Journal Editorial Report:The week's best and worst from Kim Strassel, Bill McGurn, Joe Sternberg and Dan Henninger. Images: AP/Zuma Press/Reuters Composite: Mark KellyWhen liberals look back on the Biden presidency, they may hail its greatest accomplishment as ushering in a new era of corporate government dependency.
The latest example is the banking panic. The 2010 Dodd-Frank Act provided an implicit taxpayer guarantee for the country’s largest banks. With Silicon Valley Bank’s collapse, midsize banks are now arguing they’re also too big to fail and the Federal Deposit Insurance Corp. to guarantee all uninsured deposits for two years to prevent more bank failures. In other words, they want the government to backstop poorly managed banks.
opinion The GOP no longer has a plan or any moral compass since they are TOTALLY owned by big money.
opinion Amen!!!
opinion fascism
opinion When you get a loan from an organized crime syndicate you better be ready to hear some unpleasant requirements shortly thereafter.
opinion Oh? Good.
opinion Oh wow, we just can't thank the Biden administration enough for all they've done to help struggling businesses! We especially appreciate the conditions they've put in place to keep taxpayers and consumers on the hook. generosityoverload
opinion That rich seeing how Jared kushner and family received an eight hundred million dollar federal loan pre covid, let's talk about corporate farm bailouts for failed trade agreements or Marjorie Taylor Greene Qannon Queen and mat gaetz insurrectionists received PPP loans
opinion Hmm, isn't that: 'Fascism'? Public-private partnerships to push partisan, radical political goals?