Free Republic

Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.Wall Street billionaires are not used to being on the outside looking in. But that is where they find themselves after President Trump ignored their appeals to call off his tariff plans which they fear could endanger the economy. With the backdrop of rapidly mounting stock market losses, corporate titans have worked every angle — phone calls, social media and even a typically staid shareholder letter — to try to change Mr. Trump’s mind. The day after the president announced his most...

...The deal for the bank... included the purchase of about $72 billion in loans, at a discount of $16.5 billion, and the transfer of all the bank's deposits, worth $56 billion. Roughly $90 billion in Silicon Valley Bank's securities and other assets were not included in the sale, and remained in the F.D.I.C.'s control.Silicon Valley Bank had roughly $175 billion in deposits before its collapse, an illustration of how extensive the withdrawals were before it was seized by regulators...As part of the deal, the F.D.I.C. will receive rights linked to the stock of First Citizens, which could be worth up...

John Cornyn, the senate majority whip, was pushed by news-makers on Sunday to explain a last minute addition to the final tax bill which could benefit those with real estate income. Senator Bob Corker supported the bill at the last minute, after the language was added. John Cornyn, the second-ranking Republican in the Senate, was pushed by news-makers on Sunday to explain a last minute addition to the final tax bill that could benefit those with real estate income. The provision calls for a tax deduction on income made from "pass through" entities, like real estate LLCs, including those with...