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  • Barney Frank was right about Signature Bank

    Mar 20, 2023 6:26 PM ET A person walks past a Signature Bank in New York City, March 20. Photo: sarah yenesel/Shutterstock We never thought we’d be writing that headline. But on Sunday, the Federal Deposit Insurance Corp. known that New York Community Bancorp‘s Flagstar Bank will fully acquire Signature Bank‘s cash deposits, except those […]

  • From Zero to Hero – WSJ

    President Joe Biden at the University of Nevada, Las Vegas, March 15. Photo: Ethan Miller/Getty Images Isn’t it bizarre that so many people who cause problems then turn around and become heroes who solve the same problems they caused? Between the $1.9 trillion US bailout from the Biden administration and the green-laden $738 billion Inflation […]

  • The Silicon Valley Bank bailout

    The Treasury and Federal Reserve stepped in late Sunday to mitigate the financial damage of Silicon Valley Bank’s closing on Friday, guaranteeing even uninsured deposits and offering loans to other banks so they don’t have to take losses on their fixed income assets. This is a de facto bailout of the banking system, even though […]

  • California’s budget deficit is widening

    February 19, 2023 11:51 a.m. ET California Governor Gavin Newsom smiles outside the California State Capitol in Sacramento, Jan. 6. Photo: Yalonda M. James/Associated Press California Governor Gavin Newsom’s budget last month predicted a $22.5 billion deficit, but apparently his forecast was too bright. The Legislative Analyst’s Office (LAO) warned last week that the state’s […]