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Don Reed's avatar

Don Surber (03/15/23): "But what newspaper broke the SVB story? Signature Bank? Credit Suisse? Newspapers gave no advance warning of the collapse of the banking industry. Car [54] Wall Street Journal, where are you?"

Headline: "Silicon Valley Bank Collapse: Here’s Who Benefited From Their Executive, PAC Donations"*

Really, now. Can't we call these things what they really are --- personal (not bank) FDIC insurance premiums? Pay Chuck Schumer enough cash, and he'll insure all accounts regardless of size. And Janet Yellen will do as she's told. Or else.

And while we're at it, let's dispense with the fiction that SVB was a "bank."

It was a Political Action Committee making "donations" to Political Action Committees.

* https://resistthemainstream.com/heres-who-benefited-from-silicon-valley-bank-executive-pac-donations-before-collapse/?utm_source=newsletter2

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NotFromTexas's avatar

"Nice try, but Gannett eliminated no jobs. Its former readers did. While Benton blamed the company, he also had to admit that Sunday circulation fell 77% at Gannett’s 9 biggest newspapers between 2018 and 2022. Fewer readers, fewer reporters."

The market - free, or not - WILL win out. Paywalls are pointless, unless it's a columnist whose writing I REALLY want to read. If it's a news story, I can likely find a free account of it elsewhere - and if I can't, in a day or two, there will be one with more details somewhere NOT behind a paywall.

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