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insurance for deposits saving grace for deposit fors as of much as $220 billiony uninsured. move to prevent a run on additional banks makes it so the tech company as it banked with svb can make payroll. at least 29y impacted pinterest, zip recruiter just to name a few. separately the same has been done for new york signature bank which was shut down over the weekend. treasury secretary janet yellen says the action does not equal bailing out the banks. during the financial crisis there were investors and owners of stem large banks that were bailed out and we re certainly not looking and the reforms that have been put in place means that we re not going to do that again. but, we are concerned about the depositors and are focused on trying to meet their needs. so, unlike the great financial drivers stock and bond investors will not be protected by the move. and taxpayer money will not be injected. percy square agrees this was not a bailout. he wrote this on twitter, ....
Good thing. mortgage rates at a painful 7.23%. this is the highest the 30-year fixed rate mortgage has been since june of 2001. the federal reserve s inflation-curbing campaign has sent home affordability to its lowest level in decades. buying a home is more expensive due to rising prices and lower inventory. and fed chair jer voem powell hints at more bad news for borrowers. the economy is growing, and americans are spending as expected, and that s good news, but it s also fueling inflation. we explain. during this major speech at jackson hole, fed chair jerome powell acknowledged inflation has slowed, but powell has stressed inflation is still high ....
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Hearing we had on origins back in june of 2001. the reason we need to know is that the international community we need to know what kind of research is being done. gain of function research prohibited. then the nih rescinded their predictprohibition. are they trying to hide this because there was indirect funding of gain of function research. was there personal financial gain? do they feel complicit that they allowed a type of research that may have led to the virus becoming more contagious and more easily transmitted in humans? so we need to know about lab safety. there was not proper oversight by nih or by ecohealth of this laboratory. there wasn t disclosure when they knew that the virus was contagious. and there was human-to-human transmission. so we need to know those things and that s why it s important that we know the origins and why why we have these oversight hearings to hold dr. fauci ....
The ones who are going to be sanctioned. they re the ones who, you know, are seeing stores shut down and all of this commerce leaving russia, and they re not going to be allowed to fly to this country. they re seeing these walls go back up that are going to isolate russia from the rest of the world. and i am going to be fascinated to see and find out just how long they can tolerate that. i gotta tell you, the niemsz, your paper, has an incredible piece today talking about kind of the progression of vladimir putin over the last 20-plus years from statesman to this. if you have an opportunity to read it, you should. there s this amazing picture of vladimir putin sitting alongside then president george w. bush, and they re just yucking it up, as if they were best friends, i believe in june of 2001. you think about then and now, that split screen moment just incredible. helene cooper, as always, thank ....