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News & Articles By JD Heyes
03/21/2023
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By JD Heyes
Global markets continue to slide as Swiss bank giant Credit Suisse loses more than 60 percent of its value after UBS buys it
Another massive bank — and bank bailout — has occurred as the global financial crisis that began (where else?) in the United States earlier this month continues to spread. On Monday, global stock markets experienced a sharp decline following the announcement by Swiss authorities that troubled Credit Suisse would be taken over by UBS Group. […]
03/21/2023
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By JD Heyes
Emergency loans to banks spike to record level as they borrow eye-watering $153 billion, a 3,000% surge from previous week
After the 2008 financial crisis Americans were told that a law passed by Congress expanding federal authority over the financial industry and creating an all-powerful new federal agency — the Consumer Financial Protection Board — that we’d never have another problem. As usual, Democrats — who were in charge of Congress and the White House […]
03/17/2023
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By JD Heyes
Jaw-dropping video proves Signature Bank was a WOKE institution run by clowns focused on left-wing culture, not profits and risks
After regulators intervened to prevent the systemic collapse of Signature Bank earlier this week, the institution is now facing backlash after several of its “woke” videos went viral on social media. Critics have questioned the company’s focus on social justice messaging instead of its banking operations as its management team insisted on pushing left-wing cultural destruction and […]
03/17/2023
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By JD Heyes
No wonder it failed: Obama official, Hillary donors, improv actor all on board of Silicon Valley Bank
One of them is a Hillary Clinton mega-donor who visited a Shinto shrine to pray when Donald Trump won the White House. Another is a former staffer for President Barack Obama whose own political career ended in failure. A third person is a frequent contributor to Democrats, including Nancy Pelosi, who owns a vineyard near […]
03/16/2023
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By JD Heyes
Capitalism is ‘breaking down before our eyes,’ says prominent hedge fund manager Ken Griffin
Ken Griffin, the founder of Citadel hedge fund, has stated that the Federal Reserve’s rescue package for Silicon Valley Bank is a clear indication that American capitalism is “breaking down before our eyes,” according to a report this week. He argued in an interview with the Financial Times that taxpayers should not have to bail out […]
03/15/2023
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By JD Heyes
Fallout from SVB collapse spreads around the world as global economic system teeters
The financial fallout from the collapse of Silicon Valley Bank late last week is now reverberating around the world, putting the global economy at risk of collapse. Startup founders in California’s Bay Area are growing increasingly anxious about their ability to secure funding and pay employees. The contagion fears have spread to countries such as Canada, […]
03/14/2023
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By JD Heyes
Failed Silicon Valley Bank paid out bonuses to staffer HOURS before it collapsed as Biden talked about possible bailout
Most Americans alive today remember the “Great Recession” of 2007-08 and know just how close the country came to total economic collapse, thanks to bad banking business practices. In the aftermath of that near-disaster, Democrats passed legislation they claimed would prevent any similar incidents in the future. Sen. Elizabeth Warren (D-Mass.) stumped for and got […]
03/14/2023
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By JD Heyes
Stablecoin USDC busts through dollar peg as its cryptocurrency at risk of losing billions in SVB collapse
The collapse of Silicon Valley Bank in California is continuing to have negative reverberations throughout the economy and across the finance and tech worlds. Circle, a US-based cryptocurrency firm, announced over the weekend that nearly 8 percent of its $40 billion reserves were tied up with SVB. As a result, the value of Circle’s stablecoin, […]
03/14/2023
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By JD Heyes
Federal regulators close ANOTHER major crypto-centric bank over fears of imminent collapse
Whatever is going on in the banking and financial sector over the past several days, things appear to be getting more dire, not less. In an effort to prevent the banking crisis from spreading, New York state regulators closed down Signature Bank, a major lender in the cryptocurrency industry, on Sunday, according to a report […]
03/13/2023
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By JD Heyes
Silicon Valley Bank collapse biggest since Great Recession as FDIC promises to cover ALL deposits, not just first $250K (UPDATED)
The demise of Silicon Valley Bank is the second-largest bank collapse in the history of the United States. The bank’s collapse on Friday has sparked concerns among customers who risk losing deposits worth tens of billions of dollars. The failure of the bank is only surpassed by the collapse of Washington Mutual in 2008. When […]
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