Tag: PBS

Two Fed-Supervised Banks Blew Up Last Week; Two More Dropped Over 40 Percent Yesterday; and the Fed Wants to Investigate Itself — Again

Tina Marie (Ms. Cat)

Two Fed-Supervised Banks Blew Up Last Week; Two More Dropped Over 40 Percent Yesterday; and the Fed Wants to Investigate Itself — Again

Last Friday, California state regulators closed Silicon Valley Bank and the Federal Deposit Insurance Corporation (FDIC) became the receiver. Its stock price had lost over 80 percent of its market value over the prior year; $150 billion of its $175 billion in deposits were uninsured, either because they exceeded the $250,000 FDIC cap and/or they were foreign deposits. The bank was effectively operating as a Wall Street IPO pipeline in drag as a federally-insured bank. The Federal Home Loan Bank of San Francisco had quietly been bailing it out – to the tune of $15 billion. Oh – and by the way – its primary regulator was the Federal Reserve Bank of San Francisco. And while all of this hubris was occurring, the CEO of Silicon Valley Bank, Gregory Becker, was sitting on the Board of Directors of his regulator, the Federal Reserve Bank of San Francisco.

…

Oh, and by the way, the Fed member banks in each of the 12 Federal Reserve Districts that can choose to be regulated by the Fed, literally own their regulator. That’s right, they own the stock in their regional Fed bank, which is a private institution, unlike the Federal Reserve in Washington, D.C. which is an “independent” federal agency. (See, for example, These Are the Banks that Own the New York Fed and Its Money Button.)

…

Adding to the ongoing arrogance of the Fed, its Chairman, Jerome Powell, released a statement two minutes after the market closed yesterday, stating that “The events surrounding Silicon Valley Bank demand a thorough, transparent, and swift review…” So, once again, it’s decided to investigate itself. The Fed’s Vice Chairman for Supervision, Michael Barr, will oversee the investigation.

CIA director holds secret meeting with Zelensky on Russia’s next steps

Tina Marie (Ms. Cat)

CIA Director William J. Burns traveled in secret to Ukraine’s capital at the end of last week to brief President Volodymyr Zelensky on his expectations for what Russia is planning militarily in the coming weeks and months, said a U.S. official and other people familiar with the visit.

CIA director holds secret meeting with Zelensky on Russia’s next steps

Related:

Nyet means Nyet

Ukraine and Georgia’s NATO aspirations not only touch a raw nerve in Russia, they engender serious concerns about the consequences for stability in the region. Not only does Russia perceive encirclement, and efforts to undermine Russia’s influence in the region, but it also fears unpredictable and uncontrolled consequences which would seriously affect Russian security interests. Experts tell us that Russia is particularly worried that the strong divisions in Ukraine over NATO membership, with much of the ethnic-Russian community against membership, could lead to a
major split, involving violence or at worst, civil war. In that eventuality, Russia would have to decide whether to intervene; a decision Russia does not want to have to face.

Archived Links Inside WaPo Article:

Read More »

NPR is Not Your Friend

Tina Marie (Ms. Cat)

NPR is a problem. Good and proper leftists who read Current Affairs may already realize this. “Of course. NPR (Neoliberal Propaganda Radio) is a bastion of establishment groupthink and orthodoxy that gives cover to imperialism and corporate capitalism.” By contrast, readers on the Right who find themselves consuming Current Affairs may have an equally disdainful but entirely different critique. “Of course. NPR is an elitist liberal propaganda cult that serves as a mouthpiece for the Democratic Party, is openly hostile to any conservative voices, and ought to be defunded!”

NPR is Not Your Friend

Brazil: More Fascism and Neocolonialism or a Path Back to Self-Determination?

Tina Marie (Ms. Cat)

By Danny Shaw,

(The author has changed certain names and details to protect individuals’ privacy.)

When you arrive in another country, there is nothing more precious than new friends who adopt you, protect you, and teach you about their language, music, culture, and traditions. For an open-minded traveler, ethnographer and anti-imperialist organizer, this new family is more valuable than any air-conditioned hotel, amount of comfort or money.

Brazil: More Fascism and Neocolonialism or a Path Back to Self-Determination?

During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful (and nothing will change with Biden)

Tina Marie (Ms. Cat)1 Comment

Last Thursday evening, Justice Department Attorney General, Merrick Garland, held a brief press conference to announce that he had asked a federal court to unseal the search warrant and inventory receipts filed in connection with the FBI’s search of Donald Trump’s Palm Beach oceanfront home and beach resort, Mar-a- Lago. As part of his statement to the press, Garland said this:

“Faithful adherence to the rule of law is the bedrock principle of the Justice Department and of our democracy. Upholding the rule of law means applying the rule of law evenly, without fear or favor.”

During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful

Related:

Vowing Not to ‘Demonize’ the Rich, Biden Tells Billionaires ‘Nothing Would Fundamentally Change’ If He Was Elected

“No one’s standard of living will change,” said Biden. “Nothing would fundamentally change.”

Did the Syrian Revolution Have Popular Support?

Tina Marie (Ms. Cat)

by William Van Wagenen | Aug 3, 2022

In the mainstream view, the armed groups fighting the Syrian government since 2011, collectively known as the Free Syrian Army (FSA), were part of a Syrian revolution that represented the Syrian people. At the same time, the Syrian government, or Assad regime, allegedly represented only a small number of loyalists, in particular from President Assad’s minority Alawite community. Such a view undergirded demands by Western and Gulf-funded think tank scholars, who claimed that the Syrian people wished for FSA groups to be armed, and even for Western military intervention on behalf of the FSA, whose fighters they sympathetically described as rebels.

Did the Syrian Revolution Have Popular Support?