Bank Failures Highlight Risks of Using ESG in Americans’ Pension Funds
Biden vetoed bipartisan action from Congress that would have prevented pension fund managers from investing retirees’ money using environmental and social-justice criteria.
Americans to Bear Burden of Monetary System’s Gradual Deterioration, Economist Says
Ordinary Americans can expect their wealth to get chipped away as monetary system degrades and requires more intervention by authorities to perpetuate itself.
Morgan Stanley Strategist Warns of ‘Vicious’ Bear Market Phase as Bank Turmoil Challenges Investors
Morgan Stanley’s top investment officer warned investors shouldn’t see bailout of Silicon Valley Bank’s uninsured depositors as a reason to get bullish on stocks
US Cattle Inventory Forecast Falls to Lowest Level in Nearly a Decade: USDA
Declining cattle production and drought contributed to a sizable drop in beef supplies last year, the lowest in nearly a decade, according to the USDA.
Biden Bails Out the Rich and the Reckless
While these banks have been reckless, government intervention set the stage for the banking disaster and threatens to compound it with bailouts.
Swiss Government: UBS to Take Over Credit Suisse for More Than $3 Billion
Investment banking company UBS has agreed to purchase its rival Credit Suisse in a deal worth more than $3 billion after Swiss government mediated the merger.
America’s Oligarchs Planned To Attack MAGA With Everything They Had Day One Of Trump...
Steve Bannon addresses potential arrest of Trump and how the administrative state has set out on a witch hunt against him since he first announced his candidacy.
Moody’s Places 6 US Banks on Review for Downgrade
Credit ratings agency Moody’s has put six U.S. banks on review for downgrade, including First Republic Bank, which is one of the largest in the country.
Home Depot Founder Asks Americans to ‘Wake Up’ After Silicon Valley Bank Collapse
Home Depot's Bernie Marcus asked Americans to “wake up” to the reality that the U.S. economy is in “tough times,” following collapse of Silicon Valley Bank (SVB).
Biden Insists Financial System Is ‘Safe’ Following Failures of SVB, Signature Bank
President Biden on failures of banks, insists U.S. financial system is “safe” after Fed Reserve rolled out emergency lending program to stabilize banking system.
Government Steps In With Plan to Protect All Deposits at Silicon Valley Bank
Banking regulators announced an emergency measure to fully protect deposits at Silicon Valley Bank, a critical move in averting a panic over the bank’s collapse.
Federal Government Has 48 Hours to Fix ‘Irreversible Mistake,’ Billionaire Says
Several billionaires issued warnings over the weekend after the Silicon Valley Bank suddenly collapsed late last week and forced the federal government to step in.
