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☆ SVB is the first social media bank run in history. The crisis will change the banking industry forever.
  + stars: | 2023-03-14 | by ( Kali Hays | ) www.businessinsider.com   time to read: +7 min
It's an all out bank run," founder Howard Lerman tweeted on Thursday when SVB was trying to raise new capital. "The thing about a bank run is that there's no upside to keeping your money in the at-risk bank," wrote Xavier Helgesen of Enduring Ventures the same day. Another deleted tweet says, "As one of probably the few founders to go through a modern bank run, get your money out now. Some tech types who banked with SVB have even deleted tweets they put out in support of the bank. 'MONDAY, BLOODY MONDAY'Meanwhile, Jason Calcanis and David Sacks, tech founders turned investors, have been tweeting about little but SVB since Thursday.
☆ Sean Hannity and Laura Ingraham privately called Rudy Giuliani 'an insane person' and an 'idiot'
  + stars: | 2023-02-17 | by ( Sonam Sheth | ) www.businessinsider.com   time to read: +4 min
Top Fox News commentators skewered Rudy Giuliani in private text messages after the 2020 election. Laura Ingraham called him an "idiot" and Sean Hannity said he and his allies were "f'ing lunatics." Chief among them was former New York City mayor Rudy Giuliani, who spearheaded President Donald Trump's effort to overturn the results of the election. In one text, sent on November 11, 2020, Hannity wrote that "Rudy is acting like an insane person." He's in the midst of bar disciplinary proceedings and is in danger of losing his law license because of his false claims about the 2020 election.
☆ Pioneering U.S. television journalist Barbara Walters dead at 93
  + stars: | 2022-12-31 | by ( Bill Trott | ) www.reuters.com   time to read: +6 min
[1/2] Television personality Barbara Walters arrives for the premiere of the film "Wall Street: Money Never Sleeps" in New York September 20, 2010. "I asked Yeltsin if he drank too much, and I asked Putin if he killed anybody," Walters told the New York Times in 2013. "These two men were really quite brutal to me and it was not pleasant," Walters told the San Francisco Examiner. The New York Times called her "arguably America's best-known television personality" but also observed that "what we remember most about a Barbara Walters interview is Barbara Walters." Walters' three marriages - to businessman Robert Katz, theatrical producer Lee Guber and television executive Merv Adelson - ended in divorce.
☆ The Michigan lawyer pushing Trump’s voter-fraud fictions in U.S. court
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +27 min
Lambert started in her home state of Michigan, joining four lawsuits on behalf of Trump supporters. As Trump zeroed in on vote-rigging allegations in Michigan, Lambert emailed the White House, according to her July 2021 video interview with two right-wing websites. Cotton and Penrose also were involved in examining breached voting machines in Michigan for DePerno and Lambert, according to the Michigan attorney general investigation. In the process, the commissioners were accused of flouting a court order by allowing a forensics company to inspect county voting equipment. In August 2021, a federal judge reprimanded Lambert, Powell and seven other lawyers who joined the failed lawsuit seeking to overturn Michigan’s vote after Trump’s 2020 defeat.
☆ Regular homebuyers feel they struggle to compete with investors who turn properties into Airbnbs and Vrbos. Government officials are trying to change that.
  + stars: | 2022-12-07 | by ( Robert Davis | ) www.businessinsider.com   time to read: +6 min
Atlanta lawmakers want short-term rentals to be licensed and to fine owners who violate city laws. In some cities, government officials are trying to regulate the number of short-term rentals that investors can purchase. The debate over short-term rentals in Atlanta is emblematic of similar debates in other cities. For instance, voters in Colorado towns like Dillon, Aspen, and Steamboat Springs this year approved measures to tax short-term rentals to help regular homebuyers afford homes. There are more than 1,300 short-term rentals in Joshua Tree, according to AirDNA, compared with a population of 7,700.
☆ Biden puts economic record front and center at New Mexico midterms rally
  + stars: | 2022-11-04 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com   time to read: +6 min
As an issue, democracy’s preservation pales in comparison to high prices and the economy. In fiery tones Thursday, Biden touted economic gains made since he succeeded former President Donald Trump — or, as he called him, “my predecessor.”“When I took office, this economy was in ruins,” Biden said. On the brink of an election that will decide control of Congress, Biden on Thursday dispensed with the unifying message that underpinned his inaugural address. If enacted, “you put Social Security and Medicare on the chopping block every five years” Biden said. Unable to squeeze inside, more than 100 people waited outdoors and were greeted by Biden before he gave his speech.
☆ What if Biden doesn't run again?
  + stars: | 2022-11-03 | by ( Jarrett Renshaw Heather Timmons | Jarrett Renshaw | Heather Timmons | ) www.reuters.com   time to read: +6 min
If the Democrats lose badly, I think you may see a fairly strong push for Biden to take himself out of 2024." None of the three would run against Biden in a primary, and they may defer to Harris, too, sources say. A senior Democrat said Newsom "has told people he won’t run against Biden" or Harris. Any Democratic primary contest would weaken the party's financial firepower in 2024, which could seen spending jump again, campaign finance experts believe. “I think the Democratic party and the White House should not presume you need to run the same presidential candidate again to hold the White House,” Suri said.
