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2:30 PM ET, March 13, 2023

memeorandum

 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:
RELATED:
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.
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 …
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 …
Summer Concepcion / NBC News:
Biden says ‘the banking system is safe’ after Silicon Valley Bank shutdown
Wall Street Journal:   KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse
Rob Wile / NBC News:
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense.
Steve Randy Waldman / drafts:
Unlimited deposit insurance
Francesca Chambers / USA Today:
Banking crisis: President Joe Biden says taxpayer funds won't be used to bailout SVB, Signature bank
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.
RELATED:
David Siders / Politico:
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
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
RELATED:
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 …
Public Notice:
Why an indictment may actually boost Trump's campaign
Discussion: USA Today
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.
RELATED:
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.
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.
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
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
RELATED:
New York Times:   ‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor
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 …
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
RELATED:
Jodi Picoult / The Daily Beast:
What Florida Doesn't Want You to Know About Its Book Bans
Discussion: The Hill and Raw Story
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 …
RELATED:
Patrick McGeehan / New York Times:
Plans to Build AirTrain to La Guardia Are Officially Scrapped  —  Ballooning costs help doom what had been a pet project of former Gov. Andrew M. Cuomo.  —  There will be no AirTrain to La Guardia Airport.  —  Gov. Kathy Hochul has abandoned plans to build a light-rail link to La Guardia …
Discussion: Joe.My.God.
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 …
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 …
Nate Cohn / New York Times:
Why Fox's Call on Arizona, Which Was Right, Was Still Wrong  —  It was more a risky guess than a sound decision, and easily could have led to a missed call.  —  If you're a subscriber to this newsletter, I'd guess you'd be interested in my colleague Peter Baker's article about the drama …
 
 
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 More Items: 
Camilo Montoya-Galvez / CBS News:
U.S. to extend legal stay of Ukrainian refugees processed along Mexican border
Andy Kessler / Wall Street Journal:
Who Killed Silicon Valley Bank?
Jeffrey M. Jones / Gallup:
Americans' Favorable Rating of Russia Sinks to New Low of 9%
Michelle Yeoh / New York Times:
After Oscars, Let's Focus on Women and Disaster Relief
Dan Friedman / Mother Jones:
Trump Said He Might Have Let Russia “Take Over” Parts of Ukraine. Fox News Edited It Out.
 Earlier Items: 
David Frum / The Atlantic:
The Iraq War Reconsidered
Politico:
How Democrats disarmed a brewing Senate battle in Michigan
Discussion: Alternet.org
Public Policy Polling:
Trump and Mastriano have big leads in Pennsylvania Republican Primary for President and Senate
Discussion: Washington Post
 

 
From Techmeme:

Shakeel Hashim / Transformer:
Musk v. Altman: email shows Brockman and Sutskever had concerns about Altman in 2017, Musk claims Altman proposed OpenAI sell its own cryptocurrency, and more

Jay Peters / The Verge:
Bluesky says it has “no intention” of taking user content to train AI tools, ahead of X implementing new terms of service that let it train AI on user content

Ari Levy / CNBC:
Palantir stock jumps 11% after announcing a move from the NYSE to the Nasdaq; its stock is up 50%+ since reporting better-than-expected earnings on November 4
 
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