Berkshire Hathaway’s Fixed Maturity Portfolio
Recent bank failures raise questions about how Berkshire Hathaway and other insurers account for fixed maturity investments ...
Barney Frank’s Signature Bank Compensation
Apologists for crony capitalism are telling the American people that shareholders and executives of failed banks will be wiped out. The reality is more complex ...
Yet Another Bailout
The FDIC will provide unlimited deposit insurance for Silicon Valley Bank and Signature Bank and the Fed will accept depreciated securities at par value from banks seeking emergency funding ...
Fragile Capitalists
Silicon Valley Bank's shareholders and creditors cannot be bailed out without introducing massive moral hazard antithetical to capitalism ...
The Fall of Silicon Valley Bank
A classic run on the bank exposes harsh realities hiding in plain sight. How will regulators and policymakers react to fears of contagion? ...