#13526
Survivors may have escaped on land, including a woman who called 911 from one of the two vessels.
#13527
Silicon Valley Bank’s failure Friday shined a spotlight on the large losses that the whole banking system has seen on investments in bonds as a result of rising interest rates.
#13528
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: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth. After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer. We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer. Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law. Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe. ###
#13529
The ongoing Silicon Valley Bank disaster may yet be a profitable venture for some executives - including one familiar name.
#13530
Philadelphia Inquirer: “He’s hiring campaign aides. He’s hosting parties for political insiders and forming a political committee to aid fellow Republicans. And this week, Dave McCormick will release a new book that weaves together his biography and roots in Pennsylvania, his experience campai
#13531
Strange, he doesn't look like FangFang: Eric Swalwell sends conservative DC_Draino a private message
Eric, dude, be careful who you're begging for retweets and probably money.
#13532
In an open letter to the Academy, the Ukrainian World Congress expressed its ?serious concerns over Russia?s influence on the Hollywood film industry.?
#13533
Sen. Kevin Cramer (R-ND) advocated for Florida Gov. Ron DeSantis to be the lead 2024 presidential candidate, arguing he has earned the right to be “at the head of the class.”
#13534
Representative Michael McCaul (R-TX) said on Sunday on CBS's "Face the Nation" that House Speaker Kevin McCarthy (R-CA) assured him he is planning to give access to the January 6, 2021 security footage to the entire media. | Clips
#13535
SVB Financial faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash.
#13536
Donald Trump reminded his base on Truth Social that he has done more for America's farmers than any other president ahead of Iowa visit.
#13537
Don't worry, Joe, Adam has your back. Ha ha ha ha ha ha
#13538
Republican governors are pushing several higher education reform efforts to counter culture wars on college campuses. Republican Govs. Ron DeSantis of Florida, Greg Abbott of Texas and Glenn Youngkin of Virginia have made education policy a staple of their governing platforms. Higher education reform efforts…
#13539
Dr. Anthony Fauci said he still believes the COVID-19 virus could have been caused by a “natural occurrence” and said critics who have called for his handling of the pandemic to be pros…
#13540
Former Vice President Mike Pence has come out swinging against his former boss, ex-President Donald Trump.
#13541
#13542
The coverage has little if anything to do with the law and the Constitution.
#13543
Mark Cuban raised questions about how regulators had allowed Silicon Valley Bank to end up in such a vulnerable position, and demanded that the Federal Reserve take immediate action.
#13544
The House and Senate have already unanimously passed a bill requiring the Biden administration declassify intel on the origins of COVID. Democrats and Republicans all working hand-in-hand and agreeing 100% on something ... imagine that! So, hey, let's have it. Let's have the intel. Where is it?
#13545
Entrepreneur and 2024 Republican presidential nomination candidate Vivek Ramaswamy said Sunday on CNN's "State of the Union" that he d with how Gov. Ron DeSantis (R-FL) handled his disagreements with the Walt Disney Company. | Clips
#13546
The presidents of Stanford and its law school issued an apology to a conservative appeals...
#13547
The former news anchor continues to challenge her losing result in the Arizona governor race and remains close to Donald Trump.
#13548
Anyone missing their Sunday sermon this morning in Austin, Texas, completely heard it in full from the 52nd former Speaker of the House, who made a pitstop here at SXSW for The Atlantic session, &#…
#13549
Rep. Chip Roy, R-Texas, is reintroducing legislation that would designate multiple Mexican drug cartels as foreign terrorist organizations, as pressure grows on Mexico.
#13550
Dr. Anthony Fauci appeared to struggle with his composure as he railed over "insanity" that he be prosecuted regarding COVID.
