Another major U.S. bank has collapsed—the third in just two months. What happened to First Republic Bank, and what does the Biden administration say about the impact on taxpayers? As the GOP primary field becomes more crowded, we hear from one of the latest candidates to join the race—Larry Elder. Find out what his vision…
Biden: Banking Sector ‘Safe’ Despite First Republic Failure
May 1, 2023
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The Federal Reserve Makes Bankers Rich
Commentary The Federal Reserve creates booms and busts that make banks richer and leave citizens holding the bag. In March 2023, the U.S. Treasury approved the provision of at least $300 billion worth of loans to Silicon Valley Bank (SVB) and other banks. Treasury Secretary Janet Yellen assured the public that this was not a…
Should You Be Worried About Your Money in the Bank?
On the off chance you haven’t been paying attention to world news, several banks in the U.S. collapsed (gone broke, busted, washed up, taken down, bankrupt) in recent days. Now, others here and abroad appear to be threatening to follow suit. In A Nutshell What this means is that these failed banks accepted customers’ deposits,…
Silicon Valley Bank and the Soft Pivot of Our Weak-Kneed Fed
March 23, 2023
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Commentary Old habits die hard for the folks over at the Federal Reserve, who immediately rung in the 2023 financial crisis with what will in due time be recalled as the fifth round of quantitative easing, the Fed’s preferred term for monetary expansion. It’s now apparent that the Fed currently finds itself between a proverbial…
House Freedom Caucus Opposes Unlimited Bank Deposit Guarantees
House conservatives have voiced their opposition to any increased guarantees on bank deposits, which comes amid debate on whether expanding deposit insurance coverage is needed to stem a financial crisis marked by a drain of uninsured deposits away from smaller and regional banks. A crisis of confidence in the banking sector was touched off earlier…
The Swiss Banking Sector: More Holes than Swiss Cheese
March 20, 2023
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Commentary When someone says Switzerland, you might think of clocks and banks. All because of the country’s reputation for producing a high-quality products in all these areas of endeavour. Well, it’s time to think again as the clock is ticking, if not tocked, on Switzerland’s banking sector. Credit Suisse, which had an enviable reputation as…
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