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For my latest, I dove into the nature of the debt ceiling and showed where key political figures like Speaker McCarthy and Senator Sanders (among many others) get it wrong. The full piece won't be live on Real Progressives (website) until tomorrow, so please enjoy this excerpt from my upcoming article!
#debt #DebtLimit #DebtDefault #DebtCeiling #DebtCeilingDeadline #Deficit #mccarthysdefault #Biden #Sanders #FederalReserve #USTreasury

#debt #debtlimit #debtdefault #debtceiling #debtceilingdeadline #deficit #mccarthysdefault #biden #sanders #FederalReserve #ustreasury

Last updated 2 years ago

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EURACTIV Italia · @euractiv

88 followers · 1652 posts · Server sociale.network

La BCE segue la FED e alza i tassi di interesse dello 0,25% https://euractiv.it/section/all/news/la-bce-segue-la-fed-e-alza-i-tassi-di-interesse-dello-025/?utm_source=dlvr.it&utm_medium=mastodon #Bancacentraleeuropea #ChristineLagarde #FederalReserve

#BancaCentraleEuropea #christinelagarde #FederalReserve

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beSpacific · @bespacific

830 followers · 1543 posts · Server newsie.social

#GAO Report, BANK REGULATION #PreliminaryReview of #AgencyActions Related to March 2023 #BankFailures https://www.gao.gov/assets/gao-23-106736.pdf #SVB #FinancialStability #FinancialSystem #RegulatoryStandards #regulatoryfailures #banking #FederalReserve

#gao #preliminaryreview #agencyactions #bankfailures #svb #financialstability #financialsystem #regulatorystandards #regulatoryfailures #banking #FederalReserve

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beSpacific · @bespacific

830 followers · 1535 posts · Server newsie.social

#Review of the #FederalReserve’s
#Supervision and #Regulation
of #SiliconValleyBank April 2023. This report examines the factors that contributed to the failure of #SVB. The report
focuses on the role of the Federal Reserve, which was the #primary federal supervisor for the bank
and the #bankholdingcompany. https://proxy.metager.de/www.federalreserve.gov/publications/review-of-the-federal-reserves-supervision-and-regulation-of-silicon-valley-bank.htm?url=https%3A%2F%2Fwww.federalreserve.gov%2Fpublications%2Freview-of-the-federal-reserves-supervision-and-regulation-of-silicon-valley-bank.htm&password=4c478fa47f8072cc2c1aa8246a412ef1ebbd08af7f8445297f4a7222aeaf2a86 #FinancialSystem #FinancialStability #banking #banksupervision #regulatoryfailures

#review #FederalReserve #supervision #regulation #siliconvalleybank #svb #primary #bankholdingcompany #financialsystem #financialstability #banking #banksupervision #regulatoryfailures

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beSpacific · @bespacific

900 followers · 1493 posts · Server newsie.social

#SocialMedia as a #BankRun #Catalyst (April 18, 2023). SSRN: https://ssrn.com/abstract=4422754 or http://dx.doi.org/10.2139/ssrn.4422754
#Socialmedia #fueled a #bankrun on #SiliconValle Bank #SVB, and the effects were felt broadly in the U.S. #bankingindustry. We employ comprehensive #Twitter #data to show that preexisting #exposure to #socialmedia predicts #bank #stockmarket #losses in the run period even after controlling for bank characteristics related to #runrisk.#FDIC #FederalReserve #banking #FinancialStability

#socialmedia #bankrun #catalyst #fueled #siliconvalle #svb #bankingindustry #twitter #data #exposure #bank #stockmarket #losses #runrisk #fdic #FederalReserve #banking #financialstability

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Political IQ · @PoliticalIQ

94 followers · 764 posts · Server newsie.social

#Biden to Call for New #Banking Regulations in Wake of #SVBCollapse https://politicaliq.com/2023/03/29/biden-to-call-for-new-banking-regulations-in-wake-of-svb-collapse/ #bankingcollapse #SiliconValleyBank #SignatureBank #FederalReserve #Congress #politicaliq #news #politics

#biden #banking #svbcollapse #bankingcollapse #siliconvalleybank #signaturebank #FederalReserve #congress #politicaliq #News #politics

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beSpacific · @bespacific

781 followers · 1262 posts · Server newsie.social

The Death of #DoddFrank: #BankingLaw's #Dobbs #Moment - #FinancialInstitutions #SystemicRisk #FinancialStability #LegalResearch #legisation #regulations #PrudentialBanking #economy #FederalReserve #Fed #SVB https://www.creditslips.org/creditslips/2023/03/the-death-of-dodd-frank-banking-laws-dobbs-moment.html

#doddfrank #bankinglaw #Dobbs #moment #financialinstitutions #systemicrisk #financialstability #legalresearch #legisation #regulations #prudentialbanking #economy #FederalReserve #fed #svb

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beSpacific · @bespacific

767 followers · 1240 posts · Server newsie.social

Reuters - Exclusive: Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill

And away we go, again (#DoddFrank is dead long live Dodd Frank II)- "Two senators have proposed creating an #independent #watchdog to monitor the #FederalReserve. Senators #RickScott (R-FL) and #ElizabethWarren (D-MA) argue that the recent #collapse of #SiliconValleyBank (#SVB) and Signature Bank was caused by #RegulatoryFailures at the #Fed, and claim that establishing an independent #InspectorGeneral would help to prevent future #BankFailures. https://www.reuters.com/markets/us/republican-us-senator-rick-scott-democrat-warren-unveil-fed-oversight-bill-2023-03-22/ #FinancialStability

