No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse
Posted inBanking and Financial Institutions Conservatism (US Politics) Consumer Financial Protection Bureau Corporate Social Responsibility Environment Minorities Silicon Valley Bank United States Politics and Government

No, ‘Wokeness’ Did Not Cause Silicon Valley Bank’s Collapse

Blaming workplace diversity or environmentally and socially conscious investments for the firm’s downfall signals a “complete lack of understanding of how banks work,” one expert said.
How Washington Decided to Rescue Silicon Valley Bank
Posted inBanking and Financial Institutions Biden, Joseph R Jr Federal Deposit Insurance Corp Federal Reserve System National Economic Council (US) Powell, Jerome H Silicon Valley Bank Treasury Department United States Economy United States Politics and Government

How Washington Decided to Rescue Silicon Valley Bank

Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
Don’t Call It a Bailout: Washington Is Haunted by the 2008 Financial Crisis
Posted inBanking and Financial Institutions Bear Stearns Cos Biden, Joseph R Jr Bush, George W Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Emergency Economic Stabilization Act (2008) Federal Deposit Insurance Corp Federal Reserve System Lehman Brothers Holdings Inc Obama, Barack Regulation and Deregulation of Industry Stimulus (Economic) United States Economy United States Politics and Government

Don’t Call It a Bailout: Washington Is Haunted by the 2008 Financial Crisis

The colossal bailouts after the 2008 collapse arguably saved the global economy, but they also provoked a ferocious popular backlash.