Silicon Valley Bank’s collapse is almost entirely self-imposed, but they’re getting an almost-bailout anyway. President Biden has said the taxpayers will bear the brunt of guaranteeing all SVB deposits. The Federal Deposit Insurance Corp. (FDIC) already insures deposits up to $250,000, a pittance compared to the collapse of this billion-dollar bank.
Many in the financial punditry class believe the move is necessary to prevent a chain reaction that could take down other big investment banks. There is plenty to be debated about the merits of that action, but it certainly does make it harder to accept that Americans are being forced to bail out millionaires when SVB has been grossly irresponsible with their own funds.
As it turns out, SVB was a massive donor to Black Lives Matter and other social justice causes, to the tune of nearly $74 million dollars. $73,450,000 to be more exact.
The figure comes from an extensive report dropped by the Claremont Institute on Tuesday. The report details $82 billion dollars in social justice/BLM investments by major American companies. SVB stands out as one of the larger donors, next to big donors like Apple ($100 million) and Comcast ($165 million). While at the top of the donation pool, those contributors do pale in comparison to donors like Blackrock ($810 million) and Citigroup ($1.1 billion). However, the group did pledge on their website to provide in total up to $11 billion dollars by 2026 for Diversity, Equity and Inclusion (DEI) programs and racial justice causes.
Who is in charge of your children? That has been a perennial question that has grown in importance over the last few years. When I was a child, it was understood that, with rare exceptions, parents were in charge of a child’s upbringing. This included medical, religious, and educational decisions. However, over the last few decades, the role of the parent in these decisions has been replaced by experts. What happens when the goal of the experts differs from those of the parents? Who decides the future of the rising generations? It was understood that the state acted in loco parentis, in place of the parents, only for the safety of the child. A recent case in U.S. District Court shows that be it health departments, child services, schools, or even the courts. Government not only believes they know better than the parents, they are more than willing to act in loco parentis tyrannis.
https://constitutionstudy.com/?p=8897
With the release of ChatGPT and other artificial intelligence (AI) applications, there has been a lot of speculation and downright assertions about our future. With over 30 years of experience in Information Technology (IT), not more than a passing understanding of AIs, I've come to the conclusion that much of what I've heard is more science fiction than fact. A recent court case decided in the D.C. District Court revolved around one very important question. Do AIs have rights?
In this third installment of the three-part series on the branches of government, we look at the role of the third and weakest branch. At least that is what our Founding Fathers thought of it. What is the role of the federal judiciary? What are the extent of their powers, how do they related to the other two branches of government, and why is a proper understanding of the role of the judiciary critical if the United States is to remain a constitutional republic?
https://constitutionstudy.com/?p=8575
We’ve all heard of the D.C. swamp, but did you know there’s a legal swamp as well? Call it the deep state, swamp, or just precedent, the entrenched bureaucracy of our so-called justice system is just as bad as the political swamp Trump ran against. - Live 4PM ET with Host Paul Engel @CyberEngel @OutLoudNews
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We all know we have to pay for government. We’re reminded every April 15th of that fact. Some of you may even remember Article I, Section 8, Clause 1 and Congress' authority to lay and collect taxes. But is anyone paying attention to the actual cost of government? And just who is responsible for making sure those costs are reasonable? - Live 4PM ET with Host Paul Engel @CyberEngel @OutLoudNews
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As the end of the current Supreme Court term approaches, we’ve seen a few important decisions published. Expect more during the month of June. Add to that the latest antisemitic attack in D.C., and it seems obvious that we are living in interesting times. - Live 4PM ET with Host Paul Engel @CyberEngel @OutLoudNews
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