The Second Largest Bank Failure in U.S.
History Has Many Worried
Posted By: Imright, 3/10/2023 7:18:40 PM
Another ghost of past economic woes appeared on Friday afternoon when assets held by Silicon Valley Bank were seized by California regulators and the Federal Deposit Insurance Corporation (FDIC) appointed their receiver in what is now the largest bank failure to take place since the financial crisis of 2008 — as well as the second-largest bank failure in U.S. history. The largest was 2008's failure of Washington Mutual. (Tweet) The California Department of Financial Protection and Innovation (DFPI) cited "inadequate liquidity and insolvency" for its decision to take possession of Silicon Valley Bank — the 16th largest bank in America —
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President Joe Biden on Friday pushed back on a Republican report that members of his family received more than $1 million in payments from China, saying it wasn't 'true.'
'That's not true,' Biden said when asked about it as he left the White House to spend the weekend at his home in Wilmington, Del.
He was responding to a report House Republicans released on Thursday that showed the president's Hunter Biden, Beau Biden's widow Hallie and other relatives of the president's family received more than $1 million in 2017 from an associate who had entered into a business deal with a Chinese energy company.
WASHINGTONThe chief judge has sole discretion over sealed federal grand jury proceedings. That means Boasberg immediately takes over responsibility for handling certain issues that may arise in the special counsel investigations involving Trump, - A new judge took over leadership of the U.S. trial court in Washington on Friday, inheriting oversight of secret proceedings involving special counsel criminal investigations into former President Donald Trump's retention of classified documents and efforts by him and his allies to undo his 2020 election loss.
James "Jeb" Boasberg became chief judge of the U.S. District Court for the District of Columbia, replacing Judge Beryl Howell as her seven-year term comes to an end.
New York— Law enforcement officials in New York are making security preparations for the possibility that former President Donald Trump could be indicted in the coming weeks and appear in a Manhattan courtroom in an investigation examining hush money paid to women who alleged sexual encounters with him, four law enforcement officials said Friday.
There has been no public announcement of any timeframe for the grand jury’s secret work, including any potential vote on whether to indict the ex-president.
The law enforcement officials, who were not authorized to speak publicly and spoke to The Associated Press on condition of anonymity, said authorities are just preparing in case of an indictment.
The captain of a United Airlines flight due to take off from New York's JFK airport on the morning of 9/11 has said he believes his plane was intended to be a fifth aircraft in the terrorist plot.
Tom Mannello was sitting on the tarmac in the cockpit of United Flight 23 at 9am, waiting to take off, when air traffic control ordered all flights back to their gates.
Mannello later learned box cutters were found on a plane parked at the neighboring gate, and believes a ground crew assisting the terrorists got the wrong plane, thwarting any attempted attack.
Michael Cohen, a former personal attorney for Donald Trump, said Friday on MSNBC’s “All In” that he believed “America wants to see” former President Donald Trump indicted regardless of the crime.
While discussing prosecutors from the Manhattan district attorney’s office convening a grand jury as part of a criminal probe into a 2016 hush money payment to porn star Stormy Daniels that Trump allegedly authorized, anchor Chris Hayes asked, “Given what has come out about what was happening in the Department of Justice behind the curtains at the time, give the fact that you went and pleaded to and did some time for this particular crime, what do you think
It has been a long time coming, and now the final act appears to be in view. Donald Trump is about to be arrested, and the corrupt and politicized authorities who have brought matters to this point are preparing for the worst: the NYPD, the Secret Service, and even the FBI’s Joint Terrorism Task Force are all busy making preparations for the big day, which indicates several things about what will happen and what they expect will happen, or want us to think they expect will happen.NBC News reported Friday that “local, state and federal law enforcement and security agencies are preparing for the possibility that former President Donald Trump
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At this point, nothing should be shocking regarding the Biden Administration, not even when it means pushing young kids to undergo life-alternating procedures. Assistant Secretary of Health for the U.S. Department of Health and Human Services (HHS) Rachel Levine promises that medically changing children's gender will be fully "normalized" soon.
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Los Angeles socialists are helping a teachers' union strike for massive raises to their six-figure salaries, saying the strike boosts their "Green New Deal" for public schools.The United Teachers of Los Angeles is planning to strike for three days next week in an effort to transform city schools into a "green" social services hub. The Los Angeles chapter of the Democratic Socialists of America has identified the teachers' plan as part of its "Green New Deal for L.A. Public Schools" and said it is the group's priority agenda item for the year. But buried beneath the teachers' sundry progressive demands is a 20 percent salary hike over two years
The complexities around, and solutions to, the current banking crisis lie well beyond my core competency, so I'll leave those matters to others. What I will say is that it's indisputable that much of the upheaval can be traced back to the Biden administration's disastrous inflationary policies, which have forced the Fed to hike up interest rates as a form an anti-inflation 'chemotherapy' for the overheated US economy -- actions that have, in turn, directly and heavily contributed to unpleasant externalities like the collapse of Silicon Valley and Signature banks. Biden and his team were directly warned about the highly risky spending they were jamming through in partisan, Democrat-passed behemoths,
House Oversight Demands Biden Associate
Who Wired Cash to Family Members Give
Recorded Interview 4 replies
Who Wired Cash to Family Members Give
Recorded Interview 4 replies
Biden family business associate Robinson Walker, who accepted Chinese cash and in turn sent it to Biden family members, has been ordered to appear before the House Oversight Committee for a transcribed interview, according to a Friday letter obtained by Breitbart News.
Through Walker, the Biden family business received a $3 million wire transfer and subsequent payments from a Chinese energy company between 2015 and 2017, House Oversight Committee Chair James Comer (R-KY) announced this week upon receiving Suspicious Activity Reports (SARs) from the Treasury and subpoenaed records from Bank of America.
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Federal prosecutors are eyeing charges against more than 1,000 individuals who may have participated in the January 6th, 2021 riots at the Capitol building.
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