TECH BANK ON BRINK
REGULATORS SHUT
RUN FEAR
CONTAGION ALARM
AFTER DECADES OF RAPING THE PUBLIC – IS SILICON VALLEY FINALLY GOING TO BE TAKEN DOWN?

Financial markets go down rabbit hole…

Turmoil at Silicon Valley Bank triggers market panic: Four biggest US banks lose staggering $52 BILLION in valuation and Dow drops 540 points

Turmoil at Silicon Valley Bank triggers market panic

  • Sharp losses in banking stocks led Wall Street’s main indexes lower on Thursday, as turmoil at Silicon Valley Bank’s parent company triggered investor fears about the stability of the financial sector. The S&P 500 bank index tumbled more than 6% in its biggest one-day drop in over two years, after SVB Financial Group announced a massive equity raise to cover a $1.8 billion loss on the sale of investments.

It’s not inflation – it’s EXCUSEFLATION: Top businesses including Wingstop and Pepsi are accused of using inflation, COVID and Ukraine war as excuse to hike prices and inflate bosses’ pay

Businesses including Wingstop and Pepsi are accused of using global crises to hike prices

Companies like PepsiCo. and Wingstop have been cashing on narratives and headlines about global crises to inflate their prices and line their pockets. The practice, known as ‘excuseflation’ has permeated even down to local businesses, with one Chicago bakery manager owning up to it, telling Bloom.

Silicon Valley Bank is SEIZED by regulators after run on deposits tipped lender into failure: Panic caused by tech industry slowdown spreads to Wall Street

Silicon Valley Bank halts trading pending an announcement

Silicon Valley Bank has been seized by financial regulators after a run on deposits tipped the bank into failure. The bank was shuttered on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, officials said in a statement. The FDIC said depositors will have full access to their insured deposits no later than Monday morning. The federal agency insures each depositor to at least $250,000.

A few months ago, Leonard Leo laid out his next audacious project. He was running a group dedicated to destroying the delusional woke-think group operated by Larry Page, Eric Schmidt, Steve Jurvetson and the Stanford University liberal terrorists of gay tech.
Giving Middle Finger Is ‘God-Given’ Right, Judge Says…

Ever since the longtime Federalist Society leader helped create a conservative supermajority on the Supreme Court, and then received more than a billion dollars from a wealthy Chicago business owner to disburse to conservative causes, Leo’s next moves had been the subject of speculation.

Sitting tucked into a couch, with wire-rimmed glasses and hair gone to gray, Leo conveyed his inspiration and intentions: “I just said to myself, ‘Well, if this can work for law, why can’t it work for lots of other areas of American culture and American life where things are really messed up right now?’”

Leo revealed his latest battle plan in the previously unreported video for the Teneo Network, a little-known group he called “a tremendously important resource for the future of our country.”

Teneo is building what Leo called in the video “networks of conservatives that can roll back” liberal influence in Wall Street and Silicon Valley, among authors and academics, with pro athletes and Hollywood producers. A Federalist Society for everything.

Despite its linchpin role in Leo’s plans, Teneo (which is not the similarly named consulting firm associated with former officials in the Bill Clinton administration) has kept a low public profile. Its one-page website includes bland slogans — “Timeless ideas. Fresh approach” — and scant details. Its co-founder described Teneo as “private and confidential” in one presentation, and the group doesn’t disclose the vast majority of its members or its funders.

But ProPublica and Documented have obtained more than 50 hours of internal Teneo videos and hundreds of pages of documents that reveal the organization’s ambitious agenda, influential membership and burgeoning clout. We have also interviewed Teneo members and people familiar with the group’s activities. The videos, documents and interviews provide an unfiltered look at the lens through which the group views the power of the left — and how it plans to combat it.