A group of 11 U.S. banks announced they’re making $30 billion in deposits to help shore up another ailing Silicon Valley area bank – First Republic Bank. Garrett Haake and Eamon Javers join Meet the Press NOW to discuss.
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#FirstRepublicBank #Bank #SVB
source
The banks overlaveraged the money by doing bad risky investments
I need some more of those welfare (stimulus) checks myself.
Republicans lowered regulations not democrats , Bernie warned us this would happen
just withdraw all your $$$ and keep it safe close to you. That insure FDIC is false.
Banks.
In Sinatra, Portugal there's a family bakery, hundreds of years old and their cookies were used as currency. I went their in a spontaneous road trip with orders for many hathoxes full of these little cookies to take back to Spanish grandmothers because I was studying in España. I never thought I'd believe you can use cookies for your currency until I saw it. The perception is more valuable than the reality of the present moment
“And it won’t cost taxpayers one dime”…
Joe biden, the dementiacrat in the white house, still wants to spend more MONEY after having to bail his billionaire buddies out in SVB😅
They have money to bail out these corporations, yet threaten Medicare and Social Security. WTF?
We spent all our money overseas. 🤡
It's not tax payers money 🤣🤣🤣🤣🤣😅😅
Who is going to bail out the US Government! That day will come, that I promise!
That's what Republicans are good at. Lowering bank regulations and then complaining about bailouts when they go bust but have no solutions except to complain.
l'm curious as to whether these multi-billion dollar amounts sent to First Republic were grants, zero-interest loans, or?
The more America watch is this type of commentary without hearing other varieties of commentary, Americo won’t get stupider.
So Banks are now socialist when they lose money.
One word to sum up 2023….Frustration.
🤣🤣🤣😂😂😂😅😅😅😋😋😏😏😏🤓🤓🤓….more US banks on the brink of collapse…PacWest, Zion…
Biden bails out his Silicon Valley supporters and Chinese buddies with working peoples tax dollars.
Keep voting Deomocrap sheep
We wouldn't be here if trump never signed that bill in 2018 to lessened regulatory scrutiny for silicon valley bank and other banks this out to show you that trump's intentions is to tear our economy and destroy our democracy
Capitalist in Profits and Socialists in Losses.
This is 'pumping' is money they printed out of thin air.
Their currency is back by nothing just empty promise.
When the world moves away from $ and to new world currency reserve they're evil behaviour and belligerence towards the world will end.
Obiden wants to see another 30B handed to Ukraine, and with NBCs help it may happen.
smell blood and attack. Thank you for not pedaling BS. Yellen has messed up. One republic wasn't rescued by their own. Their capitalists'. We just allowed for a hostile take over.
At this point, it would be much easier to list the companies and corporations that are NOT propped up with taxpayer dollars. History has proven that both Republicans and Democrats are diehard practitioners of socialism… they just like to point the finger at each other and claim the other one is more socialist.
This is called robbing their own bank legally by companies executives.
How come it is always US banks failed? Apparently,non-us banks don’t fail.
Any bank that hold low yield bonds or mortgages is in danger, and that’s every bank! 🤦
I just need about 5000 grand for a car and to pay rent deposit. I make 60k a year but I am still broke. My rent was raised 400$ month. I can save up a few thousand then medical or kids education soak it up. Please government bail me out.
Financial fraud Friday Janet yellen says Ukraine pensions are safe you can Bank on it only if you are a Democrat though stay calm your money's gone BLM will help with the Fed's fire sale
It all begins with accurate and honest reporting. Misstatements of financial reports will eventually catch up with these corporations at some stage and the result is a huge impact on the economy. Risk management strategy needs to be taken very seriously in a banking environment. The bank management must accept the responsibility for these cases, in SVB, Silvergate, Signature and Credit Suisse's recent case.
banks don't spend their own money. depositors will wind up paying the bill. thanks joetato
How to start preparing.
Take three days during the work week and turn off your electric and water. Make do with what you can and write down things you needed and didn't have or tasks that were difficult. After you have this list, research alternatives
Eat, wear and consume cheaper. Choose cheaper meals to create room in your grocery budget to put back food. Wear second hand clothes or put a spending freeze on clothes shopping in order to make room to buy what you'll need for the future (especially if you have small children who grow frequently). Consume less electricity, gas, propane by finding alternatives. This may mean using a crock pot, hang drying clothes, using candles at night and opening windows for sunshine during the day etc. With the wiggle room you've created in those bills you now have some money to buy more food storage, medical supplies or invest in a small solar unit.
Make an edc bag. This is something you will carry all the time (on your person or in your car) that could provide you with what you and your family need for 3 nights. Think about what you may put into an overnight bag if you were to stay at a hotel. This will ensure even if something happens and you're out you're able to shelter in place
Understand how to take care of medical emergencies at home. Remember that in a major event, ems could be down or unavailable for sometime. While this is never the first line of defense in an emergency, understanding how to manage medical emergencies (high infections, deep wounds, pneumonia, asthma attacks, shock, 2nd and 3rd degree burns, poisoning, radiation sickness, torn ligaments, allergic reactions, excessive bleeding) while you wait on help can be life and death.
Food, water, temperature control are your highest priorities. If faced with a major event where services are limited for more than 3 days, having stored food as well as a way to cook, a way to filter and store water, and a way to keep yourself cool or warm can be life altering.
Please remember as we are entering or for some of us are already in uncertain times, having this foundation gives security as well as lowers stress. It allows us to feel more in control and gain a more positive perspective on not only our lives but the world. I'm willing to answer any questions from my own experience in the comments if you feel overwhelmed!
bidenFLATION.
BILLIONS AND BILLIONS ….
Let them all sink…
How the FRB is going to pay back the $30B deposits if the liquidity crunch continues? Do they have any turnaround plan to improve its liquidity? It shows that all these banks, SVB, Silvergate, Signature, FRB have utterly failed to manage its assets and liabilities. So now what will happen to the top management of these banks who failed to perform their fiduciary duties? On the other hand, the rating agencies have cut the ratings of these bank to junk! Earlier they rated these banks as investment grade! Wow, even the rating agencies couldn’t foresee these liquidity problems? Now shouldn’t they be also asked to justify their rating actions?
The leaders are so effing heard of hearing. I want nothing to do with them. I only ask to opt out of paying my income tax. Whatever else they do. They can have at it.
Ever since 2008-2009, I have shouted NO MORE BAILOUTS!