Prospect

Claiming that a failure to guarantee all Silicon Valley Bank deposits would hurt ‘mom-and-pop’ businesses, Sacks then chose the worst possible example.

Today on Tap: President Biden’s NIH rejects a petition to seize the patent of an unaffordable prescription drug.

The Cabinet agency is presenting best practices for eliminating or limiting the worst overcharges.

The corporate-funded nonprofit organizations can shield corporations from the consequences of worker abuse.

Today on TAP: Many liberal publications supported invading Iraq. We didn’t.

Auditors are supposed to be the first line of defense against corporate fraud. Where were they before the SVB collapse?

Supervisors are trying to claim that they warned the bank about its riskiness. But the central bank willingly weakened its supervisory operation.

High interest rates only worsen the shortage of affordable housing, but the cure lies far beyond the realm of monetary policy.

In France, Israel, and just maybe, here, assaults on social rights by flawed governmental structures create the need for government-by-protest.

Does the plea bargain by Carrie Tolstedt, who led Wells’s corrupt fleecing of customers, suggest a belated criminal crackdown on corporate crooks?

Try, try again. Here’s the epic saga the Biden administration wants to add to.

Get rich by getting the rubes mad.

Today on TAP: A prime casualty of the crisis set off by the failure of Silicon Valley Bank could be Fed Chair Jay Powell—all too appropriately, and none too soon.

When banks are too big to fail, their capacity for stupid behavior is greatly increased.

Michigan is one step closer to repealing right to work; why the end of two-tier wages at Caterpillar shows corporate America’s immense power over workers.

The Fed chair resisted mentioning supervision, regulation, or accountability after the collapse of Silicon Valley Bank. His resistance delayed the announcement.

Today on TAP: Facing legislative defeat, France’s president raises the nation’s retirement age all by his lonesome.

Ramenda Cyrus and Robert Kuttner discuss how to maintain hope and effort during dark times.

According to a whistleblower complaint, Canadian Pacific and Kansas City Southern held talks and shared sensitive information prior to their merger approval. That would be illegal.

Rep. Ro Khanna, who stumped aggressively for a depositor bailout at Silicon Valley Bank, now will solicit funds with David Sacks, one of the loudest supporters of that policy.