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NC-Based First Citizens Buys Shattered Silicon Valley Bank

First Citizens BancShares Inc. is acquiring Silicon Valley Bank in the wake of that institution’s collapse earlier this month, the FDIC announced in an early-hours Monday release.

Expensive Failure: “The 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First–Citizens Bank & Trust Company on Monday,” the FDIC stated. “The FDIC estimates the cost of the failure of Silicon Valley Bank to its Deposit Insurance Fund (DIF) to be approximately $20 billion. The exact cost will be determined when the FDIC terminates the receivership.” Unlimited deposit insurance for all?

Liberty Nation Today: Hot Topics

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Rolling Fork Mayor: Town Will ‘Come Back Bigger and Better’ After Tornado Catastrophe

Eldridge Walker, mayor of the small Mississippi town of Rolling Fork, which was leveled by a tornado Friday, says the community is a family that will recover from the disaster together. The death count currently stands at 25 from the long-track tornado, which struck several Mississippi towns, touching down in Rolling Fork at 8pm local time.

‘A Family of Strength’: “On behalf of this entire community, first we want to say thank you. We want to thank you for all you’re doing for the families of this community and making sure the city of Rolling Fork will come back bigger and better than ever before,” Walker told volunteers who he said came from “as far away as Arkansas, Tennessee and Louisiana” to help in recovery efforts. Walker, who also serves as a funeral director in the town, added that he had lost friends in the tragedy, WAPT-TV in Jackson, MS, reports. “Now, I’m helping [their families] make it through in this traumatic time,” he said. “We were all taught that a family that prays together, stays together. This is a family. A family of strength, and this is what we need to bring this community back together.” When natural disasters are politicized…

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High-Profile California Democrat Ro Khanna Says He Will Not Run For Feinstein Senate Seat

The progressive lane in the already spirited race among Democrats vying to capture Sen. Dianne Feinstein’s (D-CA) Senate seat after she retires at the end of 2024 got significantly less crowded Sunday. Rep. Ro Khanna (D-CA) announced that will not be throwing his hat into the ring.

He’s Out: “I have concluded that despite a lot of enthusiasm from [Sen.] Bernie [Sanders, I-VT] folks, the best place, the most exciting place, action place, fit place, for me to serve as a progressive is in the House of Representatives,” Khanna told CNN host Jake Tapper. He was quick to make an endorsement, however. “And I’m honored to be co-chairing [Rep.] Barbara Lee’s [D-CA] campaign for the Senate and endorsing her today. We need a strong anti-war senator and she will play that role.” Khanna was considered a formidable potential candidate…

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Report: Hollywood ‘Indigenous Alliance’ Activist Is Counterfeit Cherokee

“One of Hollywood’s leading Native American figures is being accused of faking her claims of Cherokee heritage,” The New York Post reports.

Warren of the West? “Award-winning Heather Rae, 56, serves on the Academy of Motion Pictures’ Indigenous Alliance, previously headed up the Sundance Institute’s Native American program and claims ‘my mother was Indian and my father was a cowboy.’ Multiple prior news reports have also cited her as having a Cherokee mother,” the paper relates. “But a watchdog group called the Tribal Alliance Against Frauds is now demanding the Academy and the producer drop her ‘false claims’ while activists insist she’s at best 1/2048th Cherokee.” Meanwhile, film industry continues to tank…

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UK Prime Minister Sunak to Unveil Plan to Eradicate ‘Anti-Social Behavior’

British Prime Minister Rishi Sunak on Monday will “launch a crackdown on begging as he announces a war on anti-social behavior,” UK newspaper The Telegraph reports. “Sunak will unveil a series of new powers to allow police to move on beggars causing ‘public distress.’ This could include blocking shop doorways and asking for money at cashpoints. Under the powers, police officers and local authority workers will be able to confront ‘nuisance’ beggars and order them to move on while encouraging them to make use of accommodation services and mental health support,” the paper details.

Cleaning Up the Streets: “Another new offense will be created for criminal gangs organizing begging networks, something Whitehall officials believe is often used to facilitate illegal activities. The move is part of a wider crackdown on crime being announced by Sunak on Monday, including a ban on laughing gas and a requirement for offenders to begin cleaning up graffiti within 48 hours.” Orwellian UK sees a 1964 Michael Caine film as a terrorist threat…