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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:
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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 …
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Wall Street Journal, Insider, Financial Times, BizPac Review, The Bitcoin Beat, RedState, Noahpinion, Global Community Weekly, CoinDesk, The Hill, ScheerPost.com, Grid News, The Post Millennial, Washington Examiner, New York Post, CNBC, CNN, Bloomberg, Semafor, Apricitas Economics and BIG by Matt Stoller, more at Techmeme »
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 …
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 …
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Wall Street Journal, The Times of Israel, Insider, Financial Times, Fortune, The Information, Gothamist, One America News Network, CoinDesk, Washington Examiner, The Gateway Pundit, New York Post, Reuters, Le·gal In·sur·rec·tion, Fox News, Deadline, ABC7, The Post Millennial, Bloomberg, USA Today and Born Bored/CK News …, more at Techmeme »
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 …
Discussion:
Josh's Substack, UPI, The Information and Fortune
NBC News:
Treasury says it will back Silicon Valley Bank deposits — The bank, a favorite of tech startups, was shut down Friday amid a run on deposits. A buyout was widely seen as the best solution amid an unsure sector. — The U.S. Treasury on Sunday announced it would back Silicon Valley Bank deposits beyond …
Ken Sweet / Associated Press:
Can the chaos from Silicon Valley Bank's fall be contained? — Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? — That was one of the growing questions in Washington Sunday as policymakers tried to figure out whether …
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Wall Street Journal, Axios, The Guardian, WTOP News, CBS News, Associated Press, TechCrunch, NBC 5 Dallas-Fort Worth, DCReport.org, Florida Politics, National Review, Puck, NPR, ABC News, Politico, Breitbart, Fortune, Bloomberg, Washington Examiner, KOIN-TV, Washington Post, HotAir, NewsNation, East Bay Times, The Gateway Pundit and CNBC
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.
Discussion:
National Review, NPR, The Information, Dennis Hendrickson, Rolling Stone, TechCrunch, Politico, The Hill, Associated Press and CBS News
Jeff Cox / CNBC:
Regulators unveil plan to assure depositors will get money after SVB collapse — Banking regulators devised a plan Sunday to backstop depositors and protect financial institutions with money at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution.
Discussion:
Fortune, NBC News, Engadget, New York Post, The Hill and Just The News
Associated Press:
Yellen says no federal bailout for Silicon Valley Bank — The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major bank was shut down.
ABC News:
Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full
Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full
Discussion:
Bloomberg, Theta Serpentis Vox and Fortune
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:
Wall Street Journal, Raw Story, The Information, Financial Times, CBS News, The Hill and The Post Millennial
Politico:
'There's going to be more': How Washington is bracing for bank fallout
'There's going to be more': How Washington is bracing for bank fallout
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NBC News, CNBC, New York Times, EdxCapital, Wall Street Journal, RedState, Fortune, Gideon's Substack, Prada's Newsletter, The Times of Israel, HotAir and East Bay Times
NBC News:
McCarthy says he's hopeful U.S. officials will make Silicon Valley Bank announcement before market opens
McCarthy says he's hopeful U.S. officials will make Silicon Valley Bank announcement before market opens
Discussion:
Axios, Fox News, The Gateway Pundit, The Hill and Bloomberg
A.G. Gancarski / Florida Politics:
Ron DeSantis blames Silicon Valley Bank's collapse on DEI
Ron DeSantis blames Silicon Valley Bank's collapse on DEI
Discussion:
Too Close To Call, BizPac Review, Joe.My.God., The Post Millennial, Fox News, Washington Times, Breitbart, RedState and Political Wire
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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CBS News, The DePaulia, Political Wire, Politico and RedState
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Lisa Friedman / New York Times:
Administration to Approve Huge Alaska Oil Project on Monday, Two Officials Say — Biden is also expected to put broad new limits on Arctic drilling in an apparent effort to temper criticism over the $8 billion Willow oil project, which has faced sharp climate opposition.
