A “Territorial Dispute” • Hunter Biden Probe Escalates • Trump Swings at Pence
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This Bank Panic Should Not Exist
Good morning from the Hive newsroom! As federal regulators step in to rescue Silicon Valley Bank this week, Zachary D. Carter diagnoses how rabble-rousing tech bros, shoddy risk management, and bad monetary policy created a perfect storm for the bank to fail. “It’s hard to imagine a deeper embarrassment for Silicon Valley,” Carter writes.
Zooming out, on the politics front, Eric Lutz catches Ron DeSantis calling the war in Ukraine a “territorial dispute,” while Caleb Ecarma has the latest on the House GOP’s investigative crusade against Hunter Biden.
Plus, as the 2024 presidential race nears, Bess Levin unpacks Donald Trump’s latest tangle with Mike Pence, whom the former president attempted to scapegoat for the violence on January 6. Thanks for reading.
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This Bank Panic Should Not Exist
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The most important bank in Silicon Valley has failed, triggering economic uncertainty nationwide. To blame: tough-talking tech dudes, a reckless Congress, contradictory monetary policy, and even Barney Frank.
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