Federal Reserve announces that ALL depositors
at Silicon Valley Bank will be protected
as another bank - Signature Bank - closes,
and an auction is held for SVB's assets
Posted By: Harlowe, 3/12/2023 9:07:34 PM
The Federal Reserve on Sunday night announced that all those with money in collapsed Silicon Valley Bank will get their money back, as a second bank was revealed to have closed.(Snip)The Federal Deposit Insurance Cooperation (FDIC) on Sunday held an auction of Silicon Valley Bank's assets, hoping to secure the bank before the market opened on Monday. CNN reported that no buyer was found, and so it was unclear where the money would come from.(Snip)Sunday's sale, which concluded at 5pm ET, was intended to protect all those whose deposits exceed the $250,000 insured by the government, and prevent panic.
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Harlowe"
President Joe Biden’s administration approved ConocoPhillips’ $8 billion drilling project in Alaska. From the Anchorage Daily News: ConocoPhillips’ $8 billion Willow prospect in the Indiana-size reserve is expected to be one of the largest oil fields developed in Alaska in decades. It would produce oil for three decades, including 180,000 barrels of oil daily at its peak. (Snip) The deal also forced ConocoPhillips to turn over 68,000 acres. (Snip) Kristen Miller, executive director of the Alaska Wilderness League, said her organization will continue to resist the project.
The Federal Reserve on Sunday night announced that all those with money in collapsed Silicon Valley Bank will get their money back, as a second bank was revealed to have closed.(Snip)The Federal Deposit Insurance Cooperation (FDIC) on Sunday held an auction of Silicon Valley Bank's assets, hoping to secure the bank before the market opened on Monday. CNN reported that no buyer was found, and so it was unclear where the money would come from.(Snip)Sunday's sale, which concluded at 5pm ET, was intended to protect all those whose deposits exceed the $250,000 insured by the government, and prevent panic.
Silicon Valley Bank employees received their annual bonuses Friday just hours before regulators seized the failing bank, according to people with knowledge of the payments. The Santa Clara, California-based bank has historically paid employee bonuses on the second Friday of March, said the people, who declined to be identified speaking about the awards. The payments were for work done in 2022 and had been in process days before the bank's collapse, the sources said.
Tucker Carlson blew up so many narratives tonight with the unaired footage of the so-called January 6th insurrection. The biggest one is the left’s narrative that insurrectionists killed officer Brian Sicknick: CARLSON: “A deadly insurrection. Everything about that phrase is a lie.(Snip)Surveillance video from inside the Capitol shows mostly peaceful chaos. But the slogan worked. The term deadly carries enormous emotional power, which is why they used it. To prove the insurrection was deadly, propagandists pointed to the death of an officer called Brian sicknick. The mob killed Brian sicknick. That’s what they said.
WASHINGTON — Over the past 11 months, someone created thousands of fake, automated Twitter accounts—perhaps hundreds of thousands of them--to offer a stream of praise for Donald Trump. Besides posting adoring words about the former president, the fake accounts ridiculed Trump’s critics from both parties and attacked Nikki Haley, the former South Carolina governor and UN ambassador who is challenging her onetime boss for the 2024 Republican presidential nomination. When it came to Ron DeSantis, the bots aggressively suggested that the Florida governor couldn’t beat Trump, but would be a great running mate.
Thank you Your Majesty for giving spoilt
manbaby Prince Harry and his wife a kick
up the backside 20 replies
manbaby Prince Harry and his wife a kick
up the backside 20 replies
When you go, will you send back a letter from America? Lochaber no more. Sutherland no more. Lewis no more. Frogmore no more.(Snip)Really, could anything be more splendid? How cheering that the King responded so compellingly to Harry’s 400 pages of petulance, not to mention trashing his family and the entire British nation on American chat-show sofas.(Snip) What quiet joy to see the karma train rattling down the track towards Montecito. On behalf of us all, I want to say thank you Your Majesty for giving this spoilt manbaby and his Lady Macbeth of a wife the kick up the backside that they so richly deserve.
Soil, gravel, plastic pellets and other various materials from the area near the East Palestine train derailment will be transported to Grafton’s Ross Incineration Services, 36790 Giles Road, over the coming weeks for treatment and destruction.(Snip)Andy Sedlak, corporate communications supervisor for Ross, said anywhere from 4,600 to 6,000 tons of contaminated soil will make its way to Grafton.(Snip) "The amount of vinyl chloride in (the soil coming to Grafton) is significantly much lower than the original spill," said Pat Lawson, Ross vice president of Corporate Compliance and Risk Management. Vinyl chloride, an industrial chemical and a prominent ingredient in PVC, can cause cancer
But I thought everything was okay? The EPA said its chemical readings are normal! Scientists from Texas A&M and Carnegie Mellon universities found that nine of the 12 chemicals from the East Palestine, OH, train disaster are reading higher than normal.(Snip)If the levels of some of these chemicals remain high, it could be a problem for residents’ health in the long term, the scientists say. Temperature changes or high winds might stir up the chemicals and release them into the atmosphere. The highest levels found in East Palestine were of a chemical called acrolein, the analysis says.