☆ What if Biden does not run again?
  + stars: | 2022-11-03 | by ( Jarrett Renshaw Heather Timmons | Jarrett Renshaw | Heather Timmons | ) www.reuters.com   time to read: +6 min
If the Democrats lose badly, I think you may see a fairly strong push for Biden to take himself out of 2024." None of the three would run against Biden in a primary, and they may defer to Harris, too, the sources said. A senior Democrat said Newsom "has told people he won't run against Biden" or Harris. Any Democratic primary contest would weaken the party's financial firepower in 2024, which could see spending jump again, campaign finance experts believe. "I think the Democratic party and the White House should not presume you need to run the same presidential candidate again to hold the White House," Suri said.
☆ Josh Hawley says Republicans should ban congressional stock trading as their top priority in 2023 after Democratic efforts falter
  + stars: | 2022-10-13 | by ( Warren Rojas | ) www.businessinsider.com   time to read: +4 min
Hawley says GOP leaders should make banning congressional stock trading their top priority. Congressional Democrats have floated various trading bans but haven't found a unifying fix. How about Congress pass an actual stock trading ban?" Fellow stock trading ban advocate Sen. Jeff Merkley announced a few weeks earlier that Senate Democrats were punting their own compromise bundle into the lame-duck session. Hawley's stock trading proposal, which only applies to congressional members and their spouses, currently has no cosponsors and is less comprehensive than many of the languishing Democratic proposals.
☆ U.S. banks cut donations to federal candidates, up Democrats' share ahead of mid-terms
  + stars: | 2022-10-10 | by ( Pete Schroeder | ) www.reuters.com   time to read: +5 min
Following the 2007-09 financial crisis when Democrats cracked down on banks, lenders have typically looked to business-friendly Republicans for support in Congress. And of the top-20 congressional recipients of bank PAC donations this cycle, 10 are Democrats compared with six in 2020, three in 2018, and one ahead of the 2016 election. Reuters GraphicsThe shift in giving patterns shows how banks are rethinking their allegiances amid increased political partisanship. To be sure, the party in power commonly enjoys a bounce in donations and banks are also spreading their bets ahead of a tightening contest, said Ballentine and the other sources. Nine of the top 10 recipients of industry donations are Republicans, including Representative Patrick McHenry who is likely to chair the House finance panel if Republicans win that chamber.
☆ Trump privately asked Obama how he got high approval ratings, book says
  + stars: | 2022-09-28 | by ( Sonam Sheth | ) www.businessinsider.com   time to read: +3 min
Trump asked Obama how he kept his approval ratings high in 2016, according to a forthcoming book by NYT's Maggie Haberman. Trump publicly skewered Obama but was privately fixated with his popularity and achievements. Trump asked Obama about his approval ratings the first time the two of them met in the Oval Office after Trump clinched his 2016 election victory, according to Haberman. Obama also struck a more conciliatory tone toward Trump, saying after Trump won that he would not publicly attack his successor. Trump left office with record low approval ratings.
☆ Liz Cheney says Mike Pence was 'essentially the president' on January 6 as Trump refused to send reprieve
  + stars: | 2022-09-20 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +4 min
Cheney suggested that Mike Pence was "essentially" the acting president on January 6, 2021. "Testimony that President Trump was the only person who refused to respond to desperate calls for help, even from his own congressional allies. In her speech on Monday, Cheney suggested that Trump's second-in-command, Mike Pence, stepped into his superior's role. "If you watched our hearings closely, you understand that Vice President Mike Pence was essentially the president for most of that day," she said. After Trump assailed Pence on Twitter for refusing to reject Electoral College votes for President Joe Biden, rioters throughout the Capitol began chanting "hang Mike Pence."
☆ Michael Avenatti convicted of wire fraud and aggravated identity theft in Stormy Daniels case and faces up to 22 years in prison
  + stars: | 2022-02-04 | by ( Sonam Sheth | ) www.businessinsider.com   time to read: +5 min
Michael Avenatti was convicted of wire fraud and aggravated identity theft. AdvertisementA jury on Friday convicted Michael Avenatti of wire fraud and aggravated identity theft following a widely watched trial. Avenatti was accused, among other things, of stealing hundreds of thousands of dollars from Daniels while he represented her. "You lied to me, that's not respectful," Daniels said, though she did later acknowledge telling federal investigators that Avenatti was polite and respectful towards her. While making their case against Avenatti, prosecutors displayed text messages in which Daniels expressed deep frustration because she thought the publisher was withholding payment.
Persons: Michael Avenatti, Avenatti, Stormy Daniels, —, Daniels, Donald Trump, Andrew Rohrbach, Rohrbach, Stephanie Clifford, Trump's, Michael Cohen, that's, Cohen Organizations: Service, Trump, New York Times, New York
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