Treasury Secretary Janet Yellen's recently announced policy to safeguard all uninsured deposits at failing banks deemed to be a "systemic risk" to the U.S. economy would destroy smaller financial institutions while simultaneously bailing out C
Treasury Secretary Janet Yellen was caught flat-footed on Thursday during testimony before the Senate Finance Committee, after Sen. James Lankford (R-OK) grilled her over whether all deposits at Oklahoma community banks would now be fully insured lik
House Oversight and Reform Committee Chairman James Comer (R-Ky.) has subpoenaed Bank of America for the financial records of three of Hunter Biden's associates, which analysts see as opening "new avenues of investigation" into the "first fam
Despite a $30 billion deposit injection from the 'big banks' yesterday, First Republic Bank shares are tumbling once again this morning prompting many of the institutions involved to consider a purchase of the beleaguered bank.
Washington DC is abuzz with speculation over which Biden family member got a cut of a $3 million wire transfer to Hunter Biden associate John "Rob" Walker, just weeks after Joe Biden was no longer Vice President in 2017.
It seems like every day "clean energy" and/or "green energy" programs are becoming more controversial in the U.S. as well as worldwide. In fact, earlier this month the Biden administration was accused of prioritizing "climate change" goa
On June 14, 2022, Peter Schiff appeared on Ingraham Angle, and he said, "Thanks to the Federal Reserve, everybody has so much debt that we can't afford to pay an interest rate high enough to fight inflation.
In contrast to billionaire Bill Ackman's praise for the federal government's bailout of SVB depositors, Citadel founder Bill Griffin is not impressed, telling The FT that this action by US regulators shows American capitalism is "breaking down befo
• http://theeconomiccollapseblog.com by Michael Snyd
Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it certainly would not be the last.