Warren calls for investigation into the Fed amid banking turmoil "The fed doesn't just get to do its own investigation," Warren said. Axios · Mar 19, 2023
Bank failures: Anger in Congress, but division on what to do Congress is trying to figure out how best to respond to the abrupt failure of two U.S. banks The Independent UK · Mar 18, 2023
The collapse of major US banks leads to bills calling for more regulation When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in. The Conversation · Mar 17, 2023
Biden urges ‘accountability’ for executives of failed banks US president calls on Congress to impose tougher penalties on senior officials of banks that fail due to mismanagement. Al Jazeera · Mar 17, 2023
New Regulations Won't Stop the Next Bank Collapse Plus: Another campus free speech debacle, foreign cheese groups lose Gruyere trademark case, and more... Reason · Mar 17, 2023
SVB, First Republic CEOs involved in lobbying pre-banking crisis In late January, First Republic Bank's CEO wrote to U.S. regulators saying his bank did not pose signficant risk to the U.S.'s financial stability. Fortune · Mar 17, 2023
Editorial: Don’t let incompetent bank executives derail the Fed’s inflation battle Democratic U.S. Sen. Elizabeth Warren thinks she knows who to blame for the collapse of Silicon Valley Bank, and the financial fallout that followed. Chicago Tribune · Mar 17, 2023
Experts, banks look for ideas to stop next bank failure The warning signs were all there The Independent UK · Mar 16, 2023
Elizabeth Warren says Republicans handed Fed chairman ‘flamethrower that he aimed at the banking rules’ The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations The Independent UK · Mar 16, 2023
Lawmakers are split on how to respond to the recent bank failures Days after the failure of two regional banks shook the financial industry, lawmakers say they want answers but disagree on what role Congress should play right now. WEKU · Mar 16, 2023
U.S. Sen. Bernie Sanders endorses Johnson in April 4 mayoral runoff Paul Vallas touted endorsements from the Chicago Fire Fighters Union Local 2, former Illinois Senate President Emil Jones Jr. and five City Council members. Chicago Sun-Times · Mar 16, 2023
Elizabeth Warren slams Powell for weak regulation, oversight of SVB Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday. Tribune News Service · Mar 16, 2023
Top GOPer: No need for tougher bank rule Critics say Mike Crapo's law exempting SVB and others from stricter requirements led to collapse Salon · Mar 16, 2023
Robin Abcarian: Reports of a rift between Kamala Harris and Elizabeth Warren play into Republican hands There are so many ways to delegitimize a woman in politics: Attack her for the sound of her laughter, for shedding a tear on the campaign trail, for her choice of clothing, for being cranky with her staff or eating her salad with a comb. Los Angeles Times · Mar 16, 2023
Tribune News Service · Mar 16, 2023 Rep. Katie Porter comes to Northern California for Senate campaign: ‘I see Sacramento as distinct’ SACRAMENTO, Calif. — Southern California Senate hopeful Rep. Katie Porter, D-Irvine, made her first Sacramento-area campaign stop Wednesday at UC Davis — what she called “a little slice of heaven” — in an hour-long meet-and-greet with the Davis College Democrats.
Salon · Mar 15, 2023 Warren bill: Repeal "Trump's bank law" Notably absent from the list of co-sponsors were Dems who helped Republicans usher the bill through Congress
Tribune News Service · Mar 15, 2023 Feds approve major railroad merger despite growing concerns over rail safety Federal regulators have approved the $31 billion merger of Kansas City Southern railroad with Canadian Pacific.
Roll Call · Mar 15, 2023 Lawmakers from both parties skeptical of legislation over SVB - Roll Call President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.
The Independent UK · Mar 15, 2023 How the last banking tumult fuels today's populist politics Mike Pence and Bernie Sanders are hardly political allies
Fortune · Mar 14, 2023 Elizabeth Warren is among the furious politicians demanding SVB execs return their salaries, bonuses, and $84 million in stock sale profits Sen. Elizabeth Warren says SVB execs should give back their salaries for “facilitating a near-economic disaster.”
Salon · Mar 14, 2023 Barney Frank got paid by Signature Bank Rep. Barney Frank pushed to water down Dodd-Frank law after getting $1 million from bank that collapsed
Salon · Mar 14, 2023 "Woke" billionaires, same as old ones Ignore GOP hype about the "liberal" tech industry — reckless, entitled libertarianism is what fuels Silicon Valley
Axios · Mar 13, 2023 Political blame game erupts over SVB failure Each side is seizing on the themes already animating their economic message heading into 2024.
Fortune · Mar 13, 2023 Elizabeth Warren knows exactly why Silicon Valley Bank failed—and who should pay SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.
Reason · Mar 13, 2023 How the Fed Broke Silicon Valley Bank The Fed's anti-inflation measures had to hurt someone.