Financial Crisis

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Just why the oversight failed remained a hot question among banking experts, with some focusing on the weakness of US rules. (Photo by REBECCA NOBLE / AFP) (Photo by REBECCA NOBLE/AFP via Getty Images)

A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity 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.

Mar 17, 2023 / Doug Henwood

Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing

Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing 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.

Mar 14, 2023 / John Nichols

Greg Becker, President and CEO of Silicon Valley Bank, speaks during the Milken Institute Global Conference on May 3, 2022.

Silicon Valley Learns to Love Socialism for the Rich 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.

Mar 13, 2023 / Jeet Heer

Children working as miners in Pennsylvania.

The Horrifying and Shameful Return of Child Labor The Horrifying and Shameful Return of Child Labor

Bipartisan buck-passing and a ramshackle immigration system have revived Victorian degradation.

Mar 10, 2023 / Jeet Heer

Nasty, Brutish, and Short—Chicago-Style

Nasty, Brutish, and Short—Chicago-Style Nasty, Brutish, and Short—Chicago-Style

Lori Lightfoot’s tenure as the city's mayor could be coming to its natural end.

Feb 17, 2023 / J. Duncan Moore Jr.

Sarah Huckabee Sanders, You’re No Jack Kennedy

Sarah Huckabee Sanders, You’re No Jack Kennedy Sarah Huckabee Sanders, You’re No Jack Kennedy

Trying to evoke a lost Cold War consensus, the GOP’s rising star conflated “normal” with “crazy.”

Feb 10, 2023 / Jeet Heer

Josh Hawley holding pencil in front of microphone

The GOP’s Phony Class War The GOP’s Phony Class War

Racist resentment plus plutocratic economics don’t equal a “working-class party.”

Feb 3, 2023 / Jeet Heer

Britain’s Winter of Discontent

Britain’s Winter of Discontent Britain’s Winter of Discontent

If unions here are weaker and smaller than in Margaret Thatcher’s day, their strikes are also far more popular.

Jan 31, 2023 / Gary Younge

Argentina World Cup celebration

Argentina’s World Cup Hangover Argentina’s World Cup Hangover

After its thrilling victory on the world stage, the nation of Maradona and Messi gazes into the political abyss.

Jan 11, 2023 / Jacob Sugarman

Conservative Jews Made a Terrible Bargain With Trump and the Right Over Israel

Conservative Jews Made a Terrible Bargain With Trump and the Right Over Israel Conservative Jews Made a Terrible Bargain With Trump and the Right Over Israel

American Jewish leaders have spent so long genuflecting before the Christian right that even the most blatant anti-Semitism finds them unable to stand up or speak out.

Dec 21, 2022 / Eric Alterman

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