Monday, March 13, 2023

Flotsam and Jetsam - Bank Failures

They say history doesn't repeat, but but it rhymes. A new fly in the ointment of the Biden economy, "suddenly" three large banks have failed, causing hysteria in the financial community, and forcing the Feds to intervene. Beege Wellborn at Hat Hair Gird your loins says I'm not sure "bloodbath" will be descriptive enough for Silicon Valley Bank failure, Update: Yellen says no bailout, focus on depositors MORE: Auction underway. Eric Worral at WUWT wonders Was the Silicon Valley Bank Collapse Caused by Climate Activism? Probably not entirely, but it contributed to the inflation that did. Sauron's Eye, Regulators close New York's Signature Bank following Silicon Valley Bank collapse. Fox Business, Signature Bank shut down in connection with Silicon Valley Bank collapse, "Founded in 2001, the New York-based Signature Bank was popular among crypto companies." Insty, NOTHING TO SEE HERE, MOVE ALONG: Signature Bank fails, closed by regulators.

But: SVB, Signature Bank Depositors to Get All Their Money as Fed Moves to Stem Crisis. “Officials took the extraordinary step of designating SVB and Signature Bank as a systemic risk to the financial system, which gives regulators flexibility to guarantee uninsured deposits. Officials said that depositors at SVB will have access to all of their money on Monday.”  . . . And, also from the comments: “The government spent all weekend so they could bail out rich politically connected investors. Compare this to East Palestine Ohio where it took the government 3 weeks to even pretend to give a damn. Seriously the government worked over a weekend to just help out rich tech investors. Contrast that with 3 weeks before the feds did anything to even pretend to help out a community dealing with a massive chemical spill.” Well, to be fair, those were deplorables.

Jazz Shaw at Hat Hair wonders  Can Washington stop the bank runs? Probably, but traditionally they make things worse first. Stacy McCain contributes Bailouts and Bulls***: Fed Officials Claim ‘No Cost to Taxpayers’ in SVB Deal. "Biden officials act like it’s all Monopoly money anyway, so why should anyone else take it seriously? This whole regime of no consequences and no accountability, where the politically connected are protected, obviously cannot go on forever."

At Am Great, the great Victor Davis Hanson explores The March Madness of the President "Joe Biden’s political utility and near senility serve as exemptions for his often sexist, racist, and creepy riffs."At WaEx, Sen. John Kennedy says the only way to improve Biden’s budget is with 'a shredder.' He's a national treasure. At Red State, Nick Arama is pissed Biden Laughs About IRS Going After Americans, as Yellen Gives Away His Huge LieRep. Adrian Smith@RepAdrianSmith "Secretary Yellen just admitted before @WaysandMeansGOP that 90% of new audits under the Inflation Act will be on families and small businesses, not "billionaires and tax cheats."" At PJ Media Kevin Downey reports Rep. Comer Says He Has the Goods on Hunter Biden and His Commie $$$ and Rick Moran hears Top Democrats Call on Party Members to Stop Denigrating VP Harris. Sarah Arnold at Town Hall sees the White House Attacks DeSantis Ahead of the 2024 Election.

At Town Hall, Kurt Schlichter on the 2024 Candidates: The Good, The Bad, And The Pointless "Of the Democratic presidential candidates, those who are not Methuselahs are full-blown morons or towering mediocrities, and some are all three." KT at Hat Hair believes Pence leaps toward presidential bid with Gridiron Dinner jokes aimed at Trump, Buttigieg. Maybe he just wanted a free meal, because he won't be elected President. PJ Media's Ryan Ledendecker hears Trump Touts Past Success With America's Farmers Ahead of Iowa Visit. At Front Page, Trump KOs GOP Globalists, "The contrast between Trump and the worn-out ideas of his media-pandering rivals." Gavin Wax at Am Great believes Donald Trump Reemerges as the Republican Alpha at CPAC "Trump has galvanized and, dare I say, weaponized these American kulaks against the entire rotten apparatus. He has given the gift of true class consciousness to the common American man and woman." MSNBC believes A new poll that suggests Ron DeSantis’ 'anti-woke' crusade will backfire "The same message that works for the Republican base doesn't work for most Americans." Gail Heriot at Insty thinks DeSANTIS GETS BRAGGING RIGHTS
 I haven’t made it a secret that I am a fan of Governor DeSantis. Last September, I worried that he would be unfairly blamed for whatever damage Hurricane Ian was able to inflict on the Sunshine State. (As you will recall, the mainstream media was weirdly successful in convincing the country that Bush was to blame for Hurricane Katrina, and far too many Americans bought the story that Trump was to blame for Hurricane Maria in Puerto Rico). Fortunately, DeSantis has been able to point out how successful he was in dealing with Ian (most recently in his State of the State address a few days ago). Purr.
At Fox, Newest political party on ballot in three states has Democrats terrified, "No Labels on 2024 ballot in three states; Dems warn 'unity ticket' really a 'spoiler' to Biden's reelection" Colorado, Arizona and Oregon. It might matter in the first two. Vicky Marshall at Da Fed, RNC, Vermont GOP Sue City Of Winooski For Letting Noncitizens Vote On Spending State Funds.

