SVB is the biggest bank to fail since the near-collapse of the financial system in 2008 and Treasury Secretary Janet Yellen says they’re “closely tracking” developments.
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Biden administration cares more about starting WW3 with Russia so the nukes will make this all go away.
Lemme guess… It's Trump's fault?
There will be ripple effects. IYKYK
Thanks to President Trump. The bank is now bankrupted.
storm in a teacup. Aim: panic
Joe is on a winning streak. Biden scores again!!!
MELTDOWN
Certain U.S. banks and money laundering operations in Central America are in a state of panic as Alliance Military Special Forces are in the midst of arresting 64,000 members of the CIA's MS13 cartel for drug and human trafficking.
In short the Fed was competing with SVB, at near 4% why would anyone buy expensive bonds that SVB had to offload to raise cash.
you reap what you sow. sanctions against Russia leading to hyperinflation causing banks to fold
This bank was specialized bank for start ups so it invested in long term bonds while interest rates were low. Now that interest rates are up the bonds lost value and the bank has to sell on market at a loss for the investors that we’re pulling their money out.
Needlessly to say SVB had a ton of cash it was sitting on and couldn’t invest in short term bonds to make money off of the cash it was sitting on.
I don't think anyone is surprised to see the Big Banks failing….
. The question is how bad is it going to get & who can the democrats blame?
Only a 2 min video. Go figure. Orange man bad. Video 20 minutes
Screw the Democrats white house.
Inflation is OUT OF CONTROL !!
VOTE REPUBLICANS, JUST LIKE THE MIDTERMS !! LIFE WAS GOOD UNDER TRUMP
WHAT IF MAJORITY OF AMERICANS WITHDRAW ALL THEIR BANK SAVINGS TOMORROW, 3/13/2023?
If a large number of Americans were to withdraw all of their savings from banks at once, it could potentially have significant implications for the banking system and the broader economy.
Banks use customer deposits to fund loans and investments, so a sudden and significant decrease in deposits could limit their ability to lend money and finance economic activity. This could lead to a contraction in credit markets, reduced investment, and slower economic growth.
Furthermore, if everyone were to withdraw all their savings at the same time, there may not be enough physical cash to meet the demand, which could lead to long lines at banks and ATMs, and potentially even a cash shortage.
It's important to note, however, that it's unlikely that a large number of Americans would suddenly withdraw all of their savings at once. Even during times of economic uncertainty, many people rely on their savings for emergencies and daily expenses and may not have the means to withdraw all of their funds at once.
In any case, it's important to be cautious and informed when making decisions about your finances, and to consider the potential risks and consequences of any actions you take.
WHAT IF AMERICANS LOSE THEIR TRUST ON BANKS?
In general, people's confidence in banks can be influenced by a variety of factors, such as economic conditions, bank policies, and regulatory oversight. If there is a perception that a bank is in financial trouble or is engaging in risky behavior, it could undermine people's trust in that bank and potentially the banking system as a whole.
That being said, it's worth noting that banks in the United States are subject to regulatory oversight and are required to hold a certain amount of capital to protect against losses. Additionally, the FDIC insures deposits up to a certain amount, which can help to mitigate the risk of bank failures.
Overall, the level of confidence that Americans have in banks may vary depending on a range of factors and individual experiences.
WHAT IS THE MAXIMUM AMOUNT THE FDIC PAY FOR EACH ACCOUNT?
The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, per insured bank. This means that if an insured bank were to fail, each depositor's account would be covered up to $250,000, including principal and accrued interest.
It's worth noting that the $250,000 limit applies to each depositor's accounts at a given bank, so if you have multiple accounts at the same bank, they are added together, and the total amount insured is up to $250,000. Additionally, if you have accounts at different banks, each bank is separately insured up to $250,000 per depositor.
The FDIC provides a comprehensive guide to deposit insurance on their website, which includes information about what types of accounts are covered and how to maximize your insurance coverage. If you have specific questions about your FDIC insurance coverage, it's a good idea to consult with a financial advisor or contact the FDIC directly.
HYPOTHETICALLY, WHAT IF THE SAVINGS WORTH $45M, HOW MUCH WILL THE FDIC REIMBURSE THE LOSES?
