Is there a worse day then the day after “Spring Forward”?
Gonna be a fun week…
Yellen says Silicon Valley Bank won’t receive bailout after collapse
https://www.theguardian.com/business/2023/mar/12/silicon-valley-bank-collapse-no-bailout-janet-yellen
“balance”
A Trump veteran at Fox struggled to balance election lies with the network’s interests
https://www.washingtonpost.com/politics/2023/03/12/raj-shah-fox-trump/
Neat article:
‘It stunned me that people had to live like this’: Baldwin Lee on his rediscovered images of the deep south
https://www.theguardian.com/artanddesign/2023/mar/11/it-stunned-me-that-people-had-to-live-like-this-baldwin-lee-rediscovered-images-deep-south-southern-portrait
Anyone comes to DC, we’ll go!
The Bazaar by José Andrés is his dream come true in Washington
https://www.washingtonpost.com/food/2023/03/10/bazaar-restaurant-review-jose-andres/
This is a fun thread:
Have a great day!
…think it was after folks had moved beyond the DOT yesterday but as far as the SVB fallout goes it seems like the fed is stepping in to get deposits back to people…though the investors in the thing are another matter, I believe…& a second crypto bank/exchange/platform/thing went down yesterday to add to the stablecoin that had dollar-tethering issues on account of the billions held by SVB it couldn’t access
https://deadsplinter.com/positively-orwellian-dot-12-3-23/#comment-105215
…so…that’s fun?
…if anyone fancies a trip down the rabbit hole about the SVB stuff…in terms of who had money in it in the other sense rather than who banked with them this might be a starting place
https://money.cnn.com/quote/shareholders/shareholders.html?symb=SIVB&subView=institutional
Just got an email from our CEO stating that the bank which holds a bunch of accounts for our company had been acquired by SVB a couple of years ago.
But, no matter, because SVB is getting bailed out. They’re just not calling it that.
https://www.marketplace.org/shows/marketplace-morning-report/three-days-later-whats-come-of-the-svb-collapse/
The depositers are being covered, and the feds dug into the assets and found SVB had enough on hand to cover them without any taxpayer money.
The rest of the liabilities of the bank is what’s going uncovered. That’s not getting any kind of bailout.
At least, that’s the story coming out of the US government and I’m inclined to trust them for now over what other people are chattering in the press.
Yea I obviously scheduled my post a little early yesterday!
The whipsawing financial press coverage over the past few days of the Federal Reserve’s interest rate hikes is something to behold.
All we’ve been getting for over a year is hawks cheerleading alternated with worries that they needed to push harder. Concerns about a recession were just muffled by an attitude that it’s the price the poors have to pay to stop inflation.
And now when it finally is news how the finance side can be hurt, the news is full of analysts pushing for the dove side.
New form of hunting in Texas…
https://www.yahoo.com/news/texas-republican-introduces-bounty-hunting-150006482.html
This is beyond fucked up!
https://www.cnn.com/2023/03/13/politics/willow-project-alaska-oil-biden-approval-climate/index.html
Shocking!!!
https://crooksandliars.com/2023/03/ivermectin-influencer-dies-ivermectin-use
I don’t know why they keep pushing the line that Ivermectin is a “dewormer for large animals” when it’s in heartworm preventatives for dogs.
I wish Bernie was on his second term as president. Imagine that timeline. Especially through the pandemic. Biden is nothing more than the lesser of two evils.
Everything Everywhere… won Best Picture and it’s the first winner I think I’ve seen in a long time.
Ivanka was on the board of the next failed bank…
https://investor.signatureny.com/pme/press-releases/news-details/2011/Signature-Bank-Appoints-Ivanka-Trump-to-Serve-on-Its-Board-of-Directors/default.aspx
https://finance.yahoo.com/news/regulators-seize-signature-bank-in-third-largest-us-bank-failure-231404695.html
https://www.reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12/
I have to admit, I may be up for another Trump presidency if I get a flying car!
Those photos from the Deep South weren’t nearly as bad as what I expected. Which is saying a lot, none of it good.
If Trump goes to jail, will they send a Secret Service detail with him?