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Prospect Weekend Reads
Week of March 20th
Stories from the week you don't want to miss!
SETH WENIG/AP PHOTO
Rich Bank Dumb Bank
<[link removed]>:
While Silicon Valley Bank was unable to pay its debts, by all
appearances Signature Bank seemed to be doing okay. So what caused its
collapse? Maureen Tkacik has the story.
The Fed's Silicon Valley Bank Cover-Up Won't Work
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Fed officials knew about Silicon Valley Bank's troubles long before
its collapse. But as David Dayen explains, the agency has willingly
weakened its own regulatory standards to the point that the banks it
supervises don't fear penalties.
Whose Test Results Should East Palestine Believe?
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In the aftermath of the East Palestine train derailment, public
confidence in federal environmental testing is sinking fast. Read
Gabrielle Gurley on EPA and Norfolk Southern's deficiencies on air
quality testing.
The Real Goal Behind the Frenzy Against 'Wokeness'
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If and when Republicans take national power again, Ryan Cooper writes,
it'll be one more screaming tantrum after the next, while they rob the
American people blind in the background.
The Systemic Risk of Big Accounting
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Auditors should have been the first line of defense against malfeasance
in corporate accounting. Luke Goldstein explains why they failed to
sound the alarm on Silicon Valley Bank's troubles.
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