Silicon Valley Bank, the 16th largest bank in the United States, is shut down. With $175 billion in deposits, it is the biggest American bank to fail since the 2008 financial crisis. CNBC’s Deirdre Bosa reports.
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#SiliconValleyBank #Finance #NBCNews
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The Republican Party.. What would we do without the party of deregulation. Wether it is infrastructure such as in the transport industry, the chemical industry or I as in banking..
Well we all know that the true causes are to be found in pronouns, in drag-queens, in critical race theory, in left wing, commie socialist Marxism.
2022 February Biden ; Russia's economy is torn to shreds
a year later ;
This was in the news this morning here in Australia . A big cause of it was Trump changing laws regarding the amount that banks had to be accountable for . The blame lies with him ??
Is it me or does the world really seem unsustainable?
Get Woke Go Broke
I ma 20 year younger then that grandma, but have difficulties to manage households issues. How can she manage US treasury at such age? Oh, well, her boss, Bidon is also looks like a best friend of to wo other guys, Parkinson and Alzheimer
Most of the banks in USA will collapse!!!!!
Complete mismanagement.
BIDEN, STOP YOUR STUPID WAR !
It's a crazy situation. I also just made a video about it.. explaining what's going on. Goodlcuk!!!$$
Interest rates have gotten so high in an attempt to offset government’s out of control spending. We need fiscally responsible politicians in office who actual want to grow our economy, not a bunch of left wing radical Marxists who seek to destroy it.
Greed and interest rates is the source of silicon valley bank 🏧🏦 collapse. Great video 📷📸
Buckle up boys. It’s gonna be far right disinformation and racism
to oppose bank bailouts lol
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
the first domino to drop
There is an astronomical amount of money in the economy that needs to be removed by any means necessary and guess who’s gonna suffer the little people.
Biden inherited President Trump's thriving economy and destroyed it for all to see.
Vulture capitalists will consume the fallen ones. No worries.
American economy is perfectly fine for the rich.
get woke go broke
Just a Rolling Stone, like a snow ball rolling down a steep slope. ❄️☃️❄️ Snow sticks to snow⛄️☃️
all by design. trillions for these covid scamdemic bills. CARES act bill introduced in 2019 but the scamdemic was not unitl 2020.
Now these ppl wish they had their money in cryptocurrency/virtual banking
The FED bears significant responsibility for their aggressive interest rate increases. Those interest rates have to be lowered immediately to calm further collapse in the banking sector. Wake up Yellen!
AHAHAHAHAHAHA 👹
"contained to one bank"? hahahah. Don't think so, Honey. This is the BEAR STEARNS moment of 2023. Get ready to plunge.
1:59 you just say nothing.
Hahahahaha sucks for the rich because some other richer just got even more rich 🤑
"Don’t put your confidence in powerful people; there is no help for you there."
– Psalm 146:3
“Enter through the NARROW gate. For wide is the gate and broad and easy to travel is the path that leads the way to destruction and eternal loss, and there are MANY who enter through it."
– Matthew 7:13
"Jesus told him, 'I am the WAY, the TRUTH, and the LIFE. No one comes to the Father except through Me."
– John 14:6
"Salvation is found in no one else, for there is no other name under heaven given to mankind by which we must be saved.”
– Acts 4:12
"And I will give you a new heart, and I will put a new spirit in you. I will take out your stony, stubborn heart and give you a tender, responsive heart."
– Ezekiel 36:26
"Again Jesus spoke to them, saying, 'I am the Light of the world. Whoever follows Me will not walk in darkness, but will have the Light of Life.”
– John 8:12
“I called you so often, but you wouldn’t come. I reached out to you, but you paid no attention."
– Proverbs 1:24
And yet they will keep Voting for demoncrats.
Biden’s America
Build Back Better Print Print Print
SVB's Financial Risk manager is a bent, female, immigrant Indian with ZERO relevant work experience
This is called KARMA-I am really happy to see these tech giants losing there money>>>? why
1. They created this huge bubble of real estate, where housing prices are at extreme, no common man can buy a simple house in SF Bay area. How many native Californians and common people had to leave California. It's time for them to suffer and lose everything.
REEEE.reeee!
I know. But did you see that virus that thawed out in the artic due to climate change?
Why are people surprised by the $250k cap? That’s why you get more than one bank account if you’ve got over $250k. I’ve never had the “problem” of having millions of dollars but I’ve known about the cap since high school.
Why would you have $10m in one bank in one bank account. You can have 1 account with you, o w with husband, one with you and husband, one with you and kids. Just stupid to do
What she did
Good let it go under. Don't bale them out.
Funny how the bank mentionned they had to sell bonds at loss because of interest hikes than news at the end mention they failed because they were more at risk since they have startu-up busness models. They surely don't want to admit that there is a contagion on-going!
The whole banking system is a massive ponzi. 22 trillions of assets for 225B of holding. About 1% of funds…imagine having 5% of your population running to the bank tommorow to withdraw….
