Treasury Secretary Janet Yellen said the government will remain vigilant and take additional steps as necessary to support the banking system.
Original source (ABC/Youtube)
Treasury Secretary Janet Yellen said the government will remain vigilant and take additional steps as necessary to support the banking system.
Original source (ABC/Youtube)
make sure you vote blue all you stupid ass dumbfucks..
😆 🤣 😂 😹 I'm homeless. Life hasn't felt better. I am not affected by this bank collapse at all. Hooray!!!! I guess all you who work are the most vulnerable in the population. 😆 🤣 😂
The Fed is playing with matches and fire. Once a bank run contagion begins, the Fed will not be able to put the bear back in the cage. The ensuing rampage caused by the credit freeze will be more impactful than a 30% increase in interest rates. And the dollar will end it’s supremacy on the world market.
"Continue vigilance"? So how did these bank failures happen? Someone has been asleep at the switch. How about "INCREASED vigilance"?
Sounds like people want regulations
Biden Boot Licker.
If you believe Janet Yellen—-I have a Bridge I would like to Sell you.
No worries about the working man the banks are ripping off of course
Jai Hinduja. If pensioners cannot get their money out, many will end up homeless.
Yhis is some how trumps fault Joe Biden 2024 right
Nation with more than 21 trillion dollar debt enjoying savings of hard earned money . Scam can't be hidden too long. Fall is imminent.
Shes old as dirt
The periodically bank failures have a name: The Yalmuka shuffle.
No bank wants to work any more
House of cards
disgusting
They are giving more bonus. Bout to just do another bank run
Oh good! Print more money and drive inflation even higher to save banks that have made bad choices! But we the people won’t be on the hook for it now will we?
The whole neoliberal Western economy is built on a financial house of cards. Where is the productive industry? That's right – it's in Asia! The Western economy is hollow, heavily financialized and leveraged. This charade has already been going on for 40 years. The lie can only be sustained for so long until the TRUTH finally catches up with it! Across the Western world, governments are saturated with debt, and in no position of ever paying for it, or fund their liabilities or promises to their people. Now, there is high inflation, energy crisis, bank collapses. It's going to be one rough ride to the bottom! The lie of neoliberal capitalism foisted onto the West by Reagan & Thatcher, then exported to the rest of the world at the barrel of an American gun is finished!
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
I watched banks go out of business my whole life. Sometimes it winds up in the news cycle and most times it doesn’t.
The collapse of Silicon Valley Bank, Signature Bank, Silvergate Bank and potentially Credit Suisse all have two thing in common: very poor risk management and high amounts of uninsured deposits. Yikes! I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
This is good news! There’s certainly been odd goings on with regional banks in my state of Alabama throughout my lifetime. The stately brick Colonial Bank near the K-Mart was a familiar sight growing up in Roebuck, part of east Birmingham. My parents used Colonial Bank. Later, it failed massively. In my college years, I chose to stop banking with Regions after an account that I left with a balance of about $20 was mysteriously charged with multiple fees. Regions was recently sued over excessive fees so I’d say I made the right choice.
Rich people always making it seem like their problems are everyone else’s problem. Don’t worry, the govt always has your back and will bail you out. Never if your working class
It's game over for the banks
Never trust a gambler with your money 💰