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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 …
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New York Times, Bloomberg, Wall Street Journal, Quartz, Breitbart, Axios, NOQ Report, Roll Call, Erick Erickson's Show Notes, The Times of Israel, Money Guide, Exact Macro Market Monitor, Reuters, The Post Millennial, Washington Examiner, The Rosen Report, CBS News, The Information, RedState, NBC 5 Dallas-Fort Worth, Fortune, Financial Times and CoinDesk, 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:
NBC News, Insider, The Hill, Washington Times and Alternet.org
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, The Hill, Washington Examiner, Breitbart, The Hollywood Reporter, Reuters, Joe.My.God., The Guardian, New York Post, Bloomberg, Just The News, Fox Business, Financial Times, TASS, Washington Times and Axios
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:
Ace of Spades HQ, Fox Business, Breitbart, KTLA, 40 Years In The Desert, Associated Press and Power Line
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 …
Discussion:
The Economist, Forbes and Financial Times
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.
Wall Street Journal:
How Silicon Valley Turned on Silicon Valley Bank
How Silicon Valley Turned on Silicon Valley Bank
Discussion:
Stratechery, Al-Monitor, Wired, Metro.co.uk, The Daily Caller and National Review, more at Techmeme »
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Unlimited deposit insurance
Discussion:
Forbes, Mercury News, Wall Street Journal, Bloomberg, Financial Times, Grid News and The Post Millennial
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:
Bloomberg, The Guardian, Fox Business, Insider, Reuters, Financial Times, Associated Press, Wall Street Journal, One America News Network, Poynter, Joe.My.God., UPI, CBS News, Le·gal In·sur·rec·tion, Fox News, CoinDesk, New York Post, Fortune, Washington Examiner, The Gateway Pundit, The Information, ABC7, The Post Millennial and CNBC
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
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
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:
ABC News, CBS News, Washington Post, CNBC, New York Daily News, Insider, Politico, New York Times, Bloomberg, Wall Street Journal, Fox News, The Daily Beast, The Hill, Washington Examiner, Al Jazeera, CoinDesk, New York Post, RedState, Washington Times, Los Angeles Times, Semafor, NPR, KRQE-TV, TechCrunch, UPI, BizPac Review and The Daily Caller
Wall Street Journal:
The Silicon Valley Bank Bailout
The Silicon Valley Bank Bailout
Discussion:
Financial Times, Washington Post, Bloomberg, Marginal REVOLUTION, EdxCapital, CNBC, BizPac Review and The Bitcoin Beat
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, TechCrunch, Fortune, Magnolia Tribune, David Reavill, Associated Press, The Guardian, Outside the Beltway, WTOP News, New York Daily News, RedState, DCReport.org, Florida Politics, Puck, NPR and ABC News
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 — 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
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
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
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 …
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CNN, NBC News, New York Times, UPI, Fox News, Fortune, TASS, Twitchy, CBS News, Hong Kong Free Press HKFP, Deadline, The Daily Caller, Rolling Stone, WTOP News, The Hill, Variety, The Hollywood Reporter and The Wrap
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 UPI
Rachel Frazin / The Hill:
Biden approves controversial oil drilling project in Alaska — The Biden administration on Monday approved a massive drilling project in Alaska, allowing oil company ConocoPhillips to move ahead with the 30-year project over objections from environmental groups.
Discussion:
Fox News, CBS News, The Guardian, WTOP News, Common Dreams, Los Angeles Times, The Daily Caller, Just The News, WKBN-TV, Associated Press and ABC News
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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:
CNN, Forbes, Rolling Stone, Washington Examiner, Bloomberg, The Hill and Raw Story
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.
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Brittany Gibson / Politico:
Republicans release top targets of Democratic-held House seats in 2024
Republicans release top targets of Democratic-held House seats in 2024
Discussion:
The Hill and Washington Examiner
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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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 …
New York Times:
Judge in Abortion Pill Case Set Hearing but Sought to Delay Telling the Public — Saying he wanted safe and orderly proceedings, Judge Matthew J. Kacsmaryk asked lawyers not to disclose the hearing and planned to add it to the public case file only the evening before.
Discussion:
Washington Examiner, The Guardian, Talking Points Memo, National Review, Oregonian, Insider and Reason
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Chris Geidner / Law Dork with Chris Geidner:
Texas judge ignores his own rules to keep mifepristone case moves hidden from public
Texas judge ignores his own rules to keep mifepristone case moves hidden from public
Discussion:
Reuters and Off the Kuff