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March 21, 2023
What Elizabeth Warren, Larry Summers, and Paul Krugman All Got Wrong About SVB
It’s a war for the dollar—and the big banks. The rest of us better hold on tight.
James K. Galbraith
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March 21, 2023
Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account
With the Silicon Valley Bank collapse, the senator demands an independent investigation of the Fed, and says Powell should not continue as its chair.
John Nichols
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March 17, 2023
Democrats Face a Terrible Reckoning on Bank Bailouts
Barack Obama, Nancy Pelosi, Barney Frank, and a phalanx of senators are way too cozy with finance capital.
Jeet Heer
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March 17, 2023
A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity
With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.
Doug Henwood
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March 17, 2023
The Latest Banking Crisis Is Brought to You by the Federal Reserve
There’s a lot of blame to go around for the failure of the Silicon Valley Bank. But the Fed’s myopic attitude towards inflation bears much of the responsibility.
Sasha Abramsky
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March 16, 2023
Silicon Valley Bank Didn’t Fund Black Lives Matter
The lies peddled by Fox News are getting more and more blatant.
Joan Walsh
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March 14, 2023
Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing
The Silicon Valley Bank collapse doesn’t require a bailout. It requires stronger bank oversight and the repeal of the 2018 “economic growth” act.
John Nichols
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March 13, 2023
Silicon Valley Learns to Love Socialism for the Rich
The very people who eviscerated banking regulations now want to be shielded from the catastrophe they caused.
Jeet Heer
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February 21, 2023
The Absurd Specter of “Woke Communism”
Ironically, those decrying woke communism may be loony about “communism,” but they are unintentionally right that capitalism is indeed the problem.
Steve Fraser
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January 27, 2023
Why It’s Okay for Progressives to Enjoy Sam Bankman-Fried’s Downfall
The fallen plutocrat was also the chief financier of a counterrevolution inside the Democratic Party.
Jeet Heer