Page 5 - Assets Relief Program News Today

PENCE: Biden says taxpayers wont pay for the bailout, but that is disingenuous - every American with a bank account will pay higher fees to replenish the billions spent by the FDIC.

The federal government’s decision to make depositors at Silicon Valley Bank whole after its sudden collapse has raised questions about whether the intervention constituted a bailout.

Fear trickled through the bank sector following the collapse of Silicon Valley Bank and Signature Bank last week, prompting major federal intervention over the weekend.

The Orso Partners founder was up 70 percent last year after calling the tech crash — and he’s got his eye on private equity.

Three cheers for House Republican Leader John Boehner (R-OH) who gave the closing speech against ObamaCare on the House floor on March 21st. It was Boehner’s finest hour as a member of Congress. He showed courage by sticking his neck out to protect all Americans. Still, Congress went ahead and passed a health care monstrosity.

Last week, the Treasury Department announced the direct purchase of equity stakes in U.S. banks in order to increase the capital levels of those institutions. While it is a potentially effective step,the action is also a dangerous one.

In 2022, we saw steep drops in the U.S. stock market, comparable to the bursting of the dot-com bubble of 2000-01 and the crash set off by the global financial crisis of 2007-09....

End the bailouts and Protect Capitalism Politicians are apoplectic that American International Group (AIG) executives received $165 million in bonuses. AIG's Financial Products unit engaged in credit-default swaps that put the insurance giant on the verge of insolvency before the feds bailed them out. Politicians are steamrolling forward with an initiative to tax their bonuses. Conservatives are outraged by the bonuses, but know that bonuses aren't the problem -- the bailouts are.

Joe Santos, Ph.D., is director of and Professor of Economics in the Ness School of Management and Economics at South Dakota State. Ahead of an event at SDSU tomorrow evening, he talks with Neel Kashkari about the economy and how it relates to the Federal Reserve. Joe joins us with more.