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Silicon Valley Bank's failure led to several of the largest bank failures in American history, prompting government intervention to prevent widespread contagion. A mark-to-market analysis of American banks’ balance sheets reveals that many are illiquid but not yet insolvent. The government could require banks to raise capital through equity in order to prevent another widespread bank bailout. | Hoover Institution
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Today Sinn Féin has proposed a bailout for every worker laid off as a result of the Covid-19 crisis. This Income Support Scheme will pay all workers up to €525 per week for 20 weeks applied retrospectively from the 9th March. This means workers who earns up to €32,500 a year would receive their full wage for 20 weeks. Those earning above this amount will also have this support, and the scheme would allow for employer top-ups to supplement their income. This is an important intervention which wou
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