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More rugged individualism for thee but not me Watching the fallout from the Silicion Valley Bank failure. (I’m not a financial expert.) “And this isn’t a bailout,” Cuban insists. David Dayen replies: Funny story about #2, Mark. The regulators were watching until 2018, when SVB and other banks lobbied to send the regulators home, and convinced Republicans (and 50 Democrats) to do it. Your favorite people warned that it would go badly. It did. The Lever notes that SVB President Greg Becker lobbied against further oversight of his bank: In 2015, SVB President Greg Becker appeared before a Senate panel to push legislators to exempt more banks — including his own — from new regulations passed in the wake of the 2008 financial crisis. Despite warnings from some senators, Becker’s lobbying effort was ultimately successful.
The American Federal Deposit Insurance Corporation (FDIC) made the unusual step of shutting down the flailing Silicon Valley Bank (hereafter, SVB) during business hours yesterday (Friday). (FDIC Friday usually involves teams swooping in after the close on Friday.) Since I have to write this article quickly in the morning, I am not sure of what the latest developments are for SVB, rather I want to discuss the possibility of contagion....Bond Economics
Oh No, Panic In Silicon VAlley
Brian Romanchuk
The shock announcement of Nicola Sturgeon’s resignation on 15 February 2023 as First Minister of Scotland and leader of the Scottish National Party (SNP) has put both the Scottish Government and SNP into a terrible tailspin. It has also exposed the fault lines that run through the governing party. These have become all the more […]
High-flying risk-takers demand their bailout Christopher Walken’s first movie role was in The Anderson Tapes, a 1971 Sidney Lumet caper film starring Sean Connery. Walken played “The Kid,” a junior safecracker. Connery’s team of thieves robs a high-end New York apartment building. It’s Oscars weekend. But that’s not the reason for mentioning the film. When Walken can’t break into a safe in one rich couple’s apartment. ‘Duke’ Anderson (Connery) demands the combination. The man refuses. Duke yanks up the man’s wife by the hair. (I can’t get the clip to load.) “Darling, it’s all right,” the man tells her calmly. “Just hold on. It just hurts right now, but you’ll be all right.” “You bastard!” she shouts. “Tell him!” He doesn’t, so Duke calls in his hitter, “Socks,” points to the rich jerk, and says, “Him!” Threatened with pain himself, the guy folds up like tissue paper. Fiction? Watch how rich libertarians behaved when Silicon Valley Bank collapsed on Friday.
In Doctor Who, timey-wimey stories work best when they're simple, and they get really bad when they're overly complicated with no heart.
Broadcaster’s sports coverage reduced to regurgitating old podcasts after cowardly decision to buckle to Tories’ manufactured outrage The BBC has pulled its entire Saturday afternoon Radio 5 Live sports schedule – and a big chunk of its morning programmes – as more and more presenters refuse to appear, in solidarity with Gary Lineker, who was […]
In today's BCTV Daily Dispatch: Ghosts, Star Trek: Picard, Red Dwarf, AEW/WWE, Vince McMahon, James Gunn/Superman, Daredevil & more!
Ex-presidente acumulou ao longo de sua gestão episódios de uso da máquina pública para favorecer projetos pessoais.
The post A joia da corrupção do ex-presidente Bolsonaro appeared first on The Intercept.
The Stop Cop City movement recalls Atlanta’s 1996 Olympic bid and the city’s long history of prioritizing tourists, business interests, and wealthy white communities over Black and working-class people
The post The ‘Stop Cop City’ Movement Roots Going Back Decades appeared first on scheerpost.com.
Use to discuss topics unrelated to recent posts.
From Temple University to Rutgers, the devaluation of academic labor has its roots in decades of neoliberalism.
The post Public Universities Run on Underpaid Labor. Now Grad Workers Are Fighting Back. appeared first on scheerpost.com.
It takes a constitutional amendment followed by a statewide vote to legalize balloting behind bars. Will it happen?
The post California Considers Giving the Incarcerated a Right to Vote appeared first on scheerpost.com.
Chris Miller, a combat veteran, is battling critics who say he failed to send troops when a mob stormed the Capitol.
The post Trump’s Last Defense Secretary Has Regrets — But Not About Jan. 6 appeared first on The Intercept.
Socialist Seattle City Council member Kshama Sawant is launching a national coalition called Workers Strike Back to fight for wages, universal healthcare, LGBTQ rights, a clean energy transition, and more.
The post The Chris Hedges Report: Kshama Sawant’s New ‘Workers Strike Back’ Coalition Will Fight for $25 Minimum Wage and More appeared first on scheerpost.com.
How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?
Environmental stewardship efforts should aim to protect and connect natural systems, not save chosen animal species.
It is now a dozen years since the world held its breath and learned to pronounce the word Fukushima. read now...I can’t stop watching that one…
This week's big news from music man David Kowalski looks at the debacle surrounding Bluesfest's inclusion of controversial band Sticky Fingers on the bill. read now...
