Who Are Winners and Losers in Biden’s Bailout of Silicon Valley Bank Depositors? Economist Explains

Plus: DC Joins Parts of These 5 States in Allowing Noncitizens to Vote

March 14 2023   Good morning from Washington, where President Biden moves fast to protect well-heeled depositors after the collapse of a bank in Silicon Valley, California. That political favoritism probably means more inflation for the rest of us, a Heritage Foundation economist tells Virginia Allen on the podcast. Sane risk management, rather than woke policies, would have prevented this bailout, Diana Furchtgott-Roth writes. Starting today, the nation's capital joins 15 other municipalities in allowing noncitizens to vote, Fred Lucas reports. Plus: a federal court orders Team Biden to stop turning a blind eye to illegal aliens; the overdue campaign to break the drug cartels; and a journalist confesses to drinking the media Kool-Aid on the Capitol riot. On this date in 1964, a jury finds nightclub owner  Jack Ruby  guilty of murdering Lee Harvey Oswald—accused assassin of President John F. Kennedy—and sentences him to death.      ANALYSIS Who Are Winners and Losers in Biden's Bailout of Silicon Valley Bank Depositors? Economist Explains By Virginia Allen "What we're seeing is that if you have rich depositors, if you have rich friends, if you're a part of the in crowd, we will change all of the rules in order to bail you out," says Peter St Onge. More ANALYSIS DC Joins Parts of These 5 States in Allowing Noncitizens to Vote By Fred Lucas "We have to stop this real foreign interference in our elections," says J. Christian Adams, president of the Public Interest Legal Foundation. More COMMENTARY Did Silicon Valley Bank Prioritize Social Justice Over Risk Management? By Diana Furchtgott-Roth Bank documents indicate that corporate leadership may have been more interested in environmental sustainability, climate change, and diversity initiatives than risk management. More COMMENTARY Angry Federal Judge Orders Biden's DHS: End Mass Parole of Illegal Aliens By Hans von Spakovsky, Lora Ries, Steve Bradbury Federal immigration law could not be clearer about the illegality of what the Department of Homeland Security is doing. More COMMENTARY Time to Declare War on Mexican Drug Cartels By Josh Hammer Deaths by drug overdose in America last year reached an unconscionable 106,000, or more than 290 daily. More NEWS Naomi Wolf Apologizes for Believing Media's Jan. 6 Narrative By Elizabeth Troutman "I am sorry for believing the dominant legacy-media 'narrative' pretty completely from the time it was rolled out, without asking questions," writes author Naomi Wolf. More NEWS ICYMI: Amid DOJ Failure to Enforce Law, Supreme Court Requests More Help By Mary Margaret Olohan The court requests more money for security amid ongoing protests at the justices' homes in apparent violation of 18 U.S. Code 1507. More           Donate to The Daily Signal Find us on Facebook Follow us on Twitter How are we doing? We welcome your comments, suggestions, and story tips. Please reply to this email or send us a note at letters@dailysignal.com. The Daily Signal 214 Massachusetts Avenue, NE Washington, DC 20002 (800) 546-2843     Add morningbell@heritage.org to your address book to ensure that you receive emails from us. You are subscribed to this newsletter as johnmhames1.diogenes--light@blogger.com. If you want to receive other Heritage Foundation newsletters, or opt out of this newsletter, please click here to update your subscription.

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