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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 …
Discussion:
Politico, HuffPost, Insider, Forbes, Vanity Fair, Fortune, Grid News, The Hill and Alternet.org
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:
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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:
Financial Times, Forbes, The Economist, Jacobin and The Times of Israel, more at Techmeme »
Max Reyes / Bloomberg:
With Signature Bank's Collapse, US Reformer Barney Frank Watches His Own Lender Fail
With Signature Bank's Collapse, US Reformer Barney Frank Watches His Own Lender Fail
Discussion:
CNBC, Washington Examiner, CoinDesk, New York Post, The Rational Walk, The Daily Caller, The Gateway Pundit and Instapundit
Yun Li / CNBC:
Regulators close crypto-focused Signature Bank, citing systemic risk
Regulators close crypto-focused Signature Bank, citing systemic risk
Discussion:
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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, Vanity Fair, The Daily Caller, Roll Call, Axios, Washington Times, Alternet.org and PoliticusUSA
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
Discussion:
CBS News, Reuters, Breitbart, The Guardian, New York Post, Fox News, The Hollywood Reporter, The Hill, Joe.My.God., CNN, Bloomberg, Washington Examiner, Fox Business, Just The News, TASS, Financial Times, Washington Times and Axios
Rob Wile / NBC News:
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense.
Is Silicon Valley Bank getting a government bailout? Not in the 2008 sense.
Discussion:
CNBC, Common Dreams, Too Close To Call, Washington Free Beacon, Wall Street Journal, Washington Examiner, Washington Times, Poynter, World Socialist Web Site, The Panoptic View, Associated Press, Outside the Beltway, The Daily Caller, Dennis Hendrickson, NPR, Florida Politics, TechCrunch and The Hill
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:
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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:
Rolling Stone, CNN, The Hill, Insider, CBS News, CNBC, Forbes, Washington Post, Raw Story, Washington Examiner, UPI, 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 …
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.
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:
TechCrunch, Financial Times, Words & Deeds, Breitbart and The Information, more at Techmeme »
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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, Crooks and Liars and Joe.My.God.
Rebecca Shabad / NBC News:
Raskin says Republican Comer is trying to quash release of Trump financial records while expanding Hunter Biden inquiry — WASHINGTON — Rep. Jamie Raskin, the top Democrat on the House Oversight Committee, says Republican chairman Rep. James Comer has abandoned efforts to get the financial documents …
Discussion:
Raw Story, PJ Media and BizPac Review
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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:
Morning Shots, Washington Examiner, RedState, Raw Story 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 …
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 and Alternet.org
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Andy Kessler / Wall Street Journal:
Who Killed Silicon Valley Bank? — WSJ Opinion: What's Up-or Down-with the U.S. Economy?
Discussion:
Bloomberg and Frank Corva's Newsletter
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:
Raw Story, Colorado Politics 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, National Review, NBC News, RedState, Fox News, Variety, New York Times, UPI, TASS, Fortune, Twitchy, CBS News, Hong Kong Free Press HKFP, Deadline, Rolling Stone, WTOP News, The Daily Caller, The Hollywood Reporter and KRQE-TV
Heather Richards / E&E:
Biden closes Arctic to oil — after Willow — As the the Biden administration signaled it could soon approve a massive oil project on public lands in Alaska, President Joe Biden on Sunday declared the entire Arctic Ocean off-limits to oil and gas leasing. — As part of a “fire wall” …
Discussion:
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Benoît Morenne / Wall Street Journal:
Biden Administration Approves Drilling Project in Alaskan Arctic
Biden Administration Approves Drilling Project in Alaskan Arctic
Discussion:
E&E, Power Line, Common Dreams, NPR, Washington Post, Politico, Just The News and The Western Journal
David Edwards / Raw Story:
Woody Guthrie's family tells Josh Hawley ‘This Land Is Your Land’ not for use by ‘insurrectionists’ — The family of the author of “This Land Is Your Land” has called on Sen. Josh Hawley (R-MO) to stop using the song's lyrics. — The Kansas City Star reported Nora Guthrie …
Discussion:
Kansas City Star and Joe.My.God.
Keith Zhai / Wall Street Journal:
China's Xi to Speak to Zelensky, Meet Next Week With Putin — Virtual meeting between Chinese and Ukrainian leaders would be first since start of war — Watch: China's Xi Jinping Secures Unprecedented Third Term as President … SINGAPORE—Chinese leader Xi Jinping plans to speak …
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Reuters, ZeroHedge News, Associated Press, New York Post, The Guardian, NPR, Semafor and TASS
Kimberly Wehle / The Atlantic:
The Supreme Court Just Keeps Deciding It Should Be Even More Powerful — Whatever conservative ethos of restraint there once was has vanished. — By its own maneuvering, the modern Supreme Court has made itself the most powerful branch of government. Superior to Congress. Superior to the president.
Discussion:
New Republic, Raw Story and Washington Monthly
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 …