CO-04 (Special Election)
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(R) Greg Lopez
(R) Trisha Calvarese
90%
10%
President (To Win Colorado)
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(D) Joe Biden*
(R) Donald Trump
80%
20%↓
CO-01 (Denver)
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(D) Diana DeGette*
90%
CO-02 (Boulder-ish)
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(D) Joe Neguse*
90%
CO-03 (West & Southern CO)
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(D) Adam Frisch
(R) Jeff Hurd
(R) Ron Hanks
40%
30%
20%
CO-04 (Northeast-ish Colorado)
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(R) Lauren Boebert
(R) Deborah Flora
(R) J. Sonnenberg
30%↑
15%↑
10%↓
CO-05 (Colorado Springs)
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(R) Dave Williams
(R) Jeff Crank
50%↓
50%↑
CO-06 (Aurora)
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(D) Jason Crow*
90%
CO-07 (Jefferson County)
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(D) Brittany Pettersen
85%↑
CO-08 (Northern Colo.)
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(D) Yadira Caraveo
(R) Gabe Evans
(R) Janak Joshi
60%↑
35%↓
30%↑
State Senate Majority
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DEMOCRATS
REPUBLICANS
80%
20%
State House Majority
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DEMOCRATS
REPUBLICANS
95%
5%
March 13, 2023 12:16 AM UTC
20 Comments
I think they made the right call on SVB. If they hadn’t, you would have seen a run on every non TBTF bank as every CEO in the country moved their funds to a TBTF bank.
In addition, it would have furthered hammered the start-up industry. So far most smaller high-tech companies have been doing OK and there has been a burst of new start-ups. All that was a good balance to the lay-offs in big tech. And holding/losing their reserves would have been incredibly destructive.
And every one of those destroyed companies would have meant individuals suddenly unemployed. Every one of those harmed companies would have meant reduced new hires. And it would have meant a lot of time invested in setting up fail over systems which is a huge opportunity cost.
ps – The depositors is not a case of greedy people doing questionable things for a larger return. A company will go to a larger interest rate on their deposits but mostly they’re just looking for a safe place to park their money that can provide the financial services they need.
Banking in the digital age is going to need to work at the speed of tweets and digital transfers. The ability to publish alerts to huge groups of investors, and their ability to transfer funds at the speed of a mouse click means a whole new way of looking at bank runs and building protective measures.
Can the Senate rise to the occasion? Unfortunately we have too many in the upper chamber still trying to master the fax machine in this digital age, and a lower-chamber dominated by nitwits: a string of 5 watt, red Christmas bulbs meant for 100 watt sockets.
" . . . a string of 5 watt, red Christmas bulbs meant for 100 watt sockets."
I like it.
Now we need something similar that references the noise coming from the "nitwits."
Agreed, David.
You knew it was inevitable the other half of Dumb and Dumber would share her random, firing neurons in a tweet:
It's not clear what point she's trying to make. It's like she just spews out a word salad.
MTGpt
Brilliant Political Opportunity
The Democrats need to introduce legislation this week to roll back the gutting of the regulations passed under Trump. And they then need to message the shit out of that legislation with two clear messages. First, that this would not have happened if Trump/GOP had not gutted the regulations. Second, that this was 100% the responsibility of Trump and the GOP and they want to do more of this.
Yes that responsibility message is a bit unfair as some Democrats supported it. Tough. Politics is not always fair and the blame casting will work.
And don't do the normal Democratic response of let's take 6 months and craft a bill that is even better and improves on reverting the legislation. A simple revert is a big improvement, it's a very simple political message, and you can run with it now.
Well said, DT
So here's hoping the Dems in Congress jump on the opportunity.
I want the executives to be drawn & quartered. Too harsh? Well, my friend, Jim in Paris, says: "the guillontine is to quick".
We could bring back the stocks. Public shaming in the town square.
"Public shaming in the town square."
As Donald Trump demonstrated, shame is so passé.
Deregulation in America is a combination of fighting the last war and Groundhog's Day (the movie). We rightfully pass legislation based on something bad happening, whether it could've been avoided or not, and then with the passage of time somebody suggests it's OK to roll regulations back. Then something bad happens, whether it could have been avoided or not, and the whole cycle plays out again. Plus, during the movie Bill Murray realized he wouldn't face consequences for anything he did, which probably would not be a perfectly fair comparison to the players involved with SVB but perhaps artistic-license illustrative.
Congrats to the Wray boys basketball team for winning the Class 2A state championship for the second time in three years. Also, Wray is the first school to have two championship teams in the same year, wrestling and basketball, since Alamosa in 1992.
I wish Voyaguer was here so I could needle him on the Wray v. Holyoke rivalry!
I miss him, too, Michael. 😥
Late breaking story: Pat Schroeder has died.
It’s a great loss. She was a towering Colorado politician.
Tributes will wait for the cold light of day.
I just saw this on the Denver Post widget on my desktop and popped in to see if it had been posted.
A coalition of pro-choice and some pro-life women worked with Pat to finally get the Family Medical Leave Act into law. The Democratic Congress passed it three times. Reagan vetoed it twice and Bush I veteoed it once. It was the first bill Clintion signed. Thank you Pat Schroeder. Too soon gone.
As I remember it, she was a beacon of blue light when Colorado was a sea of red.
A class act….rest in peace, Pat.