The Wall Street Journal’s Opinion board calls the White House and Treasury Department’s action on Signature and Silicon Valley Bank “de facto bailout of the banking system, even as the regulators and Biden officials have been telling us that the economy is great and there was nothing to worry about. The unpleasant truth – which Washington will never admit – is that SVB’s failure is a bill coming due for years of monetary and regulatory mistakes.”
The right answer, according to the Monday editorial (subscription required) is to allow big banks to “merge” with the smaller, struggling banks, according to the Monday editorial (subscription required), but “acolytes” of Sen. Elizabeth Warren (D-MA) on the FDIC board are against such mergers, according to the WSJ board.
“Democrats andf the press corps may try to pin the problem on bankers and the Trump administration, but these are political diversions.”
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Pence, Finally
Last Year’s House Select Committee to Investigate the January 6th Attack on the United States Capitol pretty much painted Donald J. Trump’s vice president, Mike Pence, as a hero on that day, resisting an angry mob ready to hang him and a Secret Service offering to whisk him away from danger. But Pence has been loath to strike back and criticize his ex-boss, who leads in most polls among potential candidates for the GOP’s 2024 presidential nomination.
Until Saturday night’s Gridiron dinner, hosted by the Washington press corps.
“President Trump was wrong,” The Washington Post reports. Pence is, of course, one of the GOP’s leading undeclared candidates for president in 2024. “I had no right to overturn the election. And his reckless words endangered my family and everyone at the Capitol that day. And I know that history will hold Donald Trump accountable.”
Also speaking at the white-tie event were Secretary of State Antony Blinken and New Jersey Gov. Phil Murphy (D).
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