|
North Star member Bill Barclay breaks down the Silicon Valley Bank collapse here.
Excerpt: Where is Powell? Where is Yellen? Stop this crisis NOW. Announce that all depositors will be safe. – David Sacks, PayPal co-founder and Silicon Valley libertarian commentator, 3/10/2023 OK. We can all enjoy some schadenfreude as the Silicon Valley techno-libertarians discover that maybe there is a role for government, after all. Especially when their money in Silicon Valley Bank (SVB) might vanish. Of course, it didn’t. It didn’t because those burdensome government agencies decided to make them whole, 100 cents on the dollar, including the more than 90% of deposits that were above the $250,000 Federal Deposit Insurance Corporation insurance limit. . . .
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
Principles North Star caucus members
antiracismdsa (blog of Duane Campbell) Hatuey's Ashes (blog of José G. Pérez) Authory and Substack of Max Sawicky Left Periodicals Democratic Left Socialist Forum Washington Socialist Jacobin In These Times Dissent Current Affairs Portside Convergence The Nation The American Prospect Jewish Currents Mother Jones The Intercept New Politics Monthly Review n+1 +972 The Baffler Counterpunch Black Agenda Report Dollars and Sense Comrades Organizing Upgrade Justice Democrats Working Families Party Poor People's Campaign Committees of Correspondence for Democracy and Socialism Progressive Democrats of America Our Revolution Democracy for America MoveOn Black Lives Matter Movement for Black Lives The Women's March Jewish Voice for Peace J Street National Abortion Rights Action League ACT UP National Organization for Women Sunrise People's Action National Network for Immigrant and Refugee Rights Dream Defenders |
RSS Feed