(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...
(Jacob Bruns, Headline USA) As the wealth divide in America grows and Bidenflation skyrockets, fewer and fewer Americans are able to afford homes, even in the less expensive parts of the country.
Now, a mere one in every five homes is within reach financially for the average American family, the...
(Jacob Bruns, Headline USA) President Joe Biden and his administration have thus far refused, despite constant and numerous questioning, to explain the $250,000 line of credit against the president's Delaware beach house.
The president and his family secured the line of credit amidst revelations of Hunter Biden's tax scandal, as...
(Molly Bruns, Headline USA) A recent article from the editorial board of the Washington Post concluded that President Joe Biden's executive order partially forgiving student debt is indeed illegal, but the Supreme Court should allow the order to pass nonetheless.
According to the National Review, the WaPo piece, titled "Biden...
(John Tamny, RealClear Wire) It was reported in the New York Times the week before last that the U.S. hedge funds at the top of the proverbial heap had reaped gains for their owners of over $22 billion in 2022. Contrast the previous number with losses in the total hedge...