Odds and Ends — 12 March 2023
Cryptocurrency, Investing, Money, Economy, Business, and Debt:
Bailout talk roils Washington after Silicon Valley Bank’s collapse
Federal officials faced growing pressure Saturday to bail out even the biggest customers of the collapsed Silicon Valley Bank, igniting a ferocious political debate over Washington’s role in tamping down potential threats to the broader U.S. financial sector.
Tech executives, former government officials and at least two Democratic lawmakers called for safeguarding depositors with money at stake in the collapse if a buyer for the bank’s assets isn’t found by Monday, arguing that it’s the only way to limit a cascade of bigger problems.
Companies that did business with Silicon Valley Bank are already warning that the bank’s failure may force thousands of layoffs or furloughs, and prevent many workers from receiving their next paycheck.
I’d like to see some investigative journalism looking into Peter Thiel’s part in SVB’s collapse.
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
Oh yes, we should certainly heed the advice of a billionaire and bailout the banksters: Billionaire Bill Ackman on SVB collapse: Government has 48 hours to fix 'irreversible mistake'
Coronavirus News, Analysis, and Opinion:
US agencies debunk Florida surgeon general’s vaccine claims
A stalky creep who looks like a panty sniffer and offers you $100,000 is still a stalky creep who looks like a panty sniffer. https://t.co/AQXFHHE0p5
— Middle Age Riot (@middleageriot) March 10, 2023
Politics:
Russia’s Covert Operation for ‘the Next Ukraine’ Has Already Begun
Russia is working behind the scenes to run a major influence operation designed to destabilize the current government of Moldova, with the apparent aim of installing a Russia-friendly government…
Has Putin’s assault on Ukraine’s power grid failed?
Biden to Move Ahead on Major Oil Project in Alaska or White House denies reports Biden has decided to sign off on controversial Alaska oil project
Trump Gets Caught Trying to Play Judges to Manufacture Trial Delays
Trump’s lawyers have until Wednesday to explain how they tried to play two New York judges off each other by double-booking trials to potentially delay them both.
Trump already pushed back a potential late 2023 trial over duping investors to Jan. 2024, citing a conflict with the New York Attorney General’s trial over his fake financial statements to banks. But when Trump’s team recently sought to delay that AG trial, they got caught.
The true cost of Dominion’s devastating Fox News bombshells
In the Dominion versus Fox News defamation case, Fox is now trapped in an ever-worsening spiral of lies of its own creation. Time and time again, Fox allegedly trafficked in lies and falsehoods. And the result just might be a financial death penalty for the network…
Dominion is seeking $1.6 billion in lost profits and reputational harm. But it’s also seeking punitive damages, which are not capped under New York state law and could also be in the billions of dollars.
Serendipity:
Why Are All Action Heroes Named Jack, James, or John?
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