The Baltimore bridge that collapsed on March 26 was named for Francis Scott Key, who wrote the lyrics to the American national anthem “The Star-Spangled Banner”…
In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New Jersey governor….
This is a sequel to a post from January 25 titled “Is it time for another Lehman Brothers moment?“, discussing the threat of a 2024…
Reading the tea leaves for the 2024 economy is challenging. On January 5, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages…
Three US presidents were instrumental in establishing Thanksgiving as a regular national event. On October 3 1789, George Washington declared the first federal Thanksgiving holiday. In…
“You’ll own nothing and be happy’? David Webb has gone through the 50-year history of all the legal constructs that have been put in place…
US banks are again in the crosshairs. Standard and Poor’s has downgraded five new middle-tier banks and put three others on negative outlook. This follows sweeping downgrades earlier in…
When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that…
“Rather than collecting taxes from the wealthy,” wrote the New York Times editorial board in a July 7 opinion piece, “the government is paying the…
The debt ceiling crisis has again brought into focus the perennial gap between what the government spends and what it accumulates in taxes, and the…
Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers…
According to an article in American Banker called “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to…