Two large regional banks failed within a period of only two days, Silicon Valley Bank (SVB) on March 10, and Signature Bank on March 12. Both banks had a combined aggregate asset size of $319 billion as of Dec. 31,…
What do Willie Sutton and Democrats have in common? One can rob a bank by wearing the Hamburglar’s mask, handing over Virgil Starkwell’s note, and waving around Evelle Snoats’s firearm. Alternatively, one can simply join the bank’s board and direct…
Six months ago, SVB, the parent company of Silicon Valley Bank, announced an audit so important to its business that it sent out a press release to promote it and hired Paul, Weiss, Rifkind, Wharton & Garrison to conduct it….
Inflation reached 7.9 percent last month. Gas prices have passed the recession threshold of $130 per barrel. So, what is President Biden’s newest plan to fix the mess that the Federal Reserve’s “New Normal” of printing $120 billion in quantitative…
It’s one thing after another for Johnson & Johnson’s (J&J) perfectly safe talcum-based baby powder, for which the company has been besieged with billions of dollars in lawsuits. After several massive judgments and settlements, it wisely offloaded liability onto a…
Financial institutions have an essential role in preventing online sex trafficking, including the monetization of filmed underage sexual abuse, which is rampant on mainstream websites. Last year, Pornhub, the world’s most popular porn site with 47 billion visits per year…
The economy is reopening. Consumer spending increased by almost 18 percent last month, sending the stock market soaring. That’s the good news. The bad news is that with no COVID-19 vaccine or cure on the horizon, consumers have not fully…
It is no secret that the political Left’s wish list overflows with radical proposals that are far too unpopular to pass into law. Extreme, socialist ideas such as free college tuition, outlawing fossil fuels, speech restrictions, universal Medicare, open borders,…
If Lawrence Welk were with us today, after a performance of the Lennon Sisters on his show, he might introduce a commercial like this: “And now, from Menlo Park, the Facebook cryptofolks.” With customary arrogance and digital panache, Facebook Inc….
