[NYPOST] Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold.
There are 186 banks across the country that could fail if half of their depositors quickly withdraw their funds, a new study published on the Social Science Research Network found. Even insured depositors — those with $250,000 or less in the bank — could have problems getting their cash if these institutions face the sort of run that Silicon Valley saw a week ago.
The concern is that these banks hold a significant amount of their assets in interest-rate sensitive financial instruments like government bonds and mortgage backed securities. The value of those older, low-interest investments dropped sharply as the Federal Reserve hiked interest rates over the past year.
In the case of SVB, the Santa Clara, Caliphornia, an impregnable bastion of the Democratic Party,-based institution parked much of its cash in long-term government bonds, which are ultra-safe in terms of losing the initial investment, but were not worth as much as when SVB bought them, because interest rates have since gone higher. The bank had to sell off some of those bonds to meet customer demands for withdrawals at less than it paid for them, resulting in a nearly $2 billion loss.
Posted by: Fred ||
03/19/2023 00:00 ||
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Posted by: Tom ||
03/19/2023 13:11 Comments ||
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#5
#3
On flight back from Chicago some years ago I was offered a $10,000
finders fee in the eighties to find someone to buy the Mustang Ranch in the eighties. They use to pay their tax in cash.
[IsraelTimes] Preliminary conversations held over practicalities of potential court appearance by ex-US president as part of probe into hush money paid to women who allege sexual encounters.
Manhattan District Attorney Alvin Bragg’s office has apparently been examining whether any state laws were broken in connection with the payments or the way Trump’s company compensated former Trump lawyer Michael Cohen for his work to keep the women’s allegations quiet.
Daniels and at least two former Trump aides — onetime political adviser Kellyanne Conway and former spokesperson Hope Hicks — are among witnesses who have met with prosecutors in recent weeks.
Cohen has said that at Trump’s direction, he arranged payments totaling $280,000 to porn actor Stormy Daniels and Playboy model Karen McDougal. According to Cohen, the payouts were to buy their silence about Trump, who was then in the thick of his first presidential campaign.
#1
...They can't stop themselves, but they are terrified of the potential blowback.
Insane.
Mike
Posted by: Mike Kozlowski ||
03/19/2023 5:48 Comments ||
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#2
Two interesting scenarios. DeSantis might require - and nix - an extradition order. Trump could elect not to bond himself out and insist on being jailed to grandstand (which would make it very interesting to accommodate his Secret Service bodyguards). Neither is likely but all the cards seem to be on the table.
#3
Interesting precedent. Hush money is now illegal. Doesn’t Congress have a hush money fund? Seems to blow holes in any rationale for keeping the Epstein client list on the DL.
Posted by: Super Hose ||
03/19/2023 8:04 Comments ||
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#4
There are only two ways to violate the law per Mark Gaetz. Illegal fund raising and using campaign money illegally.
[NYPOST] "He can run but he can’t hide," legendary boxer Joe Louis once said about an opponent.
These days, the same thing might be said about the president of the United States.
At a crucial moment of his tenure, Joe The Big Guy Biden ...46th president of the U.S. Joe's wife and daughter weren't killed by a drunk driver. He didn't graduate with three or even two degrees, wasn't in the top half of his law class, and his daddy didn't come home from a hard day's work in the mines and play football with the guys. The NAACP hasn't endorsed him every time he's run. On the other hand, he did abandon Afghanistan... is repeatedly refusing to take questions.
The odd ducking and weaving have even the normally docile White House press corps in an uproar.
Why won’t he answer us, they demand to know.
The question answers itself — Biden won’t face the media because he’s got something to hide.
But as with Joe Louis’ opponents, running won’t work.
For despite Biden’s efforts, day by day, drip by drip, his dirty secret is coming into view.
With each new piece of evidence, it becomes more certain he was directly involved in his family’s influence-peddling schemes.
The latest developments also confirm something else — that elections have consequences.
The GOP victory that gave the party control of the House of Representatives is already producing crucial information that House Dems scandalously kept secret for more than two years.
Even the Department of Justice, supposedly investigating Hunter Biden ...son of President Joe: cashiered from the Navy, a crackhead, wheeler dealer, leg humper, horn dog, and general all around ne'er do well. We're supposed to feel sorry for him... since at least 2018, apparently wasn’t interested in major evidence hiding in plain sight.
Count all this as an example of how divided government usually works best.
Most important, the probers are doing it in the way made famous by Watergate — following the money.
Consider that a single Republican subpoena to Bank of America yielded key details on how a suspect $3 million payment from a Chinese energy company was divided among Biden family members and associates.
Hunter Biden and Jim Biden, the president’s son and brother, got the lion’s share.
But Hallie Biden, the widow of Joe’s late son Beau and Hunter’s lover, also got $35,000, the first time she is known to have shared in a windfall that might have totaled as much as $11 million, according to Sherlocks.
In the understatement of the year, GOP Rep. James Comer of Kentucky said, "It is unclear what services were provided to obtain this exorbitant amount of money."
