Author: dumbcapital

California reparations task force to recommend ‘down payments’ for slavery, racism 

The California Reparations Task Force published documents this week indicating it plans to recommend the state apologize for racism and slavery, and consider “down payments” of varying amounts to eligible African American residents. The documents, numbering more than 500 pages, do not contain an overall price tag for reparations, but they do include ways the…

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Editorial: What Bay Area banks can learn from SVB, First Republic failures

Unbridled optimism is an essential quality for Bay Area entrepreneurs. For its bankers, not so much. That’s the hard lesson from the collapse of two of the Bay Area’s premier regional banking institutions: San Francisco’s First Republic Bank and Santa Clara’s Silicon Valley Bank. Congress and the Federal Reserve have a lot to answer for…

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