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El Tecolote

El Tecolote

San Francisco’s Latinx newspaper since 1970

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Tag: Bank Bailouts

Political cartoon of a person sitting in a chair that says "Big Banks" and resting their feet on bags of cash that say "Federal 'Bailout.'" All the while drinking champagne and commenting "... but forgiving student debt would be a 'moral hazard.'"
Posted inVoices

Bank Bailouts, Again! Time to get the SF Public Bank Up and Running

by El Tecolote Staff April 20, 2023April 20, 2023

United States Senator Hiram Johnson said: “The first casualty when war comes is truth.”  We can easily extend this aphorism to the fallout from bank failures where truth is an early casualty amid the ensuing turmoil. Case in point: Silicon Valley Bank.  Immediately following the forced closure of this California-based bank, formerly the 16th largest […]

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