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3232Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’
https://www.digit.info/yellen-says-us-not-willing-to-allow-contagious-bank-runs-calls-opec-oil-production-cut-unconstructive/
Wed, 05 Apr 2023 23:30:54 +0000https://www.digit.info/2023/04/05/yellen-says-us-not-willing-to-allow-contagious-bank-runs-calls-opec-oil-production-cut-unconstructive/Read more]]>Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters […]
]]>Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow
https://www.digit.info/report-silicon-valley-bank-under-fdic-auction-as-calls-for-bailout-grow/
Sun, 12 Mar 2023 18:30:23 +0000https://www.digit.info/2023/03/12/report-silicon-valley-bank-under-fdic-auction-as-calls-for-bailout-grow/Read more]]>The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]
]]>Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions
https://www.digit.info/yellen-downplays-stimulus-contributing-to-inflation-republicans-grill-us-treasury-secretarys-decisions/
Thu, 09 Jun 2022 14:30:00 +0000https://www.digit.info/2022/06/09/yellen-downplays-stimulus-contributing-to-inflation-republicans-grill-us-treasury-secretarys-decisions/Read more]]>U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks of inflation. A U.S. senator from Wyoming questioned the Treasury secretary’s “pronouncements and decisions” […]
]]>US House Representative Ro Khanna Lauds BTC Which ‘Cannot Be Devalued’- Calls for Less Carbon Intensive Mining
https://www.digit.info/us-house-representative-ro-khanna-lauds-btc-which-cannot-be-devalued-calls-for-less-carbon-intensive-mining/
Sun, 07 Mar 2021 18:00:48 +0000https://www.digit.info/2021/03/07/us-house-representative-ro-khanna-lauds-btc-which-cannot-be-devalued-calls-for-less-carbon-intensive-mining/Read more]]>After Elizabeth Warren, the U.S. Senator for Massachusetts called bitcoin a speculative asset, Ro Khanna, the U.S. House Representative for California has spoken in favor of the crypto asset. In his Twitter statement, Khanna says “bitcoin just like digital gold cannot be devalued.” Khanna also lauds the crypto asset’s decentralization, an attribute which he says […]
]]>Former US Treasury Secretary Larry Summers Says Bitcoin ‘Is Here to Stay’
https://www.digit.info/former-us-treasury-secretary-larry-summers-says-bitcoin-is-here-to-stay/
Thu, 21 Jan 2021 07:45:52 +0000https://www.digit.info/2021/01/21/former-us-treasury-secretary-larry-summers-says-bitcoin-is-here-to-stay/Read more]]>Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience. In his latest comments about bitcoin, Summers, who in 2016 became a senior adviser […]
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters […]
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on […]
U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks of inflation. A U.S. senator from Wyoming questioned the Treasury secretary’s “pronouncements and decisions” […]
After Elizabeth Warren, the U.S. Senator for Massachusetts called bitcoin a speculative asset, Ro Khanna, the U.S. House Representative for California has spoken in favor of the crypto asset. In his Twitter statement, Khanna says “bitcoin just like digital gold cannot be devalued.” Khanna also lauds the crypto asset’s decentralization, an attribute which he says […]
Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience. In his latest comments about bitcoin, Summers, who in 2016 became a senior adviser […]