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]() [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]() [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?]() [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]() [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]() [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]() [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]() [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]() [LOGO-CHARCOAL_75percent.jpg] [Donate to The Daily Signal]() [Find us on Facebook]() [Find us on Facebook]() [Follow us on Twitter]() [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 {EMAIL}. If you want to receive other Heritage Foundation newsletters, or opt out of this newsletter, [please click here to update your subscription.]() -