Discussion:
Wall Street Journal, Bloomberg, Politico and The Hill
CNN:
Biden will announce sweeping protections preventing new Arctic drilling ahead of Willow decision
Biden will announce sweeping protections preventing new Arctic drilling ahead of Willow decision
Discussion:
The Hill
Chris Megerian / Associated Press:
As Biden weighs Willow, he saves other areas from drilling
As Biden weighs Willow, he saves other areas from drilling
Discussion:
Washington Examiner, Associated Press, WTOP News and New Jersey Online
Anshel Pfeffer / Haaretz:
Netanyahu's Response to Iran-Saudi Deal Shows a Growing Detachment From Reality — Benjamin Netanyahu's insistence that he is the one leading the Western world's fight against Iran and that peace with the Saudis is within reach shows how disconnected he is both at home and abroad
Discussion:
Jerusalem Post and Wall Street Journal
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Wall Street Journal:
China Plans New Middle East Summit as Diplomatic Role Takes Shape
China Plans New Middle East Summit as Diplomatic Role Takes Shape
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Associated Press, RedState, eeas.europa.eu, Vatican News, East Bay Times and Common Dreams
Vivian Nereim / New York Times:
From ‘Hitler’ to ‘Sharing One Fate’: Saudi-Iran Pact Could Transform the Middle East
From ‘Hitler’ to ‘Sharing One Fate’: Saudi-Iran Pact Could Transform the Middle East
Discussion:
Responsible Statecraft and HotAir
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:
Raw Story, USA Today, The Hill, Alternet.org, The Guardian and Insider
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Dean Obeidallah / The Dean's Report:
If Mike Pence continues his refusal to tell investigators the details of Trump's Jan 6 attack, he must be viewed as complicit
If Mike Pence continues his refusal to tell investigators the details of Trump's Jan 6 attack, he must be viewed as complicit
Discussion:
Mediaite, The Hill, UPI, Politico, BizPac Review, Chicago Sun-Times, Raw Story, Digby's Hullabaloo, Breitbart, New York Times, The Western Journal, Fox News, CBS News, Mother Jones, Insider, The Wrap, New York Magazine, Rolling Stone, New York Post, NPR, New York Daily News, HotAir, Bloomberg, Axios, RedState, The Daily Caller, Wall Street Journal, Washington Times, Washington Examiner, Al Jazeera, National Review, Political Wire, Vanity Fair, USA Today, Washington Post and CNN
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:
Washington Examiner, CNN, PoliticusUSA and HotAir
Sarah K. Burris / Raw Story:
A former producer of the largest Fox show calls Trump supporters inbred ‘terrorists’ — Anyone who has lost a family member to right-wing conspiracy theories knows that Fox News has been a key piece of that. Now it's being revealed that even Fox execs view their own viewers with the most offensive terms.
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Washington Post
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.
Doug Livingston / Akron Beacon Journal:
Two arrested after protesters and supporters clashed at Wadsworth drag queen story hour — Hundreds of protesters, including armed white supremacists, and LGBT-community supporters descended on Wadsworth's Memorial Park on Saturday as a humanist group tried to put on a drag queen storytelling event for children.
Martin Pengelly / The Guardian:
McCarthy: January 6 tapes to be ‘slowly’ rolled out to networks besides Fox News — Republican House speaker has only let Fox News see the tapes so far, giving access to the primetime host Tucker Carlson — The Republican speaker of the US House, Kevin McCarthy, said on Sunday he would …
Discussion:
No More Mister Nice Blog, Washington Times, The Hill, PoliticusUSA and Alternet.org
CNN:
Norfolk Southern balks at compensating homeowners in East Palestine — Jim Stewart was getting ready to sell his home in East Palestine, Ohio, and retire. Then came the derailment of a Norfolk Southern train on February 3, releasing toxic chemicals into the air and nearby water, and he fears crashing the value of his home.