ABC News’ Mona Kosar Abdi joins from a Signature Bank location in New York City where she reassures customers their money is safe. SUBSCRIBE to ABC News on YouTube: https://bit.ly/2vZb6yP Latest Updates: http://abcnews.go.com/ Watch FULL EPISODES on Hulu: http://abcn.ws/3bzvQQn #news #signaturebank #money #banks #abcnews
Original source (ABC/Youtube)
Our government is failing at every level and in historic fashion.
We spend trillions on government and yet not one of the agencies we fund is able to spot massive financial issues.
Janet Yellen flies around the world preaching about climate change and social justice while our monetary system is collapsing.
We are in a recession and the government is spending at historic levels.
We have a government run by idiots so we should not be suprised the banks are failing, inflation is soaring, millions of illegals are flooding across the border and we are inching close to nuclear war.
We need calm, rational and sane leadership. The issues we have to deal with are real and require sound minds and competent thinkers.
You are all going to pay it with taxes, not your accounts or whatever lol
Anyway you are all fucking idiots
https://www.youtube.com/watch?v=tdB-cjcabvs
This video about banking makes sense.
Bitcoin was made for times like these.
Gave 73 million to BLM scam leaders that lived a luxury lifestyle. That shows you where their financial minds were. GO WOKE, WENT BROKE. Stupid people
Killin anyone with over 250k lol never trust banks. David is a hard learner.
I'm not at all worried because my President John Biden told me not to, and that he's got it under control … Now if you'll excuse me, I must go and receive my psychotropic medications and then take my nap. We're getting tapioca pudding for lunch!
The bank no customer and people no anymore shopping , broke the capitalism policy . Boden try praise money to his voter ,don't blame anyone else about cacelled debt student and nobody pay taxs anymore
Bank operation is based on confidence only,
Once people understand how bank operate,,people will rush to get their fiat currency.
Real money only gold and silver
How is it not another bank bailout? We were told after the last banking crisis this couldn’t happen again
People called me crazy when I predicted that SVB will collapse and that it wont be the only one…
this is what happens when you let a know nothing muppet like tRump run the country, the fool deregulated banks, stripped the frank act apart and here we are, thanx a lot tRump
Let's go Brandon!
What do you think is next? War economy? And either way more medical malpractices and nothing gets right? Not even me having a chance at getting drafted, right? Because the State of New Jersey and Pennsylvania and more ain't done yet? With their medical malpractices and false imprisonments and corruptions and discriminations and medical fraud via Medicare and Medicaid, right?
I do not believe that that lizard person is telling the truth his skin is glowing white ranch color it too unreal
Real things is where is Hindenburg and their fairy tales ?
Lesson from the incident : don't throw stone to other when you also live in glass house.
The PROBLEM with liberal american news is that it is NOT reporting the main problem. That china has and is still selling the 1.2 TRILLION US bonds and Americant treasury assets. China is at cold war with US and trying to harm the US. There are many US banks , and US businesses who loves to invest in china products and now paying a high price of china dumping and recalling all US investments. This is being reported all over Asian news, in Hong kong, Taiwan, Japan. But, the American liberal news REFUSES to report this. The lesson should be : NEVER invest in china the enemy, NEVER buy anything from china the enemy!! China is out to harm you. If you don't understand this. Then, you have no business in the business world!!
Better buy bitcoin people.
Bitcoin is safer than banks.
Change the policy to recover the economic
Someone hacked in my Citibank account and wired all my money out and Citibank won’t reimburse my money and silent about it & I’m a 10+ years customer of them what a shame
So will there be many more of this?
More ridiculousness ever sence joe got in, build back better didn't age well
When they have to reinsure you that everything is safe it’s because its probably not…
It's the domino effect … prepare for the end of banking in America.. it's the big SHTF. people will panic just like they did with toilet paper when Covid-19 hit… The bank runs have already started so go get your worthless paper out of the bank. Crypto will disappear in one button push… NICELY DONE
B – BRAINDEAD
I – IDIOT
D – DESTROYING
E – ENTIRE
N – NATION
Something big this way comes, grab your Bibles and guns
I remember when saying this feels awfully close to 2008 and people called me a an idiot because we wouldn’t see a repeat. Now we are probably going to experience an even worse situation in the coming months. Also all the people that thought I was crazy for having a Roth IRA instead of placing all of my extra money into a 401k. Guess we’ll see who was more prepared in the near future.
This is the democrats fault.
What a stupid commercial on TV. Did you waste your money on that!
“WOKE go broke!
Thanks biden
Don't forget FTX
I liked how they questioned the one guy who was making a deposit.
What kind of reporting is this? Ridiculous
CAN YOU SAY KLAUS SCHWAB!!!!
What do reps think about a dems now .the rollback caused train wrecks and now people losing money.
2008 bank collapse Biden in office , 2023 bank collapse Biden in office , stop the build back better and just put it back like you found it
Damn sucks to b a far leftist not only is our economy beginning to collapse but trump is back to making mean tweets on twitter
Thank God BIDENOMICS has the money, backing & power to reimburse millionaires who lost more than $250k in the first of many bank failures!
"Too Big To Fail" just became a LOT smaller!
❤️🙏
Y'all ready to give up your hard earned money to bail these morons out?! Biden said he wouldn't than four hours later started making deals with these clowns… Whoever voted for Biden. You did this, hope you're happy about that…
Bankers have this attitude that they can gamble like Diamond Jim Brady and get fat when they win and then the tax payers pay up when they lose. What a great country. We’re so stupid nobody complains. STUPID!
Answer seem simple. Closure of bank happens due to emergence of non banking financial institution, Private lending by way of business which provide hasten services and giving out loans with less formalities to do of paper work or scrutiny. The market economy regulator must evolve with stringent opening and carrying business of financing except by Bank. I hope this will be one solution sustaining the bank. Also, It’s not only about having NPA with the bank that will lead to closure of Bank as there is a mechanism for such recovery and also to scrutiny of having solvency of borrower while sanctioning loans. Now adays it is observed that private companies loot government banks by way of loan in the name of business and projects. Government must change the notion of giving loan to business man or a project contractor.
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Its the beginning of the downfall of the USA.
The thing about modern bank runs, you do not see people queuing in front of the banks to withdraw their money. It is a digital world now. People make money transfers and payment transactions digitally. Money in bank can depletes in seconds. No one can tell which bank is next until it is too late. Bank runs are invisible now. You can have policies set to save people after bank failures. What policies can prevent bank runs and bank failures? How many banks you can protect and what's the budget's cap?
"…wri'en?" It's "written". You are on ABC. Please speak English professionally.
But bro! Biden!