More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.
Recent Items
Thursday, September 11, 2025
Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance
Topics: Banking industry, Currencies, Federal Reserve, Free markets and their discontents, OCC, Payment system, Regulations and regulators, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 9:55 am | 18 Comments »
Links 1/11/2023
Topics: Links
Posted by Yves Smith at 6:59 am | 184 Comments »
Italy and the EU Are on Collision Course as Economic Conditions Worsen
Brussels insists Italy must surrender more of its economic sovereignty in exchange for any assistance.
Topics: Energy markets, Europe, Guest Post, Politics
Posted by Conor Gallagher at 6:45 am | 12 Comments »
Militarized Japan and the Biden-Kishida Summit Signal Moment in the New Cold War
The US is pressing an (over) eager Japan to develop offensive capabilities, with an eye to a conflict with China.
Topics: China, Doomsday scenarios, Globalization, Guest Post, Japan, Politics
Posted by Yves Smith at 6:20 am | 37 Comments »
Atmospheric Rivers Over California’s Wildfire Burn Scars Raise Fears of Deadly Mudslides – This Is What Cascading Climate Disasters Look Like
An illustration of how different climate-change-induced or intensified problems can interact to do even more damage.
Topics: Doomsday scenarios, Environment, Global warming, Guest Post
Posted by Yves Smith at 6:15 am | 18 Comments »
2:00PM Water Cooler 1/10/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 93 Comments »
Textbooks Are Falling Behind on Climate Change
A new study found that most biology textbooks devote fewer sentences to climate change than they did before 2010.
Topics: Dubious statistics, Environment, Free markets and their discontents, Global warming, Guest Post, Social values
Posted by Yves Smith at 9:55 am | 24 Comments »
Links 1/10/2023
Topics: Links
Posted by Yves Smith at 6:59 am | 116 Comments »
The January 8 “Insurrection” in Brazil Could Be the Perfect Gift for Lula
The invasion of the capitol gives Lula the perfect justification for cleaning house, most importantly in the civil service, judiciary and military. It has also, however briefly, united the governments of Latin America against right-wing authoritarianism
Topics: Guest Post
Posted by Nick Corbishley at 6:52 am | 28 Comments »
Chasing Big European Corporate Miscreants Through New York Courts: An Update Via a Barclays Filing
A filing against Barclays presents quite the rap sheet, and also illustrates why it takes legal bloodymindeness to take on these miscreants.
Topics: Banking industry, Europe, Legal, Regulations and regulators
Posted by Yves Smith at 5:20 am | 4 Comments »
Washington Has Trouble Refilling the Strategic Petroleum Reserve After 220 Million Barrel Draw
Oopsie! Mr. Market is not cooperating with the Biden plan to replenish the Strategic Petroleum Reserve at prices better than $70 a barrel
Topics: China, Economic fundamentals, Energy markets, Guest Post, Politics
Posted by Yves Smith at 3:44 am | 18 Comments »
2:00PM Water Cooler 1/9/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 95 Comments »
50 Years After Allende at the UN: a Corporate Triumph Named Multistakeholderism
Allende was early to warn of multinational threats to product safety, labor regulations, and other protections. Sadly corporate interests won.
Topics: Banana republic, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Regulations and regulators
Posted by Yves Smith at 9:55 am | 15 Comments »
Sweden Won’t Meet Türkiye Demands to Win Its Vote on NATO Membership
Sweden reneged on its Türkiye NATO vote deal. This should be solvable except the West wants to punish Türkiye and Türkiye isn’t up for that.
Topics: Doomsday scenarios, Middle East, Politics, Russia, Turkey
Posted by Yves Smith at 6:20 am | 33 Comments »