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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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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:
HotAir, Raw Story, Fox News, CoinDesk, Jacobin, Insider, Cafe Hayek, Wall Street Journal, Wall Street Journal, NBC News, CBS News, The Hill and WCAX-TV
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, Grid News 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.
Wall Street Journal:
How Silicon Valley Turned on Silicon Valley Bank
How Silicon Valley Turned on Silicon Valley Bank
Discussion:
Stratechery, The Nation, Forbes, Al-Monitor, Los Angeles Times, Wired, Metro.co.uk and National Review, more at Techmeme »
Bloomberg:
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
Discussion:
The Economist, The Times of Israel, Forbes and Financial Times
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, Roll Call, Washington Times, Axios, Political Wire and PoliticusUSA
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, Fox Business, KTLA, 40 Years In The Desert, The Guardian, Associated Press and Power Line
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Unlimited deposit insurance
Discussion:
Forbes, Mercury News, Financial Times, Bloomberg and Wall Street Journal
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:
CBS News, ABC News, Washington Post, Insider, CNBC, The Daily Beast, New York Daily News, Fox News, Politico, New York Times, Wall Street Journal, Bloomberg, The Hill, Washington Examiner, Associated Press, Al Jazeera, CoinDesk, American Greatness, Florida Phoenix, New York Post, RedState, Los Angeles Times, WOOD-TV, Washington Times, NPR, TechCrunch, BizPac Review, UPI, Semafor 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, BizPac Review, CNBC and The Bitcoin Beat
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:
CBS News, Bloomberg, Breitbart, Words & Deeds, The Guardian, Fox Business, Insider, Financial Times, Magnolia Tribune, One America News Network, Poynter, Joe.My.God., Associated Press, UPI, Reuters, Le·gal In·sur·rec·tion, Fox News, CoinDesk, New York Post, Fortune, Washington Examiner, The Information, ABC7, Gothamist and New York Daily News
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, Forbes, Washington Examiner, Bloomberg, The Hill, Washington Post, Raw Story, Joe.My.God., Progress Pond and Just The News
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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 …
Discussion:
Associated Press, New York Magazine, CBS News, Insider, Wall Street Journal, Talking Points Memo and WTOP 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.
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, RedState, Raw Story, Morning Shots and CBS News
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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
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 and The Hill
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
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, Joe.My.God. and Crooks and Liars
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 …
David Frum / The Atlantic:
The Iraq War Reconsidered — The U.S.-led invasion was a grave and costly error. But 20 years on, another assessment is possible. — Twenty years ago, the United States went to war in Iraq to destroy Saddam Hussein's weapons of mass destruction. Except for an arsenal of chemical-warfare shells …
Discussion:
Washington Examiner, The New Arab and UnHerd
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.
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
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