Federal Deposit Insurance Corporation

Support For, Opposition Against Los Angeles’ Proposed Cashless Store Ban Grows

April 30, 2024 7:34 pmApril 30, 2024 7:34 pm

Three Los Angeles City Council members backed a motion on Tuesday that would ban cashless businesses in Los Angeles, arguing that many residents don’t have bank accounts and that digital transactions could be easily traced by people after those who...

Los Angeles City Council Moves Forward With Proposal to Ban Cashless Businesses

October 4, 2023 11:42 amOctober 4, 2023 11:42 am

The Los Angeles City Council voted 13-0 on Tuesday to move forward with a motion that would ban all cashless stores in the city, with the chief legislative analyst now being instructed to work with the city attorney on the...

Former Sonoma Developmental Center Site Plan Riddled With Nepotism

May 3, 2023 3:35 pmMay 3, 2023 3:46 pm

Over the past several years, the Sonoma County Board of Supervisors has held discussions regarding the preservation and future usage of a historically controversial site, the Sonoma Developmental Center. The 945-acre Glen Ellen property has been at the epicenter of concern for local...

Assembly, Senate Leaders Call on Gov. Newsom to Recuse Himself from Silicon Valley Bank Bailout

March 15, 2023 11:53 amMarch 16, 2023 6:13 pm

As everyone now knows, Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation. California Governor Gavin Newsom issued a statement Saturday morning in response saying “Over the last 48...

Failed Silicon Valley Bank, the Newsoms, and Connected Friends

March 14, 2023 5:27 pmMarch 16, 2023 12:03 pm

The Silicon Valley Bank failure and shutdown is because of “idiot bank management under an incompetent board,” according to Shark Tank star Kevin O’Leary. “O’Leary joined Fox News hosts Bill Hemmer and Dana Perino on Tuesday to discuss the Silicon Valley...

Open the Books Links Gov. Gavin Newsom and Silicon Valley Bank

March 13, 2023 6:02 pmMarch 14, 2023 3:59 pm

Following the Friday Silicon Valley Bank closure, Sunday morning the Globe reported an interesting tie between Silicon Valley Bank and California’s First Partner Jennifer Siebel Newsom – John China, SVB Executive of Capital sits on the board of Jennifer Siebel Newsom’s California Partners...

SVB Depositors Made Whole by Fed

March 12, 2023 8:26 pmMarch 12, 2023 9:47 pm

Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation, with the FDIC in charge of liquidation, the Globe reported. SVB was one of the largest banks in the country and one of the premier banks...