—potentially including Trump himself. — New Yorkers on a grand jury …
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ABC News:
Trump has ‘no plans’ to participate in Manhattan grand jury probe, attorney says — Attorney Joe Tacopina spoke with George Stephanopoulos on Good Morning America. — Former President Donald Trump has “no plans” to participate in a Manhattan grand jury investigation into a — hush money payment
Discussion:
Rolling Stone, CNN, The Hill, Insider, CBS News, CNBC, Forbes, Washington Post, Raw Story, Washington Examiner, UPI, Bloomberg, Joe.My.God., Progress Pond and Just The News
Charlie Savage / New York Times:
Gavel to Pass to New Chief Judge Overseeing Grand Jury in Trump Inquiry — James E. Boasberg will take over from Beryl A. Howell as the chief judge of the Federal District Court in Washington, a post that plays a key role in the special counsel investigations into Donald J. Trump.
Edward Ongweso Jr / Slate:
The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank — If the technological innovation coming out of Silicon Valley is as important as venture capitalists insist, the past few days suggest they haven't been very responsible stewards of it.
Discussion:
TechCrunch, Financial Times, Words & Deeds, Breitbart and The Information, more at Techmeme »
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Wall Street Journal:
How Silicon Valley Turned on Silicon Valley Bank — The fallout threatens to engulf the startup world—and has exposed a new set of vulnerabilities for the banking system — Max Cho found himself in the middle of a bank run while sitting on a shuttle bus in Montana.
Discussion:
The Nation, Stratechery, Brownstone Institute, The Racket News, Forbes, Wired, Metro.co.uk, Al-Monitor, The Guardian and National Review, more at Techmeme »
David Gilbert / VICE:
An Ivermectin Influencer Died. Now His Followers Are Worried About Their Own ‘Severe’ Symptoms. — Danny Lemoi took a daily dose of veterinary-grade ivermectin and told his thousands of followers to give the drug to children. He died of a common side effect of the medication.
Discussion:
Raw Story, Crooks and Liars and Joe.My.God.
David Siders / Politico:
Trump continues to suck the air out of the GOP primary — It wasn't long ago that many Republicans believed the party might finally be ready to move past former President Donald Trump. Nikki Haley was running for president. Florida Gov. Ron DeSantis was embarking on a book tour …
Discussion:
Raw Story
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Adam Wren / Politico:
Inside Pence world's decision to go hard at Trump at the Gridiron
Inside Pence world's decision to go hard at Trump at the Gridiron
Discussion:
Washington Examiner, RedState, Raw Story, Morning Shots and CBS News
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
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 …
Discussion:
The Guardian and Alternet.org
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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 and The Guardian
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 …
Discussion:
Raw Story and Balloon Juice
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Andy Kessler / Wall Street Journal:
Who Killed Silicon Valley Bank? — WSJ Opinion: What's Up-or Down-with the U.S. Economy?
Discussion:
Bloomberg and Frank Corva's Newsletter
CNN:
House Oversight Chair Comer quietly subpoenas bank records for Hunter Biden business associates — House Oversight Chairman James Comer has quietly subpoenaed Bank of America asking for records relating to three of Hunter Biden's business associates, the committee's ranking Democrat …
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Glen Weldon / NPR:
Michelle Yeoh is the first Asian woman to win best actress Oscar — For the first time in its 95-year history, the Academy of Motion Picture Arts and Sciences has awarded the Oscar for best actress in a leading role to an Asian woman. Michelle Yeoh accepted the Oscar for her role …
Discussion:
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Heather Richards / E&E:
Biden closes Arctic to oil — after Willow — As the the Biden administration signaled it could soon approve a massive oil project on public lands in Alaska, President Joe Biden on Sunday declared the entire Arctic Ocean off-limits to oil and gas leasing. — As part of a “fire wall” …
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Benoît Morenne / Wall Street Journal:
Biden Administration Approves Drilling Project in Alaskan Arctic
Biden Administration Approves Drilling Project in Alaskan Arctic
Discussion:
E&E, Power Line, Common Dreams, NPR, Washington Post, The Western Journal, Politico and Just The News
Patrick McGeehan / New York Times:
Plans to Build AirTrain to La Guardia Are Officially Scrapped — Ballooning costs help doom what had been a pet project of former Gov. Andrew M. Cuomo. — There will be no AirTrain to La Guardia Airport. — Gov. Kathy Hochul has abandoned plans to build a light-rail link to La Guardia …
Discussion:
Joe.My.God.
Irin Carmon / The Cut:
Let's Talk Barbara Walters — Seventeen leading broadcasters on her legacy and making their way in the world she made. Barbara Walters died on December 30 at the age of 93 during a low ebb in the news cycle. Her home of 50 years, ABC News, pressed PLAY on a two-hour prime-time special …
Keith Zhai / Wall Street Journal:
China's Xi to Speak to Zelensky, Meet Next Week With Putin — Virtual meeting between Chinese and Ukrainian leaders would be first since start of war — Watch: China's Xi Jinping Secures Unprecedented Third Term as President … SINGAPORE—Chinese leader Xi Jinping plans to speak …
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Reuters, ZeroHedge News, Associated Press, New York Post, The Guardian, NPR, Semafor and TASS