Zuckerbucks redux: Social media mogul
funds recruitment of progressives to administer elections 8 replies
funds recruitment of progressives to administer elections 8 replies
The injection of private money into public election administration--or "Zuckerbucks"--is continuing in a new form, as left-leaning candidates are being recruited to run for local elections offices by an organization that receives funds from Facebook founder Mark Zuckerberg. The U.S. Alliance for Election Excellence, a project of the Center for Tech and Civic Life (CTCL), is awarding funds to counties and municipalities under the Centers for Election Excellence program. The alliance will provide $80 million over five years "to envision, support, and celebrate excellence in U.S. election administration," according to CTCL.(Snip)The alliance is not the only left-leaning, Zuckerberg-linked organization seeking to influence elections.
Iran’s Islamic Guard (IRGC) is working on plans to assassinate former U.S. President Donald Trump and his Secretary of State Mike Pompeo for the killing of top Iranian terror operative Qassem Soleimani in early 2020, a senior Iranian general told the state TV on Friday.(Snip)After Soleimani’s killing, the Iranian regime threatened to assassinate President Trump and Secretary Pompeo invoking Islamic law. “Trump must face ‘God’s ruling’ and suffer ‘qisas’, which is the Islamic term for retaliation in kind,”(Snip)“If Trump and Pompeo are not tried in a fair court for the criminal act of assassinating General Soleimani, Muslims will take our martyr’s revenge,” Raisi declared.
The fallout continues from the derailment of a train carrying toxic chemicals near the Ohio-Pennsylvania border earlier this month, as local residents file lawsuits and some cast doubt on official assurances about air and water quality.(Snip)One of the chemicals they were most concerned about was vinyl chloride,(Snip)According to the National Cancer Institute, exposure to the gas is associated with “with an increased risk of a rare form of liver cancer (hepatic angiosarcoma), as well as primary liver cancer (hepatocellular carcinoma), brain and lung cancers, lymphoma, and leukemia.” The chemical can also enter water supplies and be ingested.
WASHINGTON, D. C. – U.S. Rep. Jim Jordan, a Champaign County Republican, opened the first hearing of a new Select Subcommittee on the Weaponization of the Federal Government by alleging a litany of improper political acts by the Federal Bureau of Investigation. (Snip) Democrats on Jordan’s subcommittee described its activities as a partisan exercise that itself constituted government weaponization. It’s top Democrat, Del. Stacey Plaskett of the Virgin Islands, said she believes Republicans will try to use the subcommittee to “look into and potentially muck up” federal criminal investigations of ex-President Donald Trump and said Democrats will resist those efforts.
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“Everything Everywhere All at Once” was named best picture at the 95th Academy Awards on Sunday, capping off an improbable awards season run by winning the movie business’s highest honor.
The film, a gonzo adventure about a Chinese-American laundromat owner grappling with an IRS audit and inter-dimensional attackers, earned seven statues, including original screenplay and directing honors for its creators Daniel Kwan and Daniel Scheinert (collectively known as the Daniels). The victory is a triumph for A24, the indie studio that pushed the zany film to an impressive $100 million at the box office, a stunning achievement at a time when the market for arthouse movies has shriveled.
President Biden on Monday blamed the collapse of Silicon Valley Bank and closure of Signature Bank on former President Trump's 2018 decision to scrap some Obama-era banking regulations. "Unfortunately, the last administration rolled back regulations," Biden said. Biden also offered assurances that the U.S. banking system is "safe and secure." "Americans can have confidence that the banking system is safe," Biden said in remarks at the White House before leaving for a three-day visit to California and Nevada. The president said he planned to ask Congress and bank regulators to restore Obama-era rules that were put in place to prevent
Even as Jan. 6 Narrative Implodes, Pence
Still Blames Bad Orange Man for Endangering
His Life 28 replies
Still Blames Bad Orange Man for Endangering
His Life 28 replies
Mike Pence is running hard to be the Mitt Romney of 2024, the controlled opposition establishment Republican nominee who will run for president and lose gracefully. Or if he somehow wins, he will do the Left’s bidding, but in a restrained, ostensibly conservative way. The formerly genuine conservative Pence showed that again Saturday at the Gridiron Club dinner in Washington, an annual event where speakers usually keep things light. The famously stone-faced former veep may have been incapable of cracking jokes, but he sure went all-in on making his remarks as heavy as possible and signaling that he would happily carry water for the Left,
‘As bad as we thought’: James Comer
says docs show ‘Biden family was getting
money from CCP’ 25 replies
says docs show ‘Biden family was getting
money from CCP’ 25 replies
House Oversight Committee chair James Comer claimed Sunday on Fox News that he has evidence proving that President Joe Biden’s family has profited from the Chinese Communist Party.
Watch part one below:(Video) Appearing on Fox News’ “Sunday Morning Futures,” he was asked by host Maria Bartiromo what he’d learned in the last two weeks since he was on the show.
