Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
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Silicon Valley Bank Is Gone. We Know Who Is Responsible. Credit…Justin Sullivan/Getty Images Elizabeth Warren Senator Warren is a Democrat from Massachusetts. No one should be mistaken about what unfolded over the past few days in the U.S. banking system: These recent bank failures are the direct result of leaders in Washington weakening the…
Young companies raced to get their money out of the bank, which was central to the start-up industry. Some said they could not make payroll. Friday at the headquarters of Silicon Valley Bank, which has been a financial partner to start-ups and venture capital firms.Credit…Jeff Chiu/Associated Press Erin Griffith Erin Griffith reports on start-ups…
Once a year or so, the economist Diane Swonk ventures into the basement of her 1891 Victorian house outside Chicago and opens a plastic box containing the items that mean the most to her: awards, wedding pictures, the clothes she was wearing at the World Trade Center on the day it was attacked. But what…
close dealbook-branding close story-meta Photo Unable to recover the balance of loans by repossessing and reselling the cars of owners who default, some subprime lenders are aggressively suing the borrowers to collect what remains. Credit Spencer Platt/Getty Images More than a decade after Yvette Harris’s 1997 Mitsubishi was repossessed, she is still paying off her…