- Why are banks collapsing and is your money safe in the bank?
- Is your money safe in the bank after Silicon Valley Bank failure?
- How Silicon Valley Bank Collapsed in less than 48 hours
- Exclusive: Ex-Credit Suisse director says UBS deal could worsen bank contagion
- Will federal regulators secure deposits at all failing banks like they did at SVB?
- Former FDIC chair: A ‘mistake’ to guarantee 100% of deposits at banks
Our commentary partners will help you reach your own conclusions on complex topics.
Everyday folks will end up bailing out billionaires in bank failures
If you watch carefully, the recent collapse of banks in New York and California is going to lead liberals to say, oh, we need more bureaucracy, we need more government control. That is candidly baloney. The fact is, had the federal government and the regulators sitting in San Francisco, looked carefully at the Silicon Valley Bank, they would have realized its entire model was nuts. This was not a bank. This was venture capital, pretending to be a bank. He was an invitation waiting to collapse. And the track is if the regulators in New York and look carefully at the scale of investment in cryptocurrency, by the bank there, they would have intervened. Now, ironically, the co author of the most famous modern regulatory bill, Barney Frank, actually was involved as a member of the board of the New York bank, which collapsed, which tells you, it isn’t more red tape. It isn’t more federal regulators, it isn’t more bureaucracy. When these banks fail to perform, they need to be closed, when they’re close to failing to form there have to be advised, and sometimes their leadership has to be changed, but trying to cover up a government failure. And in both New York and California, the government failed to exercise power it already had by claiming Oh, the answer to government failure is more government. That makes no sense at all. And the fact is, we need to reestablish the principle that if you’re a wealthy, and you put your money in some way and it’s not insured, then the taxpayer should not bail you out. There’s no reason everyday working folks ought to be bailing out millionaires and billionaires because they took stupid risks. And that’s exactly what’s going to happen, particularly in the Silicon Valley Bank case. So President Biden may proudly say nobody will lose a penny. The American taxpayers are the ones who ultimately are at risk of losing a lot of pennies, and it’s wrong.
Shocking election of Argentina’s Javier Milei an indictment of the Left
Argentina will be transitioning to a new far-right presidency when Javier Milei takes office on Dec. 10. The 53-year-old libertarian prevailed in a run-off election in November by advocating for radical changes to address the country’s economic challenges, marked by high inflation and a volatile currency. But Milei has only a limited number of congressional
Despite the joy they brought, the pandas are back in China
China recently recalled all panda bears from U.S. zoos, following years of rising tensions between the two nations. The panda bear is an iconic symbol of China and Chinese culture. Straight Arrow News contributor Newt Gingrich observes that this is devastating to all Americans who find panda bears cute, cuddly and adorable. The only upside,
In face of conflict, be thankful for what you have this Thanksgiving
Thanksgiving falls during a time of war and political strife this year. While the holiday is typically a time for families to come together and count their blessings, this year’s gatherings could come with an extra portion of discord. In fact, a recent poll reveals a majority of families have agreed to leave political talk
GOP must reframe abortion debate after Nov. 7 losses
The Nov. 7 elections brought sweeping gains and victories for Democrats nationwide, especially in battleground states like Virginia and Ohio. While Republicans did earn some victories, their strict positions on abortion cost them at the polls. Straight Arrow News contributor Newt Gingrich observes that Democrats won most in the states where they focused on pro-choice
Democrats are conspiring to keep RFK Jr. off the ballot
Independent candidate Robert F. Kennedy Jr. initially launched his presidential bid as a Democrat, setting up a potential rivalry with President Joe Biden. If he manages to secure a spot on the presidential ballot as a third-party candidate, both Republicans and Democrats are worried that RFK Jr. could siphon votes from their own candidates. Straight
Underreported stories from each side
UPenn loses $100 million donation after antisemitism hearing
13 sources | 15% from the left
Post-Roe, nearly 1 in 5 people seeking an abortion traveled out of state, analysis finds
10 sources | 0% from the right
In addition to the facts, we believe it’s vital to hear perspectives from all sides of the political spectrum.