So, apparently SIVB's Chief Administrative Officer was a guy named Joseph Gentile. Heard that name before? He was the former CFO of Lehman Brothers, just before they went bankrupt! And before that? He worked at Arthur Andersen, the accountancy firm which collapsed in 2002 after their dodgy accounting of Enron was revealed! Being associated with one major banking collapse is bad enough. But *three* top-tier collapses? What a CV!

Stanford apologises for the appalling (and possibly illegal) behaviour of their woke "DEI Dean", who tried to censor an invited judge's lecture:

Human Events

Fed-up Stanford students demand DEI dean’s firing after she heckled Trump-appointed judge during speaking event

“Firing Dean Steinbach is a good start.”

I'm constantly amazed by the short-termism of human memory. I don't think of myself as terribly old, but I have pretty good memories of the 2008 Financial Crisis. Nevertheless, I've recently met many young people who seem to have no concept of bank runs. Have we done such a poor job of disseminating the lessons of 2008 to the young? Clearly so.

GM Nostriches!

@cowdle #game

Over recent years, hundreds of thousands of British people have had Stasi-like secret records made of their *legal* actions, recorded as 'non-crime hate incidents', simply because someone else felt offended. Today a draft code of practice is to be presented to UK Parliament which will try to shift the balance back towards free speech. Given the UK government's other restrictions on speech - like the awful Online Harms bill - I don't think this is a Damascene Conversion, but I'm hoping it is a small step in the right direction for the UK.

Express.co.uk

Suella Braverman orders

EXCLUSIVE: The Home Secretary will introduce new legislation that requires forces to focus on serious offences rather than policing social media.

Anyone know whether it's possible to turn off the 'AI Summarizer' feature in Brave? I dislike it immensely. First, it sometimes gives factually incorrect information; second, it gives you the 'party line' on news events. IMO, it's a bad move by Brave: I don't want yet another company filtering my news for me and deciding what the 'takeaway message' should be.

Prediction: US gov will *not* bail out SVB but will used the chaos as an argument for why Central Banking should take over from retail.

Loathe to link back to Twitter, but this is important:

X (formerly Twitter)

Chuck Callesto (@ChuckCallesto) on X

JUST IN: Censored video re-emerges of Jacob Chansley reading Trump’s tweet, telling protestors to GO HOME and remain peaceful.. WON’T SEE THI...

Banking Twitter: "SVB is going down, GFC 2.0 is imminent!" Bitcoin Nostr: "Yay! Buy the bitcoin dip and zap it all!"