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:
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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.
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:
NBC News, Insider, The Hill, Grid News, Washington Times and Alternet.org
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 …
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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.
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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:
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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 Financial Times
David Dayen / American Prospect:
The Silicon Valley Bank Bailout Didn't Need to Happen
The Silicon Valley Bank Bailout Didn't Need to Happen
Discussion:
Ace of Spades HQ, Associated Press, Fox Business, KTLA, 40 Years In The Desert, The Guardian and Power Line
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Unlimited deposit insurance
Discussion:
Forbes, Mercury News, Wall Street Journal, Washington Post, Financial Times, Bloomberg and Grid News
Philip Klein / National Review:
Silicon Valley Bank Depositor Bailout Makes Mockery of ‘Too Big to Fail’
Silicon Valley Bank Depositor Bailout Makes Mockery of ‘Too Big to Fail’
Discussion:
Financial Times, Associated Press, The Panoptic View, New York Post and Raw Story
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:
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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:
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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, Morning Shots, CBS News and USA Today
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David Siders / Politico:
Trump continues to suck the air out of the GOP primary
Trump continues to suck the air out of the GOP primary
Discussion:
Raw Story
Charlie Savage / New York Times:
Gavel to Pass to New Chief Judge Overseeing Grand Jury in Trump Inquiry
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:
Forbes, CNN, Raw Story, Washington Examiner, Talking Points Memo, CBS News, Poynter, UPI, Damn Straight!, BizPac Review, New York Post, Digby's Hullabaloo, The Dean's Report, New York Times and Fox 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 …
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:
Colorado Politics, Raw Story 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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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, NBC News, RedState, New York Times, UPI, Fox News, Fortune, TASS, Twitchy, CBS News, Hong Kong Free Press HKFP, Deadline, Rolling Stone, WTOP News, The Daily Caller, Variety, The Hill and The Hollywood Reporter
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
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CNN, Forbes, New York Magazine, Rolling Stone, Washington Examiner, Bloomberg, The Hill, Raw Story, Joe.My.God., Progress Pond and Just The 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 …
Discussion:
The Guardian
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
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 …
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.
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Lisa Friedman / New York Times:
Biden Administration Approves Huge Alaska Oil Project
Biden Administration Approves Huge Alaska Oil Project
Discussion:
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New York Times:
‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor — In the exclusive neighborhoods and palatial shopping malls of the United Arab Emirates' biggest city, wealthy Russians can build a new life without having to cut ties to their home country.
Public Notice:
Why an indictment may actually boost Trump's campaign — Trump claims being indicted is likely to enhance his numbers. For once he's not lying. — I've long said I'll believe Trump is getting indicted when it happens, and not a second before. That moment isn't here yet …
Discussion:
USA Today
Washington Post:
Biden celebrates Aussie nuke deal that angered France — Welcome to The Daily 202! Tell your friends to sign up here. On this day in 1933, American banks reopened after a week-long “holiday” that President Franklin D. Roosevelt had declared to stem a national bank run. — The big idea
Discussion:
Wall Street Journal, UPI, New York Times and WTOP News
Christopher Kane / Washington Blade:
White House condemns Pence's homophobic, misogynistic comments — Press Secretary Karine Jean-Pierre said former vice president ‘should apologize’ — White House Press Secretary Karine Jean-Pierre (Washington Blade file photo by Michael Key) — White House Press Secretary Karine Jean-Pierre issued …
Discussion:
Breitbart
Politico:
How Democrats disarmed a brewing Senate battle in Michigan — What looked at first like a Democratic free-for all for Michigan's open Senate seat is nearly over already. Which is exactly what Debbie Stabenow and Senate Majority Leader Chuck Schumer wanted.
Discussion:
Alternet.org
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 …
Discussion:
NBC News, USA Today, RedState, National Review, PJ Media and BizPac Review