Banking Troubles on the Horizon?

Source: Paul Craig Roberts.

I don’t understand the banking system well enough to know whether I should be worried about the recent bank runs. Still, the banking system produces and — presumably — maintains the economy’s medium of exchange. Should widespread bank failures occur they will affect everyone in many unpredictable ways.

The writer explains how the current troubles came to be. His solution — restore the Glass-Steagall and repeal the Dodd-Frank legislation* — is probably correct. Or so it seems to me.

*Revised for clarification, 3:30 p.m.

Resolved Issue?

https://tinyurl.com/52xprbjx

This is for those who want to believe that the legality of abortion is a settled isse and is not likely to affect politics going forward. It is also for those of you who think fundamental human rights are for the Legislatures to decide for each state. If you think that, you are endorsing the idea that a woman who takes a morning after pill can be put to death.

The uproar over government recommendations and Twitter pales in comparison.

https://wapo.st/3TaPaY8

“In the documents, Shah emerges less as Trump’s man-on-the-inside at Fox than as a bridge between the then-president’s world and the network, and a reliable translator of Trump’s base for Fox’s management.“

This is blatant censorship and control of the largest MSM empire by the government. And it ended in violence.

I would say “wake up, smell the coffee”, but that ship has sailed…and sunk. IMO

That Carlson, what a kidder…Chansley footage was last 4 minutes in Capitol.

https://www.politico.com/news/2023/03/12/qanon-shaman-jacob-chansley-footage-00086703?cid=apn

“The televised footage shows Chansley’s movements only from approximately 2:56 p.m. to 3:00 p.m,” prosecutors said in a 10-page court filing connected to the seditious conspiracy trial of five Proud Boys leaders, including Dominic Pezzola, who used a riot shield to initiate the breach of the Capitol.l

“Prior to that time, Chansley had, amongst other acts, breached a police line at 2:09 p.m. with the mob, entered the Capitol less than one minute behind Pezzola during the initial breach of the building, and faced off with members of the U.S. Capitol Police for more than thirty minutes in front of the Senate Chamber doors while elected officials, including the Vice President of the United States, were fleeing from the chamber,” they continued.”

“Chansley’s allies say the footage aired by Carlson might have changed the case against him. In Sunday’s filing, however, the Justice Department contended that it had shipped all but 10 seconds of the footage to Chansley’s attorney by Sept. 24, 2021 — about three weeks after Chansley pleaded guilty but more than a month before his sentencing.”

Oh those guys at FOX, they keep us smiling.