Financial expert Daniel Davies explains why Silicon Valley Bank imploded.
Federal Reserve
Posted inEconomic Policy
The Case for a Banking Public Option
Every individual and business should get the same Federal Reserve account benefits that banks enjoy.
Posted inEconomic Policy
There Are Worse Things Than Mild Inflation
A shaky banking system, for one. A failure to comprehend how the climate crisis raises prices, for another. Will the Fed continue to compound the damage?
Posted inEconomic Policy
The Silicon Valley Bank Bailout Didn’t Need to Happen
The debate over protecting all deposits in a blink looks past the incompetence that got us here.
Posted inPolitics
President Biden Should Get Rid of Trump Holdovers
When a president attempts a coup, his lackeys ought to be purged from federal service.
Posted inTAP
The Fed-Induced Bank Wobble
Today on TAP: Silicon Valley Bank’s collapse is a function of the Fed rate spike, and will surely trigger calls for its well-heeled tech and venture capital clients to get a bailout.
Posted inLaw and Justice
Conservative Witness Admits Potential Chaos From CFPB Court Case
The witness said that the Supreme Court finding CFPB’s funding unconstitutional ‘could result in significant problems throughout the financial system.’
Posted inEconomic Policy
Rumored Fed Nominee Thinks Tim Geithner Did Right by Homeowners
President Biden may nominate Janice Eberly, former deputy to the mastermind of America’s foreclosure crisis.
Posted inTAP
Excessive Bank Overdraft Charges Demand Regulation
Today on TAP: It’s another vivid case of the junk fees that Biden has begun to challenge.
Posted inTAP
The Fed’s Own Economists Challenge Interest Rate Folly
Today on TAP: Biden should appoint a prominent dissenter to the open post of Fed vice chair.