Comer, the aggressive head of the Oversight Committee, has said repeatedly the probe is ultimately about Joe Biden and emphasized the point again on Thursday.
"The Oversight Committee is concerned about the national security implications resulting from President Joe Biden ...... 46th president of the U.S. I'm not working for you. Don't be such a horse's ass. Don't say he didn't warn us...... ’s family receiving millions of dollars from foreign nationals," Comer said.
"We will continue to follow the money trail and facts to determine if President Biden is compromised by his family’s business schemes and if there is a national security threat."
In a sign that Comer hit a nerve, his comments and the revelation about the $3 million rattled both Hunter Biden’s legal team and the White House, with each issuing statements that suggest new levels of desperation.
"Hunter Biden, a private citizen with every right to pursue his own business endeavors, joined several business partners in seeking a joint venture with a privately-owned, legitimate energy company in China," his spokesperson said, effectively confirming the payments for the first time publicly.
Posted by: Fred ||
03/19/2023 00:00 ||
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#3
All the talk now of indicting Trump is meant to soften the blow that is to come of the indictment of Biden. He is obviously guilty of accepting bribes through gifts to members of his family, and there is ample evidence of that from the laptop, and from Biden's own mouth.
If the current president is allowed to commit crimes against the state, why can't every government employee do so?
Democrats always seem to accuse Republicans of crimes they themselves commit!
Posted by: By now ||
03/19/2023 11:44 Comments ||
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#4
All the talk now of indicting Trump is meant to soften the blow that is to come of the indictment of Biden. He is obviously guilty of accepting bribes through gifts to members of his family, and there is ample evidence of that from the laptop, and from Biden's own mouth.
If the current president is allowed to commit crimes against the state, why can't every government employee do so?
Democrats always seem to accuse Republicans of crimes they themselves commit!
Posted by: By now ||
03/19/2023 11:45 Comments ||
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#5
"Hunter Biden, a private citizen with every right to pursue his own business endeavors, joined several business partners in seeking a joint venture with a privately-owned, legitimate energy company in China," his spokesperson said, effectively confirming the payments for the first time publicly.
Wonderful! Great! How do I get some of that Chinese money? Is it as simple as changing my lat name to Biden? I'm off to the courts tomorrow to do it! Gravy train, here I come!
Posted by: Tom ||
03/19/2023 13:13 Comments ||
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#6
I thought he was a painter.
Posted by: Super Hose ||
03/19/2023 14:24 Comments ||
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[Townhall] Gov. Ron DeSantis ...Republican governor of Florida, stone in the shoe of the Dems and their ilk, maybe one-day president... (R-Fla.) unveiled an alliance with more than a dozen other states to fight against President Joe The Big Guy Biden ...46th president of the U.S. Old, boring, a plagiarist, fond of hair sniffing and grabbing the protruding parts of women, and not whatcha call brilliant. Just look at the competent way he dumped Afghanistan... 's environmental, social, and corporate governance investing (ESG).
According to a blurb, the 19 states argue that Biden's woke ESG agenda is "destabilizing the American economy and the global financial system," threatening America's economic freedom.
"The proliferation of ESG throughout America is a direct threat to the American economy, individual economic freedom, and our way of life, putting investment decisions in the hands of the woke mob to bypass the ballot box and inject political ideology into investment decisions, corporate governance, and the everyday economy," the states wrote in a joint statement.
The states pushed against Biden's woke ideology, saying that he is putting the pensions of thousands of hundreds of hardworking Americans at risk instead of prioritizing investment decisions on the highest rate of return. The blurb says that they aim to change how asset managers invest Americans' money and ensure that corporations focus on maximizing shareholder value.
"Retirees, already suffering from the reckless fiscal policies of the Biden Administration, will continue to experience diminished returns on the investment of their hard-earned money while the corporate elite continues to use their economic power to impose policies on the country that they could not achieve at the ballot box," the statement continued. "The proliferation of ESG throughout America is a direct threat to the American economy, individual economic freedom, and our way of life, putting investment decisions in the hands of the woke mob to bypass the ballot box and inject political ideology into investment decisions, corporate governance, and the everyday economy."
Republicans have brought forth legislation that would nullify the Biden Administration's existing ESG rule, allowing retirement fund managers to consider ESG factors. However, some people are alive only because it's illegal to kill them... the president is expected to veto it.
The statement highlighted two efforts the states agreed to fight back on. One is to protect taxpayers from ESG influences across state systems, and the other is to protect citizens from ESG influences in the financial sector.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[NYPOST] Nearly 200 more banks may be vulnerable to the same type of risk that took down Silicon Valley Bank: The value of the assets they hold. 
...son of President Joe: cashiered from the Navy, a crackhead, wheeler dealer, leg humper, horn dog, and general all around ne'er do well. We're supposed to feel sorry for him...
...Republican governor of Florida, stone in the shoe of the Dems and their ilk, maybe one-day president...
