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Why They’re Prosecuting Daniel Penny

The Bravest Women In America

University of Pennsylvania Law Professor Amy Wax and Manhattan Institute Fellow Heather Mac Donald are the bravest women in America when it comes to political and social commentary. I mentioned them both in my post about Fox firing Tucker Carlson (“Fox News Becomes Bud Light”), because Tucker was, to my knowledge, then only cable news anchor willing to have both women on as guests. I mentioned Mac Donald in another recent post (“The End of Civilization”), about her new book arguing that race preferences were wrecking every important American institution.

Heather Mac Donald is back with a phenomenal essay on New York subway Good Samaritan Daniel Penny, and why the establishment is prosecuting him, while allowing violent vagrants to terrorize tax paying citizens. Her piece, which I’ve posted below, digs deep into the roots of our current dysfunction, and is well worth reading. Before we get to it though, a quick follow up on a recent post, about regional banks at risk of default.

Quick Regional Bank Update

In our analysis last week (The Regional Banks Most Likely To Go Bust), we identified several regional banks that have significant amounts of underwater securities on their balance sheets and also appear to have exhausted the Federal Reserve’s new bank relief program, the BTFD. I’m planning to place bearish trades on four more of these banks if we get upticks in their shares this week. If you’d like a heads up when I do, feel free to subscribe to my trading Substack/occasional email list below.

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