Top Items:
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, Insider, Washington Examiner, HuffPost, Forbes, Alternet.org, Raw Story, Vanity Fair, Fortune, Grid News and The Hill
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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:
CBS News, New York Post, CoinDesk, Associated Press, Raw Story, HotAir, Jacobin, BizPac Review, CoinDesk, Fortune, Quartz, Fox News, Wall Street Journal, Insider, Cafe Hayek, The Hill and Financial Times
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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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:
Washington Post, 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 — It was a seemingly unthinkable scene: Barney Frank, co-author of the Dodd-Frank Act, the radical overhaul of the banking system after the 2008 global financial crisis, was having his very own Dick Fuld moment.
Discussion:
Washington Examiner, CNBC, 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:
Insider, Politico, Vanity Fair, The Daily Caller, Roll Call, Axios, Los Angeles Times, Alternet.org, Washington Times, Bloomberg 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:
USA Today, New York Daily News, Washington Post, CBS News, Reuters, Al Jazeera, The Guardian, American Greatness, WPRI-TV, New York Post, Fox News, Politico, The Hollywood Reporter, Wall Street Journal, UPI, Breitbart, The Hill, Washington Times, Joe.My.God., CNN, Washington Examiner, Bloomberg, Just The News, Fox Business, IJR, TASS 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:
Breitbart, CoinDesk, CNBC, National Review, The Hill, Common Dreams, Too Close To Call, Ace of Spades HQ, Washington Examiner, Washington Free Beacon, Washington Times, World Socialist Web Site, The Panoptic View, Poynter, The Daily Caller, Wall Street Journal, Associated Press, Outside the Beltway, Fortune, Dennis Hendrickson, NPR, Florida Politics and TechCrunch
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, UPI, Washington Examiner, Bloomberg, Progress Pond, Joe.My.God. 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, Raw Story, 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.
New York Times:
House Republicans Quietly Halt Inquiry Into Trump's Finances — G.O.P. leaders are declining to enforce a court-supervised settlement for Mazars, Donald J. Trump's former accounting firm, to turn over records in an investigation into whether he profited from the presidency.
Discussion:
Washington Post and USA Today
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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 …
Discussion:
Washington Examiner and Raw Story
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:
PJ Media, CNN, Morning Shots, Ace of Spades HQ, Washington Examiner, Raw Story, RedState, Talking Points Memo, CBS News, UPI, BizPac Review, New York Post, Digby's Hullabaloo, New York Times and Fox 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
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
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
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, Power Line, National Review, NBC News, Fox News, RedState, TASS, New York Times, UPI, Fortune, Variety, Twitchy, MovieWeb, CBS News, Hong Kong Free Press HKFP, Deadline, Rolling Stone, WTOP News, The Daily Caller, The Hollywood Reporter, KRQE-TV and The Wrap
Tessa Stuart / Rolling Stone:
21 South Carolina GOP Lawmakers Propose Death Penalty for Women Who Have Abortions — It's not just a lone extremist: The bill has 21 co-sponsors in the state's House of Representatives … The “South Carolina Prenatal Equal Protection Act of 2023” would amend the state's code of laws …
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
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 …
Discussion:
Reuters, ZeroHedge News, Associated Press, New York Post, The Guardian, NPR, Semafor and TASS
David Nakamura / Washington Post:
Hate crimes in U.S. rose to highest-ever level in 2021, FBI says — The number represents the most since the federal government began tracking bias-motivated attacks in 1990. — Hate crimes in the United States rose in 2021 to the highest level since the federal government began tracking …
JAMA Network:
The New Crisis of Increasing All-Cause Mortality in US Children and Adolescents — Steven H. Woolf, MD, MPH1; Elizabeth R. Wolf, MD, MPH2; Frederick P. Rivara, MD, MPH3,4 — Although life expectancy in industrialized countries has lengthened over the past century, increases …
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:
New York Daily News, WTOP News, Gothamist and Joe.My.God.
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.
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 …
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 …
Discussion:
HotAir
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:
CBS News, The Hill, Alternet.org, Washington Times, Mediaite and Breitbart
Brady Dennis / Washington Post:
Retreat in Rodanthe — Along three blocks in a North Carolina beach town, severe erosion is upending life, forcing hard choices and offering a glimpse of the dilemmas other coastal communities will face — RODANTHE, N.C. — Early last year, a house crumbled into the sea …