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- Title
Washington Post Piece on SVB Failure Indicates Lack of Internet.
- Authors
Baker, Dean
- Abstract
The article discusses a piece in the Washington Post that overlooks crucial information regarding Rippling, a payroll company facing financial difficulties after the Federal Deposit Insurance Corporation (FDIC) froze its account at Silicon Valley Bank. The author criticizes the Washington Post for failing to mention that the FDIC had committed to making advance payments on accounts, which could have covered a significant portion of the funds and provided a marketable certificate for the amount.
- Subjects
WASHINGTON Post Co.; RIPPLING (Company); FEDERAL Deposit Insurance Corp.; SILICON Valley Bank; TRANSFER payments
- Publication
CounterPunch, 2023, p326
- ISSN
1086-2323
- Publication type
Article