At Da Caller, ‘Horrifying’: Huge Proportion Of Children Pursuing Gender Transitions Are Actually Autistic, Experts Believe. At HE, MIA ASHTON: The looming catastrophe of transition regret and the lessons of psychiatry's madness. From lobotomies to hysterectomies, it's not like they haven't been wrong before. Declan Leary at Am Con maintains Transgenderism Must Be Eradicated "They may indeed be coming for your kids. But in the end, they are coming for reality." From Da Caller, WV GOP Caves, Agrees To ‘Mental Health’ Exception In Sex Change Treatment Ban For Minors. Stupid. Mike LaChance at LI reports Conservative Female Authors Attacked by Protesters at Book Launch Event. At Am Think Thomas Klocek thinks liberals are intent on Erasing Women

Herr Professor Jacobsen at LI, claims Stanford Law Student Shout-Down Reflects Normalization Of Intimidation Of Conservative Judges. "Intimidation of conservative Supreme Court Justices, including protests at their homes, has normalized intimidation of conservative jurists. It’s no surprise that it has trickled down to elite law schools and an attack on Fifth Circuit Judge Stuart Kyle Duncan." Josh Blasckman at the Volokh Conspiracy asks Is The DEI Juice Worth The Squeeze? "The debacle at Stanford Law School is the logical conclusion of DEIdeology." Jazz Shaw at Hat Hair cites the example of the Black California diversity director fired for asking questions
Here is a partial list of the various “mistakes and sins” that Dr. Tabia Lee was accused of:
  • Questioning anti-racist policies and asking what “anti-racism” even means.
  • Declining to join a “socialist network”
  • Asking why the word “Black” was capitalized but not “white”
  • Refusing to use the terms “Latinx” and “Filipinx”

James Nault at LI,  Sen. Tom Cotton Introduces Bill to Stop Teaching CRT in the Military "The Combating Racist Training in the Military Act would prohibit DOD from teaching racist CRT ideology in the military, including at the Service Academies." Breitbart cites Bill Maher: ‘Equity’ Is Orwellian Shifting of Language ‘To Change the Way People Think’ and That’s Happening More

Matt Vespa at Hat Hair VIP, The Left's Biggest J6 Narratives Got Torched This Week. At the Spectator Freddy Gray has a podcast featuring Roger Kimball, What happened on January 6th? At PJ Media Bob Spencer  notes that Even as Jan. 6 Narrative Implodes, Pence Still Blames Bad Orange Man for Endangering His Life. At the Victory Girls, Chansley Gains Support From Musk And Turley. At Da Caller, January 6 Prison Choir Has The Number One Song In The Country. At the Bookworm Room, The media sin of reporting and debating from false premises. "Jan 6th should have happened — it was what America stands for or, at least, stood for — protesting and making their feelings known. The fact that some were herded into the Capitol building was not a problem and the disruption of the proceedings was not a problem. The only problem was Epps’ incitement and the team of professional provocateurs. You could say that one person disrupting proceedings is selfish self-aggrandizement (probably), while half a million is democracy." At Am Great, Chris Roach says So Much for Transparency, "In an age of lies, telling the truth is a revolutionary act. Tucker Carlson’s release of January 6 video is a big step in the direction of undermining trust in an establishment that deserves little." Derek Hunter at Town Hall, Democrats Are Terrified Of An Educated And Informed Public.

At Twitchy, Matt Taibbi DROPS Stacey Plaskett for lying with her own UGLY ‘direct quote’ and it’s a GLORIOUS thing. Nick Arama at Red State, Taibbi Drops Yet Another Dem With a Little Reality. On the Summit, Democrats Refuse To Address The Contents Of The Twitter Files – Attack The Messengers Instead. Miranda Devine at NYPo finds The media ignore Democrats in Congress stepping on freedom of speech. Matt Taibbi at Racket highlights The Democrats' Disastrous Miscalculation on Civil Liberties

At the Conservative Brief, Jim Jordan Says He’s ‘Building the Case’ to Target Fauci With Criminal Referrals. Caleb Howe at Mediaite, ‘Prosecute Me For WHAT?!’ Anthony Fauci Erupts Over ‘Insanity’ of ‘Irresponsible’ Calls for His Arrest. It's not a crime to be wrong about the science, but it might be a crime to cover it up. At Brownstone thinks Science Is Not to Be Trusted. Of course not, science should be evaluated based on the evidence provided.

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