Icelanders are electing a new parliament Saturday after disagreements over immigration, energy policy and the economy forced Prime Minister Bjarni Benediktsson to pull the plug on his coalition government and call an early election.
Chinese officials signaled that a bailout for the property sector could be imminent as banks face a $4 trillion mountain of bad loans.
Big Blue Banking and the Democrats plan to stay woke. If and when they go broke, they will bail themselves out with other people’s money. That’s how the rich stay rich and get richer.
As of March 15, the level of borrowings from the Federal Reserve’s liquidity and credit facilities had risen nearly 2,000 percent from the prior week.
Former Rep. Barney Frank (D-MA) is at the center of another financial crisis — this time on the board of now-defunct Signature Bank, which was closed by New York State and taken over by federal authorities on Sunday.
Silicon Valley essentially put the cost of ordinary corporate treasury prudence onto the banking system and got rewarded for it when the government broke its own rules and agreed to back even the largest deposits at Silicon Valley Bank.
Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.
Before joining the Silicon Valley Bank as the Chief Administrative Officer (CAO) in 2007, Joseph Gentile served as the Chief Financial Officer (CFO) at Lehman Brothers’ Global Investment Bank before the public collapse in 2008.
Authorities in the UK are considering a possible bailout for tech firms after the collapse of the UK branch of the Silicon Valley Bank.
The head of Tesco has warned that people in the UK are facing “real food poverty for the first time in a generation”.
Chinese state media once again floated the prospect of international lawsuits against the United States for supposedly being responsible for the HIV/AIDS epidemic in a column Thursday, adding the 2008 financial crisis and the 1918 Spanish Flu pandemic to the list.
Christopher DeMuth of the Hudson Institute argues in the Wall Street Journal this weekend that President Donald Trump has made history by decentralizing power during a crisis, unlike his predecessors, who used crisis to build a bigger government.
Presidential rivals Sen. Barack Obama (D-IL) and Sen. John McCain (R-AZ) put politics aside and offered their support to President George W. Bush during the 2008 financial crisis. In contrast, 2020 candidates Sen. Bernie Sanders (I-VT) and former Vice President Joe Biden have used the coronavirus to trash President Donald Trump.
Credit rating agency Moody’s has warned that European nations are ill prepared for another financial crisis and that should one occur they predict a significant rise in support for anti-establishment populist parties.
As we remember the tenth anniversary of the 2008 banking crash which led to the Great Recession, let us not neglect to give credit to the man who, almost more than anyone, made the disaster possible.
President Donald Trump signed a bill on Thursday that would unravel the “Dodd-Frank disaster,” eliminating onerous regulations on community banks.
John McCain now wishes he had not chosen Sarah Palin as his 2008 presidential running mate. That is a shame because on top of his military career, choosing Palin was the greatest service McCain ever performed for his country.
New studies are challenging the widely accepted idea that prescription drug abuse and economic despair are driving the epidemic of opioid drug abuse.
Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.
On Breitbart News Sunday with SiriusXM hosts Joel Pollak and Rebecca Mansour, Breitbart News Executive Chairman Steve Bannon was sharply critical of the Bush family, referring to them as “the last Whigs” because “the Republican Party that they talked about is essentially over.”
The media’s framing for former President Barack Obama’s first 100 days began with the premise that his very presence in the White House was “historic.” Obama was praised for aggressively pursuing a bold policy agenda and reversing the policies of his predecessor.
Breitbart News Senior Editor-at-Large Peter Schweizer, president of the Government Accountability Institute and author of the best-selling book Clinton Cash, appeared on Thursday’s Breitbart News Daily to give a status report on President Trump’s efforts to “drain the swamp” of Washington corruption.
The highlight of Treasury Secretary Steven Mnuchin’s confirmation hearing so far was his rousing defense of community banks against overbearing federal regulations. “Regulation is killing community banks,” he declared, and if the process is not reversed, we could “end up
Jeff Spross writes in The Week that Donald Trump’s new chief strategist Steve Bannon is an “anti-Wall Street populist” who correctly articulated the public’s anger at the 2008 financial crash and subsequent Wall Street bank bailouts. “Trump effectively rode that anger all the way to the White House,” Spross writes.
Jeff Cox writes at CNBC.com that a speech delivered in 2014 by Donald Trump’s chief strategist Steve Bannon offers a glimpse into how the new Trump administration may approach Wall Street bailouts and financial reform.
Chinese real estate billionaire Wang Jianlin told CNN Money on Thursday that his country’s real estate market has become the “biggest bubble in history.”
Authors Larry Kudlow and Brian Domitrovic joined SiriusXM host Alex Marlow on Friday’s Breitbart News Daily to talk about their new book, JFK and the Reagan Revolution: A Secret History of American Prosperity.
The Iraqi parliament in Baghdad is expected to convene for the first time in three months amid deadly attacks that continue to plague the Iraqi capital.
Financial analyst and Fox News contributor Gary Kaltbaum was not impressed with Federal Reserve chairwoman Janet Yellen’s congressional testimony this week.
Many Americans may not know her name, but Gary Kaltbaum appeared on Breitbart News Thursday to explain why Federal Reserve chairwoman Janet Yellen is the most important woman in our lives.
As investor sentiment plunges across the world, President François Hollande of France has unveiled an economic plan to deal with what he describes as his country’s “state of economic emergency”. Setting out a new €2 billion (£1.5 billion) job creation plan
President Barack Obama is bringing the subprime-mortgage crisis back, fueled by the progressives’ political urge to treat borrowed money loans as a “right” that everyone is “entitled,” and by the willingness to dismiss mathematical probability as a racist conspiracy.
Debt is a fantastic way to control people, because politicians can offer to relieve portions of that debt in exchange for votes. The political battlespace has been well-prepared by teaching citizens to hate the banks that loan them money to fulfill their ambitions and satisfy their desires.
