Billionaire investor Warren Buffett predicts more U.S. banks will fail, yet he’s so confident that not a single American depositor will lose any money in a bank collapse thanks to federal deposit insurance that he’s willing to bet $1 million on that outcome. “We’re not through with bank failures,” Buffett said in an interview on CNBC’s…

In the wake of recent failures in some regional bank, Americans across the board are finding it harder to get credit. Because smaller banks are so critical to small-business and consumer lending, many analysts predict the fallout from the Fed’s campaign to tame inflation will have dire consequences for the economy. “Bank lending peaked in…

Commentary March 28 hearings on bank regulation exposed the shortfall of federal regulation. The hearings came in the wake of the Silicon Valley Bank (SVB) failure and the stresses on other banks, like Signature and Republic.  To put it frankly, the hearings exposed our regulators appear to be virtually useless. Among things we learned last week:…

Commentary On the very day that lockdowns were announced (March 16, 2020), the Federal Reserve revved up its printing press and Congress prepared the CARES Act that spent $2.2 trillion to feed the lockdown beasts at the state level. It was a huge turning point in U.S. history that changed everything. We are still dealing…

Billionaire investor Bill Ackman said that the Federal Reserve’s latest decision to raise interest rates by 25 basis points, combined with Treasury Secretary Janet Yellen’s remarks that there are no plans for unlimited deposit guarantees, was a “big mistake” that puts more pressure on smaller banks and sends the economy toward a “train wreck.” Ackman…

TikTok’s CEO was grilled by lawmakers from both parties in a high profile hearing today. What did lawmakers ask, and did the CEO in any way convince them? U.S. banks losing deposits, especially after the bank collapses this month. How much did the most vulnerable banks likely lose? How does the government’s effort to support…

TikTok’s CEO was grilled by lawmakers from both parties in a high-profile hearing Thursday. What did lawmakers ask, and did the CEO in any way convince them? U.S. banks are losing deposits, especially after the bank collapses this month. How much did the most vulnerable banks likely lose? How does the government’s effort to support…

Strategists at JPMorgan Chase predict that the Federal Reserve’s emergency lending program to bolster stressed banks could inject as much as $2 trillion into the U.S. banking system, with some analysts raising concerns that the program could fuel inflation or boost moral hazard. Following the abrupt failures of Silicon Valley Bank (SVB) and Signature Bank,…