Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account Elizabeth Warren Is Right: Jerome Powell Should Be Held to Account
With the Silicon Valley Bank collapse, the senator demands an independent investigation of the Fed, and says Powell should not continue as its chair.
Mar 21, 2023 / John Nichols
Democrats Face a Terrible Reckoning on Bank Bailouts Democrats Face a Terrible Reckoning on Bank Bailouts
Barack Obama, Nancy Pelosi, Barney Frank, and a phalanx of senators are way too cozy with finance capital.
Mar 17, 2023 / Jeet Heer
A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity
With the banking system sitting on $620 billion in paper (unrealized) losses, this saga may be far from over.
Mar 17, 2023 / Doug Henwood
The Latest Banking Crisis Is Brought to You by the Federal Reserve The Latest Banking Crisis Is Brought to You by the Federal Reserve
There’s a lot of blame to go around for the failure of the Silicon Valley Bank. But the Fed’s myopic attitude towards inflation bears much of the responsibility.
Mar 17, 2023 / Sasha Abramsky
Silicon Valley Bank Didn’t Fund Black Lives Matter Silicon Valley Bank Didn’t Fund Black Lives Matter
The lies peddled by Fox News are getting more and more blatant.
Mar 16, 2023 / Joan Walsh
Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing
The Silicon Valley Bank collapse doesn’t require a bailout. It requires stronger bank oversight and the repeal of the 2018 “economic growth” act.
Mar 14, 2023 / John Nichols
Silicon Valley Learns to Love Socialism for the Rich Silicon Valley Learns to Love Socialism for the Rich
The very people who eviscerated banking regulations now want to be shielded from the catastrophe they caused.
Mar 13, 2023 / Jeet Heer
The Absurd Specter of “Woke Communism” The Absurd Specter of “Woke Communism”
Ironically, those decrying woke communism may be loony about “communism,” but they are unintentionally right that capitalism is indeed the problem.
Feb 21, 2023 / Steve Fraser
Why It’s Okay for Progressives to Enjoy Sam Bankman-Fried’s Downfall Why It’s Okay for Progressives to Enjoy Sam Bankman-Fried’s Downfall
The fallen plutocrat was also the chief financier of a counterrevolution inside the Democratic Party.
Poor People Have the Power to Transform America Poor People Have the Power to Transform America
As the threat of yet more political turmoil and escalating violence looms, isn’t it time to break through the isolation with a new sense of collective power?
Dec 26, 2022 / Rev. Dr. Liz Theoharis