Sheila Blair, former chair of the FDIC and author of the children’s book series, “Money Tales,” which provides financial literacy lessons to children, and Steve Liesman join Meet the Press following the failure of Silicon Valley Bank.
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#SiliconValleyBank #Bank #Economy
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PLEASE! Jail ALL those bankers.
Or;
Confiscate ALL that they possess and throw them out to live on the streets.
SAVE the depositors.
This is starting to sound a lot like those corrupt bankers in Lebanon.
They had time to prepare to sell shares 12 days prior
for all democrats out there, only the millionaire and billionaires of California will be taking care of by the banks. 💵 you will continue to work and be in debt…! 😧
"U.S. cryptocurrency firm Circle said it has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank."
"SVB's downfall has affected other firms as well. A bankruptcy document revealed that cryptocurrency lending firm BlockFi, for instance, has $227 million worth of uninsured funds allocated to a money market mutual fund offered by SVB. "
Playing around with fake coin will never end well.
NO BAIL OUT – to any Bank that caters STRICTLY to the wealthy. Their (greedy) CUSTOMERS paniced. and all deserve to lay in the bed they made. They are UNINSURED because their Deposits GREATLY EXCEED the FDIC's 250K safety net. FDIC is to protect depositors, NOT Speculators or Corps with poor financial practices.
Inflation is high ? Spend less and save your money !!
How many heads going be cut off if found if no criminal charges you think
Criminal charges will be happening believe me
Why do people with uninsured deposits expect to receive FDIC benefits?
+++++++++++ Trump did it see it on Wikipedia Silicon Valley Bank
In 2018, President Donald Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act, which repealed regulatory protections in the Dodd–Frank Wall Street Reform and Consumer Protection Act, allowing large banks such as SVB to avoid stress testing and cash-on-hand requirements. CEO Greg Becker supported the change
Now if everybody will move his money from the small banks to the big banks, than we will have the domino effect.
I hope we will not see the domino effect, in 2008 they thought it was only one bad apple they didn't take the time to understand the problem
+++++++++++++
Americans are dumb as bricks they always let the rich off the hook because they think they will be rich someday.
Sheila Blair, another one of the 2008 co-conspirators in the largest banking fraud ever perpetrated on the world, smiling and acting like she's all that and a bag of ships.
And yet no banker will go to jail. Welcome to America.
Sheila is one of the true heroes among our public servants.
I cant decide who is more corrupt, big business or politicians.
Friday they all got a bonus,Wednesday they were able to sell over a billion in stock,where's the Justice Dept? How many in congress got a heads up,just like pre covid and were able to dump stocks? 93% of deposits were above fdic insured 250k,and i as a taxpayer have to pay to bail out woke, rich,stupid people,who don't know what the fdic insurance is? This is a woke joke
GET YOUR MONEY OUT NOW THEY ARE GOING TO STEAL IT its all going down total colapse.
They absolutely are not going to let up and if they do they will have a replay of the 70’s
Crooks..bail outs coming again for the crooked rich and their friends. All funded by tax payers again.
How many members of congress had a stake in Silicon Valley Bank? America is now officially a kleptocracy. Crony capitalism was not corrupt enough.
cap punish fro bnk bosses
Don’t worry guys. Government will rise the “ceiling “ n bail them out as usual. Enjoy yourselves.
So everyone is going to be bailed out at SVB. ..even the big depositors….WTF?
This will encourage the banks to act rectless in the future.
Cheers guys. It's a crazy situation. I also just made a video about it.. explaining what's going on.
SVP had plenty of time to prepare for this . Fed has been raising interest rates since May 2022, & 1st announced its intention to raise interest rates in Q4 2022. SVP's management have been grossly negligent in not acting sooner to reduce their treasury bond holdings. They should have been reducing their bond holdings continuously during the last 18 months.
Could just be me but if I want my money back and the bank says hold up and is late on the request shouldn't we tag them for insufficient funds fees like they do when we're low on money or late on payments????
US GOVERNMENT DOES NOT OWN FED, FED IS A PRIVATE COMPANY OWNED BY TOP MASON BANKERS DOMESTIC AND GERMAN , DONT FOOL PEOPLE, THEY NAMED IT FEDERAL TO FOOL THE STUPID PEOPLE WHO LIVE HERE
Whatever! He’s gonna blame the fall of the bank on interest rates? Maybe get smarter staff, none of the other banks have this issue!
Liers
Why are we bailing them out? Let Wall Street bail them out
The US based investment bank Silicon Valley Bank financial group, which gave a sell report on SBI last month has defaulted and filed for bankruptcy.
What a joke. 😂😁😁😁
Best bank 3 days back. Now struggling to repay bond payments. 😁😁 What a gem by Forbes.
Just 4 months back JP Morgan also gave it 'Overweight' rating.
Says a lot about the hollowness of these so-called Rating and Credit agencies and Financial Institutions.
And Hindenburg …..just laugh 😀😀
Maybe this is a good thing !! Stop letting them mismanage . Double dip !!!
bs. They were already working with regulators. Hence, why Yellen able to discuss how they (both banks) were bailed out.
SVB still owns a lot of valuable assets and will get sold.
So there's no more 250k limit rule woohooo!!!
I would check the venture capitalists for shorting the bank stock before telling everybody to withdraw. Also check the bank execs for selling early before everyone else knew what was going on.
This former lady regulator caused 5.2 million people loose their houses in 2008…She was a disaster…She is the last person you want to have giving opinions today…She knows NOTHING about banking and finances, total ignorance in the flesh..
To save that bank , keep the FDIC away from it…
The top management were selling their stocks weeks ago . . . They knew the bank was going under!
Time to bail out the Woke Liberals again!
Woke Liberals = NBC News
It's a crazy situation. I also just made a video about it explaining what's going on. Cheers everyone!
They had time to give out bonuses to execs
As I have been seen in other videos and web pages. "Profits are privatized, losses are socialized." Tax payers will be paying for this one way or another. It's not just the government printing more money – there are economic consequences with creating money out of nothing.