Who’s the Big Winner of Silicon Valley Bank’s FDIC $250k Limit Override?
As two U.S. banks failed this week, President Biden and his Treasury Secretary, Janet Yellen, rushed in to calm the markets and assure depositors that they wouldn’t lose any money in the Silicon Valley and Signature banks debacle, even if they deposited over the $250,000 FDIC limit. President Biden claimed that taxpayers wouldn’t pay 1¢ for this emergency relief.
That is hokum and this is my Two Minute Tirade!
Let’s start the clock!
Douglas Christian is a multimedia Capitol Hill reporter. He has covered the 2016 Democratic and Republican conventions as a photographer and has produced numerous audio and video reports for Talk Media News. He has written scores of articles and op-ed pieces for the Baltimore Post Examiner, touching on politics to the arts and to hi-tech.
Douglas has worked as a photographer for decades. He has produced a few books on Oriental rugs; one was on Armenian Oriental rugs and the other was published by Rizzoli and co-authored by his uncle entitled, ‘Oriental Rugs of the Silk Route’. Douglas attended the Putney School in Vermont, a tiny progressive school in Vermont, where he became enthralled with photography and rebuilt a 4×5 camera. Later during college, he attended the Ansel Adams Workshop at Yosemite, where he determined to pursue photography. He transferred to the School of the Museum of Fine Arts and received a BFA from Tufts. He has photographed an array of people including politicos such as William F. Buckley, Jr., George McGovern, Edward Teller and Cesar Chavez. His photography URL is www.photographystudio.com. His twitter feed is @xiwix. He currently resides in Washington, D.C.