#doddfrank #independent #watchdog #FederalReserve #rickscott #elizabethwarren #collapse #siliconvalleybank #svb #regulatoryfailures #fed #inspectorgeneral #bankfailures #financialstability

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Political IQ · @PoliticalIQ

91 followers · 719 posts · Server newsie.social

#FederalReserve Raises #InterestRates Another Quarter Point https://politicaliq.com/2023/03/22/federal-reserve-raises-interest-rates-another-quarter-point/ #JeromePowell #Banks #Inflation #SiliconValleyBank #SignatureBank #JanetYellen #politicaliq #news #politics

#FederalReserve #interestrates #jeromepowell #banks #inflation #siliconvalleybank #signaturebank #janetyellen #politicaliq #News #politics

Last updated 2 years ago

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beSpacific · @bespacific

753 followers · 1224 posts · Server newsie.social

#ElizabethWarren Is Right: #JeromePowell Must Go
The senator is demanding that the #Fed chair step down after the #SiliconValleyBank #debacle. She’s right to do so. https://proxy.metager.de/www.thenation.com/article/politics/elizabeth-warren-jerome-powell-fed #FinanicalCrisis #SystemicRisk #FDIC #FinancialStability #FederalReserve https://proxy.metager.de/www.thenation.com/article/politics/elizabeth-warren-jerome-powell-fed?

#elizabethwarren #jeromepowell #fed #siliconvalleybank #debacle #finanicalcrisis #systemicrisk #fdic #financialstability #FederalReserve

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BeachwoodReport · @beachwoodreport

300 followers · 1491 posts · Server newsie.social

'There's nothing special about the Fed's target inflation rate; some accounts suggest the figue comes from a New Zealand TV interview in the '80s.'

But the media regurgitates what the Fed says as if it's coming down from the mountain on tablets.

#Journalism #Economics #DismalScience #FederalReserve

-

Two Percent Is Just A Number

https://revolvingdoorproject.substack.com/p/two-percent-is-just-a-number?utm_source=post-email-title&publication_id=3976&post_id=109043582&isFreemail=true&utm_medium=email

#Journalism #economics #dismalscience #FederalReserve

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David Chance · @DavidChance

341 followers · 415 posts · Server econtwitter.net

Very good explanation for non specialists on SVB collapse https://finance.yahoo.com/news/economist-won-nobel-bank-runs-160025143.html #svb #FederalReserve

#svb #FederalReserve

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beSpacific · @bespacific

741 followers · 1188 posts · Server newsie.social

U.S. #banks #borrowed a combined $164.8B in recent weeks from the #FederalReserve #Fed #backstop facilities. The move signals that the banking sector faces strain after #FederalRegulators were forced to seize #SiliconValleyBank and #SignatureBank last week. https://www.bloomberg.com/news/articles/2023-03-16/banks-rush-to-backstop-liquidity-borrow-164-8-billion-from-fed #FinancialCrisis #FinancialStability #banking #regulations #SystemicRisk

#banks #borrowed #FederalReserve #fed #backstop #federalregulators #siliconvalleybank #signaturebank #financialcrisis #financialstability #banking #regulations #systemicrisk

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Ryan C. Smith, PhD · @rcsmith

24 followers · 57 posts · Server econtwitter.net

Reuters - Analysis: U.S. bank loan plan provides Fed rate hike path amid SVB fallout

This sounds like a plan where key elements are working at cross-purposes. Raising interest rates while extending loans as liquidity relief sounds like a great way to saddle up a lot of institutions with increasingly expensive debt.

Can anyone at @econhist think of another example of similar economic policies and how they turned out?
#econtwitter
#economics
#finance
#FederalReserve
https://www.reuters.com/markets/us/us-bank-loan-plan-provides-fed-rate-hike-path-amid-svb-fallout-2023-03-14/

#econtwitter #economics #finance #FederalReserve

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mohansus · @mohansus

194 followers · 126 posts · Server newsie.social

My take on the "unreality" of the ongoing live reality tv show of the "implosion" of Silicon Valley Bank and Credit Suisse, along with ruminations on the Global Financial System.

#svb #svbcollapse #siliconvalleybank
#creditsuisse #globalfinance #globaleconomy #pandemic #covid #putin
#biden #xi #federalreserve #powell #centralbank #bank

https://rammohansusarla.in/2023/03/16/the-global-financial-system-is-going-down-a-rabbit-hole-of-weird-unreality-and-extreme-volatility/

#svb #svbcollapse #siliconvalleybank #creditsuisse #globalfinance #globaleconomy #pandemic #covid #putin #biden #Xi #FederalReserve #powell #centralbank #bank

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David Chance · @DavidChance

341 followers · 410 posts · Server econtwitter.net

Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs? by Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, Amit Seru :: SSRN

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4387676 #svb #FederalReserve #FDIC

#svb #FederalReserve #fdic

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