Trading was intermittently halted on at least 20 regional banks as the velocity of money forced regulators to intervene on Wall Street.

By The Editorial Board –  wsj.com – March 13, 2023 Perhaps investors don’t believe the Administration’s Sunday interventions solve the problems. The Federal Deposit Insurance Corp. says it couldn’t find a private buyer for SVB, though a source tells us Treasury and the Federal Reserve favored one. FDIC Chairman Martin Gruenberg nixed it owing to hostility to bank mergers. Instead the...

The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg: Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system.

By: The Editorial Board – wsj.com – March 12, 2023 This is a de facto bailout of the banking system, even as regulators and Biden officials have been telling us that the economy is great and there was nothing to worry about. The unpleasant truth—which Washington will never admit—is that SVB’s failure is the bill coming due for years of monetary and...

The comments were Powell’s first since inflation unexpectedly jumped in January, and marked a stark acknowledgement that the “disinflationary process” he spoke of repeatedly in a Feb. 1 news conference was not unfolding smoothly.

Government imposes a million rules. Americans seem to want more! Leftists want new gun laws and bans on single-use plastics, gas stoves, fossil fuels, gas-powered cars, nuclear power.  

By: The Editorial Board – wsj.com – March 7, 2023 The White House in a fact sheet previewed a proposal for “extending Medicare solvency” in its budget outline for fiscal 2024, set for release Thursday. Mr. Biden says he’ll extend “the life of the Medicare Trust Fund by at least 25 years,” without “benefit cuts” while “lowering costs for Medicare...

Do Democrats think Portland isn’t screwed up enough and throwing free money at it will solve things?

Two Democratic senators voted with the GOP on a measure to roll back a Labor Department rule in what is set to force President Joe Biden’s first use of executive veto power.

President Joe Biden said this week that he would veto any attempt by Congress to protect Americans’ retirement savings from ending up tied to woke ESG — environmental and social governance — obsessed entities.