Noted economist Nouriel Roubini has warned that the worst is yet to come for the U.S. economy in the wake of the recent banking turmoil, which could lead to a serious credit crunch. Roubini, who is nicknamed “Dr. Doom” for being one of the first economists to call the recession fo 2008–09, made the comments during an…
Top Economist Warns ‘the Worst Is Ahead of Us’ as Bank Crisis Will Lead to ‘Serious Credit Crunch’
Lawmakers Probe If Collusion Between SVB and Its Biggest Customers Helped Fuel Collapse
April 10, 2023
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Two Democrat lawmakers are probing if “mutual backscratching arrangements” between Silicon Valley Bank (SVB) and some of its biggest customers helped fuel its collapse early last month. Sen. Elizabeth Warren (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY) have requested responses from some of the largest depositors at the failed bank, to probe the nature of their relationship with the failed…
Venture Capital Funding for Start-Ups Plummets, Fewest Deals in Five Years
April 6, 2023
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Venture capital funding for start-ups plummeted by more than half in the first quarter of 2023 compared with the year before. The period saw a massive slowdown in the tech industry, as the number of new funding agreements fell to less than 3,000, a 55 percent decline and the lowest level in more than five years. American-based…
America’s Biggest Banks Experience Massive Withdrawals
America’s 25 biggest banks saw a huge $90 billion outflow of deposits last week, a sharp reversal from the prior week where larger financial institutions absorbed some of the deposits being withdrawn at a record pace from smaller banks in the wake of the Silicon Valley Bank (SVB) collapse. Between the collapse of SVB over…
America’s Biggest Banks Experience Massive Deposit Withdrawals
America’s 25 biggest banks saw a huge $90 billion outflow of deposits last week, a sharp reversal from the prior week where larger financial institutions absorbed some of the deposits being withdrawn at a record pace from smaller banks in the wake of the Silicon Valley Bank (SVB) collapse. Between the collapse of SVB over…
America’s Biggest Banks See Surge in Deposit Withdrawals
America’s 25 biggest banks saw a huge $90 billion outflow of deposits last week, a sharp reversal from the prior week where larger financial institutions absorbed some of the deposits being withdrawn at a record pace from smaller banks in the wake of the Silicon Valley Bank (SVB) collapse. Between the collapse of SVB over…
America’s Banking Regulators Have Failed
April 2, 2023
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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:…
Are We Just Seeing the Beginning of the Banking Crisis? | Truth Over News
March 31, 2023
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Silicon Valley Bank (SVB) failed in spectacular and sudden fashion on March 10, becoming the second largest bank to do so in our nation’s history and triggering a panic in our banking system in the process. Although virtually everyone knows of SVB’s failure, not everyone understands exactly why Silicon Valley Bank failed. Many have blamed…
Were Irish People the “First Slaves in America”? | The Larry Elder Show | EP. 146
March 31, 2023
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Bank bailoutbanking crisisEpochTVinflationinterest rateIrish SlaveryLive VideosReckless SpendingSilicon Valley BankThe Larry Elder ShowVideoWhite Slaves
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Some refer to it as the “Irish slaves myth,” which claims that there weren’t any Irish slaves, but “indentured servants.” However, according to UCLA history professor Roger McGrath, the Irish slave trade began when 30,000 Irish prisoners were sold as slaves to the New World. In most cases during the 17th and 18th centuries, Irish slaves…
Bank Turmoil Could Spread to Real Economy, Squeezing Credit Supply, Experts Warn
While the immediate threat of broader financial contagion seems to have abated following confidence-building emergency measures taken in the wake of the collapse of Silicon Valley Bank (SVB), experts are now warning of spillovers into the real economy in the form of a credit squeeze that could hit small businesses especially hard. Lending standards started…
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