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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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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 …
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.
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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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Bloomberg:
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
SVB Failure Sparks Blame Game Over Trump-Era Regulatory Rollback
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The Economist, The Times of Israel, Jacobin, Forbes and Financial Times, more at Techmeme »
Summer Concepcion / NBC News:
Biden says ‘the banking system is safe’ after Silicon Valley Bank shutdown
Biden says ‘the banking system is safe’ after Silicon Valley Bank shutdown
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Wall Street Journal:
KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse
KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse
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The Daily Caller
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 and PoliticusUSA
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Unlimited deposit insurance
Discussion:
Washington Examiner, Forbes, Mercury News, Financial Times, Bloomberg, Wall Street Journal and BizPac Review
David Dayen / American Prospect:
The Silicon Valley Bank Bailout Didn't Need to Happen
The Silicon Valley Bank Bailout Didn't Need to Happen
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CNBC, RedState, Ace of Spades HQ, Fox Business, KTLA, 40 Years In The Desert, Associated Press, The Guardian and Power Line
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
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New Jersey Monitor, CBS News, ABC News, The Hill, New York Daily News, CNBC, Washington Post, Reuters, Insider, The Daily Beast, Politico, Breitbart, New York Times, Bloomberg, Associated Press, Wall Street Journal, Fox News, Washington Examiner, American Greatness, Al Jazeera, CoinDesk, Ace of Spades HQ, New York Post, RedState, KFOR-TV, Washington Times, Los Angeles Times, NPR, BizPac Review, UPI, Semafor, TechCrunch and The Daily Caller
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’
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CBS News, Financial Times, Associated Press, The Panoptic View, New York Post and Raw Story
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.
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Adam Wren / Politico:
Inside Pence world's decision to go hard at Trump at the Gridiron
Inside Pence world's decision to go hard at Trump at the Gridiron
Discussion:
Washington Examiner, RedState, Raw Story, Morning Shots and CBS News
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
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, Forbes, Raw Story, Talking Points Memo, Poynter, Washington Examiner, Damn Straight!, CBS News, UPI and BizPac Review
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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Rolling Stone, CNN, CBS News, Washington Examiner, Forbes, Washington Post, Raw Story, The Hill, Bloomberg, 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 …
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Associated Press, CNBC, New York Magazine, Insider, CBS News, Alternet.org, NBC News, Wall Street Journal, Talking Points Memo and WTOP News
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:
Crooks and Liars, Raw Story and Joe.My.God.
Edward Ongweso Jr / Slate:
The Incredible Tantrum Venture Capitalists Threw Over Silicon Valley Bank — If the technological innovation coming out of Silicon Valley is as important as venture capitalists insist, the past few days suggest they haven't been very responsible stewards of it.
Discussion:
Financial Times, Words & Deeds, TechCrunch and Breitbart, more at Techmeme »
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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:
Stratechery, The Nation, Forbes, Wired, Metro.co.uk, Al-Monitor and Los Angeles Times, more at Techmeme »
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 …
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The Guardian
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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 and 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, RedState, New York Times, UPI, Variety, Fox News, Fortune, TASS, Twitchy, CBS News, Hong Kong Free Press HKFP, Deadline, Rolling Stone, WTOP News and The Daily Caller
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:
The Hill and Washington Times
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 …
Lisa Friedman / New York Times:
Biden Administration Approves Huge Alaska Oil Project — The administration also announced new limits on Arctic drilling in an apparent effort to temper criticism over the $8 billion Willow oil project, which has faced sharp opposition. — The Biden administration gave formal approval Monday …
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