Page 2 - Keating Five News Today

California’s history of precipitating economic crisis is rooted in our need to get rich quick, a characteristic of our state since the Gold Rush.

Silicon Valley Bank's failure fits a very old pattern, rooted in our need to get rich quick, dating back to the Gold Rush

Our state’s history of precipitating economic crisis is rooted in our need to get rich quick, a characteristic of our state since the Gold Rush.

When California’s economy falters, the reverberations are felt across the globe. Commentator Joe Mathews says state banks are often the root of the problem.

The feds now say the bank’s wealthy shareholders will lose, but not the wealthy depositors. Currently, deposits are insured by the FDIC up to US$250,000. But 97% of Signature’s deposits were for more than that amount.

Future House Majority Whip Tom Emmer has interfered with investigations of crypto firms such as FTX.

The crypto industry contributed to both parties and got what it wanted. With no partisan benefit, will anyone in Congress complain?

Soto joined a bipartisan group of eight U.S. House members in signing the letter addressed to the chair of the Securities and Exchange Commission.

The architecture of “winner take all” elections magnifies the pernicious effects of privately-financed campaigns

>> how much is your debenture? >> you really want to know? it was $30,000 and for us, that was quite a bit. >> capitalize on this, the bond salesmen were told. the weak, meek, and ignorant are always good targets. >> the regulators were looking at this and saying, this guy is a disaster, man, we have got to stop this. but by that time, keating had a construction company in arizona. he had thrifts in california. his tentacles spread out to several states. so he was able to call on congressmen and...