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:
Discussion:
Stratechery, NOQ Report, Letters from an American, Wall Street Journal, ICBA, Punchbowl News, Grid News, CoinDesk, RedState, Reason, The Lever, KXAN-TV, CNBC, AIER, The Verge, Summit News, TechCrunch, Wired, CalMatters, Apricitas Economics, USA Today, Drezner's World, Axios, CNN, Fortune, Quartz, IJR, HN Digest, The Gateway Pundit, Los Angeles Times, Today's Edition Newsletter, Clean & Green, Financial Times, The Rational Walk, Engadget, The Dispatch, Politico, Fox Business, All Facts Matter, The Hill, Power Line, Adventus, Gothamist, New York Magazine, Breitbart, Variety, The Post Millennial, Deadline, Krassenstein's Democratic …, Ace of Spades HQ and Blue Virginia, more at Techmeme »
RELATED:
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:
The Hill, Breitbart, Reuters, CNN, Joe.My.God., Bloomberg, Fox Business, TASS and Washington Times
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 …
Discussion:
Bloomberg, New York Times, Quartz, Wall Street Journal, NOQ Report, The Times of Israel, Erick Erickson's Show Notes, Money Guide, Exact Macro Market Monitor, Washington Examiner, The Post Millennial, The Rosen Report, CBS News, The Information, RedState, Reuters, NBC 5 Dallas-Fort Worth, Fortune, Financial Times and CoinDesk, more at Techmeme »
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, more at Techmeme »
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:
Insider, The Hill, Washington Times and Alternet.org
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.
Discussion:
Washington Free Beacon, CNBC, Washington Examiner, Too Close To Call, Washington Times, World Socialist Web Site, NPR, Dennis Hendrickson, NBC 5 Dallas-Fort Worth, The Hill, TechCrunch, The Information, Rolling Stone, Politico, CBS News, National Review, Associated Press and Financial Times
David Dayen / American Prospect:
The Silicon Valley Bank Bailout Didn't Need to Happen — The debate over protecting all deposits in a blink looks past the incompetence that got us here. — Sen. Mike Crapo (R-ID) is seen at a Senate Finance Committee hearing on March 7, 2023. Crapo was a principal sponsor of a bank deregulation bill in 2018.
Discussion:
Fox Business, 40 Years In The Desert, Breitbart, Associated Press, Power Line, The Rational Walk and Raw Story
New York Times:
Regulators Race to Contain Silicon Valley Bank Fallout and Close Signature Bank
Regulators Race to Contain Silicon Valley Bank Fallout and Close Signature Bank
Discussion:
Associated Press, Fox Business, Insider, Reuters, Wall Street Journal, CoinDesk, Poynter, CBS News, One America News Network, Financial Times, UPI, Le·gal In·sur·rec·tion, Fox News, New York Post, Fortune, Washington Examiner, The Gateway Pundit, The Information, ABC7, The Post Millennial, RedState and The Hill, more at Techmeme »
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Unlimited deposit insurance
Discussion:
Forbes, Bloomberg, Grid News and The Post Millennial
Bloomberg:
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
Discussion:
The Economist, Forbes and Fox Business
Vivek Ramaswamy / Wall Street Journal:
SVB Doesn't Deserve a Taxpayer Bailout
SVB Doesn't Deserve a Taxpayer Bailout
Discussion:
Cafe Hayek, Insider and Financial Times
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:
Washington Post, CNBC, New York Daily News, Politico, New York Times, Bloomberg, Wall Street Journal, Fox News, Insider, CNN, The Hill, The Daily Beast, Washington Examiner, CBS News, Washington Times, New York Post, NPR, Semafor, KNSD-TV, Financial Times, BizPac Review, UPI, Just The News, WPRI-TV, Roll Call and Axios
Wall Street Journal:
How Silicon Valley Turned on Silicon Valley Bank
How Silicon Valley Turned on Silicon Valley Bank
Discussion:
Al-Monitor, Wired, Metro.co.uk, The Daily Caller and National Review, more at Techmeme »
Christina Wilkie / CNBC:
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
Discussion:
HotAir, Wall Street Journal, CBS News, The Hill, WCAX-TV and The Post Millennial
Washington Post:
U.S. officials weigh protecting all deposits at Silicon Valley Bank
U.S. officials weigh protecting all deposits at Silicon Valley Bank
Discussion:
New York Times, CoinDesk, Breitbart, Wall Street Journal, Digby's Hullabaloo, Alternet.org, Common Dreams, Bloomberg, Fox Business, Joe.My.God., Financial Times, Global Community Weekly, The Hill, RedState, Noahpinion, NBC News, ScheerPost.com, The Post Millennial, GIANT FREAKIN ROBOT, New York Post and Fortune
Ken Sweet / Associated Press:
Can the chaos from Silicon Valley Bank's fall be contained?
Can the chaos from Silicon Valley Bank's fall be contained?
Discussion:
Axios, Fortune, Magnolia Tribune, David Reavill, Outside the Beltway, The Guardian, Associated Press, WTOP News, TechCrunch, New York Daily News, DCReport.org, Florida Politics, NBC 5 Dallas-Fort Worth, CBS News, Puck, NPR, Politico, KOIN-TV, Breitbart, Bloomberg, The Hill, Washington Examiner, ABC News, HotAir, NewsNation and East Bay Times
Wall Street Journal:
The Silicon Valley Bank Bailout
The Silicon Valley Bank Bailout
Discussion:
Financial Times, Washington Post, CNBC, Marginal REVOLUTION, Bloomberg, EdxCapital, BizPac Review, The Bitcoin Beat, Washington Examiner and Adventus
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
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
Discussion:
ABC News, New York Times, Kabezo's Newsletter, CBS News, Reuters, UPI, Josh's Substack, The Hill, Fortune and The Information
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:
Washington Examiner, Raw Story, CBS News, USA Today, IJR, New York Daily News, Alternet.org, National Review and The Hill
RELATED:
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 and Political Wire
Robert Spencer / PJ Media:
Even as Jan. 6 Narrative Implodes, Pence Still Blames Bad Orange Man for Endangering His Life
Even as Jan. 6 Narrative Implodes, Pence Still Blames Bad Orange Man for Endangering His Life
Discussion:
CNN, Talking Points Memo, Poynter, The Dean's Report, UPI, Damn Straight!, BizPac Review, New York Post, Digby's Hullabaloo, Breitbart, New York Times, Fox News, Mother Jones, CBS News, Insider, The Wrap, Rolling Stone, NPR, New York Magazine, Wall Street Journal, Washington Times and The Hill
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 and The Guardian
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
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 …
RELATED:
Jodi Picoult / The Daily Beast:
What Florida Doesn't Want You to Know About Its Book Bans
What Florida Doesn't Want You to Know About Its Book Bans
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:
Political Wire
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:
CNN, American Greatness, BizPac Review, Associated Press, Bloomberg, Washington Examiner, The DePaulia, WKBN-TV, CBS News, Politico, New Jersey Online and Political Wire
RELATED:
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:
CNN, Fortune, Fox News, The Hill, TASS, CBS News, Twitchy, Deadline, Rolling Stone, WTOP News, The Hollywood Reporter, Variety, The Wrap, New York Times, The Daily Beast and Vanity Fair
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 …
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
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 and NPR
Brittany Gibson / Politico:
Republicans release top targets of Democratic-held House seats in 2024 — The National Republican Congressional Committee will target 37 Democratic seats — sending the message that they are looking to expand their majority in 2024 rather than play defense.
Discussion:
Washington Examiner