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“We’ve had a very good two weeks. We are finally having people cooperate with us. I think we all know the Biden administration is stone-walling. Janet Yellen is stonewalling, not turning over the bank violations,” he replied.
“But fortunately, since we’ve last spoken, we actually have bank records in hand.
Former President Donald Trump is intensifying his attacks on Florida Gov. Ron DeSantis, calling him disloyal and saying that his political career would have been over had he not endorsed his ultimately successful 2018 campaign.
“He was dead as a dog, he was a dead politician. He would have been working perhaps for a law firm or doing something else,” Trump told a small group of reporters aboard his plane on Monday afternoon en route to Iowa, where he was to make an appearance that evening.
Asked if he regretted endorsing DeSantis for governor in 2018, Trump responded: “Yeah maybe, this guy was dead. He was dead as a doornail.
Another so-called “conspiracy theory” appears to be coming true — this time, regarding voting and the 2024 elections.
A coalition comprised of more than 50 left-wing organizations — including AARP, the ACLU, the Freedom From Religion Foundation, the League of Women Voters, and the NAACP — is pushing the Biden administration to increase voter registration and turnout among new immigrants and those who are currently in federal custody awaiting their trials ahead of the all-important 2024 elections. The Leadership Conference on Civil and Human Rights published a progress report titled “Strengthening Democracy,” in which it calls on federal agencies to “work quickly to do everything they can” to
The Biden Economy — hailed Monday morning by Presidentish Joe Biden as “strong” — seems like it’s falling apart, everything, everywhere all at once. NYSE halted trading of Charles Schwab, whose shares fell by more than 20%, and even a few Etsy sellers have been impacted by the fallout of Silicon Valley Bank’s (SVB) collapse.
Schwab’s fall was the firm’s “most ever on an intraday-basis,” even as company execs assured investors in a press release that “Schwab’s long-standing reputation as a safe port in a storm remains intact.”
Overall, trading of shares in over 30 banks was halted on Wall Street Monday morning, as the entire sector suddenly looks like a risk
Former White House press secretary-turned-MSNBC host Jen Psaki revealed on Monday that President Joe Biden is a "night owl."
According to her, his early morning remarks at 9 a.m. show just how "vital" he considers the Silicon Valley Bank collapse to be. It is important to note President Biden does nothing at 9 a.m. He is a night owl. So, the fact that he is doing this at 9 a.m. anyway speaks to how vital the White House recognizes it is for him to have his voice out there conveying that to the American public," she said on Morning Joe, prior to the president's speech.
Psaki added that
Stanford University has apologized to a Trump-appointed judge who faced an embarrassing protest by a woke student mob - joined by the school's dean of 'equity' - after he was invited to speak at the college's Law School.
Judge Kyle Duncan, from the fifth circuit of appeals, was ambushed by associate dean of equity, diversity and inclusion Tirien Steinbach during a discussion Thursday night.
Steinbach - a former ACLU lawyer who previously defended free speech - initially claimed Duncan had a right to express his views. But she then launched into an impassioned six minute speech - which she had written down - condemning his life's work.
The Trump-appointed judge who was heckled by law students at Stanford and the school's dean of inclusivity has spoken out to slam their ultra-woke stunt and attack on his free speech, saying none of them are fit to work in America's legal system.
Fifth Circuit Court of Appeals Judge Kyle Duncan had been invited to speak about 'COVID, Guns and Twitter' at Stanford Law's Federalist Society last week.
When he got there, he was interrupted and 'mercilessly' mocked by a group of liberal students. They were egged on by the school's dean of 'equity', Tirien Steinbach, who took to the lectern in an effort to humiliate Duncan, a conservative judge
Tirien Steinbach helped derail a talk by a federal judge. The school says the talk's organizers should contact her for 'support.' Hours after Stanford University apologized to Fifth Circuit appellate judge Kyle Duncan for the disruption of his talk last week, administrators encouraged members of the law school's Federalist Society chapter, which sponsored Duncan's visit, to "reach out" to the same administrators—including the diversity dean—who aided and abetted the melee.
Jimmy Kimmel once again proved to be ratings poison, with Sunday night’s Oscar telecast drawing a pathetic 16 million (give or take) viewers.
These early numbers could increase when the final numbers hit Tuesday.Regardless, Roger Friedman is embarrassing himself with his “Oscars are Back!” headline. How could the Oscars be back when last year 16.6 million tuned in, and that was a catastrophe—when that was the second-lowest viewership in Oscar telecast history?
Here’s a look at the last decade:
2013: 40.3 million
2014: 43.7 million
2015: 37.3 million
2016: 34.4 million
2017: 32.9 million
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Former FDIC chair Sheila Bair stated the effort was “trying to get things shored up before markets open.” That in almost all bank failures during the great financial crisis, they “did purchase an assumption...sold a failed bank to a healthy bank.” With Silicon Valley Bank, it was a rush, a liquidity failure, a bank run “so they didn’t have time to prepare to market.” Banks have to do that and are playing catch up. Sunday the FDIC announced additional funding will be made available “to eligible deposit institutions to help assure banks have the ability to meet the needs of all their depositors.”