They are desperately attempting to firewall SVC contagion and cancel any tie-in to ESG Fraud as the First Bitter Fruits of Congress' 'Infrastructure' $lush Tax Credits THANK GOD exploded, before the SEC cleared commercial banks to invest our last life savings into these fake ESG ETF Vapor Fund frauds! Absolutely insane Congress provides $Ts in ESG Tax Credits!
Almost took a Tech job for an ESG startup with unexplainably high VC funding. But when I did due diligence, discovered a whole raft of 'ESG' start-ups, each with some obscure i-technology claim, but no certified bench test results! No pilot plants! Nothing! Then you realize that YOUR own life savings, are being diverted into ESG vaporware tax credit speculation.
(D)/(R) Congress Infrastructure Funding $T's is only for ESG speculation! It's not for Roads and Bridges at all! In fact in order to get any Road or Bridge Federal grants, a city or town has to agree to build low- or no-income minority housing … that includes for illegals! Then you have to locally fund their welfare, their police, and their education! 2020 was a NWO-WEF Coup!
Shannon Sharp! Help is on the way 🧢
Hindenburg and some hedge funds like Bill Ackman Pershing square capital could not see this happening while they were running shorts on Indian and Chinese companies that will most likely run them in losses. 😂 😂
It's time for investors of other banks to think about their investments.
good job Biden
Sam Bankman Fried FTX crook partially owned SVB. He is out of jail in San Francisco cashing out before everyone. Look it up
Isn’t this a Ponzi Scheme?
WHAT IF MAJORITY OF AMERICANS WITHDRAW ALL THEIR BANK SAVINGS TOMORROW?
If a large number of Americans were to withdraw all of their savings from banks at once, it could potentially have significant implications for the banking system and the broader economy.
Banks use customer deposits to fund loans and investments, so a sudden and significant decrease in deposits could limit their ability to lend money and finance economic activity. This could lead to a contraction in credit markets, reduced investment, and slower economic growth.
Furthermore, if everyone were to withdraw all their savings at the same time, there may not be enough physical cash to meet the demand, which could lead to long lines at banks and ATMs, and potentially even a cash shortage.
It's important to note, however, that it's unlikely that a large number of Americans would suddenly withdraw all of their savings at once. Even during times of economic uncertainty, many people rely on their savings for emergencies and daily expenses and may not have the means to withdraw all of their funds at once.
In any case, it's important to be cautious and informed when making decisions about your finances, and to consider the potential risks and consequences of any actions you take.
WHAT IF AMERICANS LOSE THEIR TRUST ON BANKS?
In general, people's confidence in banks can be influenced by a variety of factors, such as economic conditions, bank policies, and regulatory oversight. If there is a perception that a bank is in financial trouble or is engaging in risky behavior, it could undermine people's trust in that bank and potentially the banking system as a whole.
That being said, it's worth noting that banks in the United States are subject to regulatory oversight and are required to hold a certain amount of capital to protect against losses. Additionally, the FDIC insures deposits up to a certain amount, which can help to mitigate the risk of bank failures.
Overall, the level of confidence that Americans have in banks may vary depending on a range of factors and individual experiences.
WHAT IS THE MAXIMUM AMOUNT THE FDIC PAY FOR EACH ACCOUNT?
The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, per insured bank. This means that if an insured bank were to fail, each depositor's account would be covered up to $250,000, including principal and accrued interest.
It's worth noting that the $250,000 limit applies to each depositor's accounts at a given bank, so if you have multiple accounts at the same bank, they are added together, and the total amount insured is up to $250,000. Additionally, if you have accounts at different banks, each bank is separately insured up to $250,000 per depositor.
The FDIC provides a comprehensive guide to deposit insurance on their website, which includes information about what types of accounts are covered and how to maximize your insurance coverage. If you have specific questions about your FDIC insurance coverage, it's a good idea to consult with a financial advisor or contact the FDIC directly.
HYPOTHETICALLY, WHAT IF THE SAVINGS WORTH $45M, HOW MUCH WILL THE FDIC REIMBURSE THE LOSES?
If an individual had a savings account worth $45 million at an FDIC-insured bank that failed, the FDIC would only insure up to $250,000 of the total amount. This means that the depositor would be reimbursed up to $250,000 and would lose the remaining amount that exceeded the insurance limit.
It's worth noting that there are ways to potentially increase the amount of FDIC insurance coverage for large deposits, such as by spreading the funds across multiple accounts or by using different ownership categories. However, it's important to consult with a financial advisor or contact the FDIC directly to understand the rules and limitations of deposit insurance.
In any case, it's generally recommended to spread large deposits across multiple FDIC-insured banks to maximize FDIC insurance coverage and reduce the risk of losses due to bank failures.
I guess it’s ok to rob the banks when it’s back in business 👨💼 lol
the Fed Government will probably offer the money back in the form of centralized digital currency, as a way to force us into a digital currency, digital ID and social credit system where they can track every penny you earn & spend. China already has this in full swing and it's total totalitarianism. They can literally shut down your spending, movements & drstry your life with one click of a button.
no one is thinking this bank is run by armature kids like FTX that is discrimination.