William Cohan, author of “Power Failure: The Rise and Fall of an American Icon,” explains why he feels “tremendous empathy” for Silicon Valley Bank and Signature Bank clients. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch more at http://abcnews.go. com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #ABCNLUpdate #banks #signaturebank #siliconvalleybank #abcnews
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A few easy Remedies just to get started:
1. Abolish the Federal Reserve; it is illegal. No right-thinking person
Would pay someone else to print money for them, when they could do it themselves cheaper and have much better oversight and control of the product.
2. Abolish lobbying; it is bribery made legal by the Ruling class.
3. Abolish Admiralty Law: The Ruling class use Admiralty law to rule over a population that lives on the land. The citizens should be using Common Law.
4. Return the country back to a Sovereign Nation and return to the prior Constitution. The current Constitution changed America from a “country” into a legal corporation.
28 USC 3002(15)
5. Return to Federalism
6. Abolish the trading of bonds on Wall Street dealing with the “Strawman” via the
Cestui Que Vie Act of 1666.
She's so hot looking anchor.😘
Those looney toons think there no consequences of SVB ceo, cfo, etc. actions when they sold shares Before the bank went under AND informing SEC and regulators of this out of control crisis!
Financial crises is the price of Capitalism: the Racket; the Confidence Game… "Nero" fiddles while "Rome" burns
Canada has only four very large national/international banks. Two of which were founded in my hometown and one which is making a push into America. What do you think the TD in TD Bank stands for? The BMO in BMO Bank or RBC in RBC Bank? These small Mom and Pop banks in the American regions are the problem. Too small to get the economic base to keep from being squeezed when economic times get tough. Regulation and oversight keeps bad things like this from happening. Not "woke" or diversity that the Far Right hates.
Deregulate the banks, Wall Street, the railroads and air travel? This is what happens.
American Banking 101.
It's due to Russia Ukraine conflicts.
If only Trump was president.
And yet the wealthy play funny with the money and the middle class can’t get a student loan break! This country is full of sh&!
Nice sedway " It's a Wonderful Life", I liked that movie!
Those staff in SVB that took the bonus before the bank collapsed can consider taking a bribe.
Risk managers?
abc house of lies always
ty elon musk bring down the banksters and its media
Trump basically told these bottom feeder banks they could have at it
no we didn't agree to it the banks bribed their way out of regulations in 2018. While people were screaming at the politicians. What in the world are you doing
You guys are the talking heads of opinions. Take a stand. You use former informers of everything to make your insight. Laugh. Out. Loud. Not.
Another great accomplishment of the Delaware Dim Bulb.
Out of control inflation, food shortages, border crisis, rampant crime, etc. His accomplishments are overwhelming.
You put his brain in a parakeet, the parakeet would fly backwards. 🤣
I knew this was coming 🙏
It's called market manipulation. The government can't have a bank run and nation-wide panic and riots on their hands so they are printing money to reimburse the account holders in full in spite of FDIC rules, which is what they should do. Just don't accuse other countries of manipulating markets or sponsoring state-owned enterprises b/c you do it too.
In 2018, Donald 'Six Bankruptcies'' Trump signed a bill that axed regulatory requirements for regional banks with less than $250 billion in assets. "Under the new rules, such institutions no longer had to submit to 'stress testing' by the Federal Reserve and were no longer required to keep a certain amount of cash on hand to protect against the effects of financial shocks." Fifteen banks failed during Trump's tenure.