(Peter Jacobsen, FEE) By now, you’ve likely heard about regulators closing down Silicon Valley Bank and now Signature Bank as well.
While I’m not going to go into all the details, the basic story is described well in this article on Seeking Alpha. Essentially, SVB received a large influx of deposits...
(Abdul--Rahman Oladimeji Bello, Headline USA) Signature Bank, the failed anti-Trump bank shut down by New York's state regulators, became a hot topic online after an ill-conceived ad from the disgraced institution went viral.
The ad, featuring a parody of Fun.'s "Some Nights," broke the internet immediately after it was...
(Ezekiel Loseke, Headline USA) An independent investigator discovered that the federal government may have made duplicate payments for grants it gave to the lab in Wuhan, China, through the National Institute of Health and the US Agency for International Development.
Diane Cutler is the independent investigator, according to CBS News....
(Ben Sellers, Headline USA) Two of the most censored and embattled conservatives in America teamed up over the weekend to blow the lid off a massive globalist conspiracy that ties together China, Ukraine and Silicon Valley---and may be coming soon for your most fundamental freedoms, including health and financial...
(Jacob Bruns, Headline USA) As the banking industry is buffeted by choppy waters, critics have suggested that President Joe Biden's proposed bank bailouts may eventually lead to a state-controlled banking industry, the Washington Times reported.
Despite the fact that millions of dollars held at the now-collapsed Silicon Valley Bank were not...
(Casey Harper, The Center Square) President Joe Biden gave a speech Monday morning to address concerns about the banks, the economy and the federal government’s decision to take over and back up the bank, allowing depositors to retrieve their money, even if the bank doesn’t have it.
He stressed that taxpayers...
(Ken Silva, Headline USA) After censoring information about COVID-19, elections and a variety of other issues in recent years, government authorities are now reportedly looking to employ similar tactics to suppress financial news in the aftermath of multiple bank closures.
Rep. Thomas Massie, R-Ky, said Sunday that a Democrat senator suggested...
(Jacob Bruns, Headline USA) Tesla founder and Twitter CEO Elon Musk signaled over the weekend that he may be interested in bailing out and taking over the failed Silicon Valley Bank, the Daily Mail reported.
https://twitter.com/elonmusk/status/1634374859043270678
In what has been called an “an extinction-level event for startups,” Silicon Valley Bank, the nation’s...
(Headline USA) Chief Twit Elon Musk is reportedly planning to build his own town in Texas.
Musk, who owns Tesla and Twitter, recently purchased thousands of acres near Austin, Texas, and has already hired architects to draw up plans to build a new community, according to the Wall Street Journal....
(Headline USA) Regulators rushed Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this...
(Casey Harper, The Center Square) Federal Reserve Chairman Jerome Powell warned Congress that more aggressive interest rate hikes may be on the horizon.
Powell testified before the Senate Banking Committee on Wednesday where he cited the stronger economy, saying bigger hikes could be necessary to address inflation. The Fed has been...
(Molly Bruns, Headline USA) Walmart announced that it was closing all of its locations in Portland, Oregon, due to concerns about the city's chronic crime problem.
According to Breitbart, the two stores, located in the Hayden Meadows and East Port Plaza areas, will close. The 580 employees working at the...