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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 …
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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New York Daily News, Politico, Wall Street Journal, Fox News, CNN, The Hill, CBS News, Breitbart, New York Post, Reuters, Joe.My.God., NBC 5 Dallas-Fort Worth, UPI, Just The News, Fox Business, Bloomberg, Washington Times and TASS
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 …
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:
New York Times, Breitbart, Wall Street Journal, Digby's Hullabaloo, Alternet.org, Common Dreams, Joe.My.God., Fox Business, Wide World of News, Financial Times, Global Community Weekly, NBC News, RedState, Noahpinion, CoinDesk, The Hill, ScheerPost.com, The Post Millennial, New York Post and CNN
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.
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:
The Hill, Alternet.org, New York Post and Just The News
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 …
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ABC News, Reuters, New York Times, CBS News, The Hill, UPI, Josh's Substack, Fortune and The Information
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:
The Hill, The Panoptic View, New York Post, Lawyers, Guns & Money and Raw Story
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Unlimited deposit insurance
Discussion:
Forbes, Bloomberg, Grid News, The Post Millennial and Financial Times
Vivek Ramaswamy / Wall Street Journal:
SVB Doesn't Deserve a Taxpayer Bailout
SVB Doesn't Deserve a Taxpayer Bailout
Discussion:
Insider, Cafe Hayek, Financial Times and No More Mister Nice Blog
Wall Street Journal:
How Silicon Valley Turned on Silicon Valley Bank
How Silicon Valley Turned on Silicon Valley Bank
Discussion:
Wired, Metro.co.uk, The Daily Caller and National Review, more at Techmeme »
Jeff Cox / CNBC:
Regulators unveil plan to assure depositors will get money after SVB collapse
Regulators unveil plan to assure depositors will get money after SVB collapse
Discussion:
The Economist, Washington Examiner, Bloomberg, Forbes, Fortune, Engadget, NBC News, The Hill and New York Post
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, Outside the Beltway, The Guardian, CBS News, WTOP News, TechCrunch, Associated Press, NBC 5 Dallas-Fort Worth, DCReport.org, Florida Politics, Puck, NPR, Politico, KOIN-TV, Breitbart, Fortune, ABC News, Bloomberg, Washington Examiner, HotAir, NewsNation, East Bay Times, Washington Post and The Gateway Pundit
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:
USA Today, HotAir, BizPac Review, Wall Street Journal, The Hill and The Post Millennial
Wall Street Journal:
The Silicon Valley Bank Bailout
The Silicon Valley Bank Bailout
Discussion:
Financial Times, Washington Post, Marginal REVOLUTION, Bloomberg, EdxCapital, BizPac Review, The Bitcoin Beat, Adventus and Washington Examiner
Associated Press:
Yellen says no federal bailout for Silicon Valley Bank
Yellen says no federal bailout for Silicon Valley Bank
Discussion:
Fortune, New York Post, Magnolia Tribune, CNN, David Reavill, Fox Business, 40 Years In The Desert, Just The News, WPRI-TV, KNSD-TV, Roll Call, The Times of Israel, Exact Macro Market Monitor, UPI, WTOP News, NewsNation, New York Daily News, Power Line, Axios, Joe.My.God., GIANT FREAKIN ROBOT and Raw Story
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.”
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Raw Story, Poynter, CBS News, USA Today, New York Daily News, Alternet.org, National Review, The Hill, RedState and Washington Examiner
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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, Political Wire and HotAir
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, Washington Examiner, Talking Points Memo, 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, IJR, The Wrap, Rolling Stone, NPR, New York Magazine, The Hill, Wall Street Journal, Washington Times, The Daily Caller, Bloomberg and Al Jazeera
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, WTOP News, 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
Administration to Approve Huge Alaska Oil Project on Monday, Two Officials Say
Discussion:
Associated Press, CNN, Politico, Washington Examiner, Forbes, WTOP News, Lawyers, Guns & Money, BizPac Review, The Guardian, Al Jazeera, The Hill, Wall Street Journal and Bloomberg
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
Jodi Picoult / The Daily Beast:
What Florida Doesn't Want You to Know About Its Book Bans — My books are among those getting pulled off shelves, but here is why we should should care about all of them. … The seventh time I learned that my novel Nineteen Minutes was being banned in a school district, I was watching a book burning.
Discussion:
Raw Story
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Judd Legum / Popular Information:
Florida book bans are not a hoax
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
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, Vanity Fair and Semafor
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
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 and PoliticusUSA
Lara Seligman / Politico:
PETA urges Pentagon to stop ‘disturbing’ radiation tests on ferrets, monkeys — POLITICO reported that the Army is funding experiments on animals to find the possible source of the mysterious “Havana Syndrome” ailments. — A prominent animal rights group is calling on the Pentagon to halt …
Discussion:
PETA
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