If an individual had a savings account worth $45 million at an FDIC-insured bank that failed, the FDIC would only insure up to $250,000 of the total amount. This means that the depositor would be reimbursed up to $250,000 and would lose the remaining amount that exceeded the insurance limit.
It's worth noting that there are ways to potentially increase the amount of FDIC insurance coverage for large deposits, such as by spreading the funds across multiple accounts or by using different ownership categories. However, it's important to consult with a financial advisor or contact the FDIC directly to understand the rules and limitations of deposit insurance.
In any case, it's generally recommended to spread large deposits across multiple FDIC-insured banks to maximize FDIC insurance coverage and reduce the risk of losses due to bank failures.
So much for the safeguards from 2008.
Inflation diminishing savings, banks collapsing, toxic trains crashing, hundreds of billions to Ukraine… Democrats suck!
Americans dont trust this Administration
The Biden administration has lied to the American people many times. Let's go Brandon
IF BIDEN DOESN'T SAVE THOSE TWO NAIVE BANKS FROM TOTAL DESTRUCTION, THE GLOBAL FINANCIAL SYSTEM WILL GO DOWN THAT TOILET AS WELL ALONG WITH THIS ADMINISTRATION!!
The Feds take in 5 trillion and then spends 6 trillion…yep, that’s who to call.
There is no China nor Russia to bail US out anymore like in 2008 by buying her stupid debts. Now, its up to US allies like UK, European countries and Japan to do their parts so that their big brother do not go down as this will be the start of a domino effect. US will need to print more money and increase the interest rates to make her debt attractive and Americans and Europeans shall foot the bail this round. 😁
I Blame Trump for this
😂😂😂😂😂😂😂😂😂😂
Oh God, please no bailouts just let Capitalism do it’s thing, the bank is bust just let another come by and take its place
federal regulators were successfully lobbied by svb for an exemption to dodd-franks laws put in place to prevent bank collapses.
First Cryptocoin Dev: "Hey, want to exchange your hard earned money for fake digital money?"
"No"
"Well, its tradable so you'll have charts and based on our chart that we drew with the buyer and seller being ourselves, the price have gone up. You might miss out on possible future price increase."
"What's the benefit?"
"Well, you can buy the fake digital money and send it to someone else. And if that someone else manages to sell the fake money to a greater fool at or above your cost, then its basically remittance without the fees."
"What if the price goes down?"
"Then you HODL"
"HODL as in How Only Dimwits Listen?"
"No, HODL as in a misspelling of HOLD because we can't legally tell you to hold an illegally issued digital security masked as currency when prices are clearly going down due to it being intrinsically worthless"
"I'm sceptical"
"Our fake digital money will be limited in quantity but the kinds of fake digital money is unlimited. In fact, it's open sourced. Anyone can make their own fake digital money. Just change the name a little."
"I don't buy the premise"
"But don't you hate the government spending beyond their means and printing money and eroding the value of your savings"
"Yeah"
"Well, you're in luck because we're not the government. Putting your savings in fake digital money will erode the value of your savings. But thank God we're not the government. We're decentralized so we can avoid legal regulations and responsibilities. When you lose all your savings, you'll have no way of getting it back"
"I don't catch your drift"
"Well, we built scientifically the most energy intensive mechanism that just simply store the data of who owns the fake digital money. This way, we get to destroy the environment as well! We sure pushed the boundaries of what is possible."
"That sounds terrible"
"Yes, but we named it after cute animals"
"Like what?"
"Doge"
"Sold! Here take all my money!"
Glad to see America crashing and burning with the geriatric pretend potus in charge.
REPEAL 19TH AMENDMENT
Didn't your mommy and daddy tell you when you were kids to be cash heavy..
A President who has zero real world business experience & a Treasury Sec who appear tb residents from the same nursing home, the U.S. cd be in big trouble
👀👀👀👀
Obama 8T debt ..Trump 16T debt. Biden 32 Trillion debt. ..X
8 years.. 4 years ..2 years ..Y
Projection of X and Y ? 64 and 1 😁..
Biden needs another 32 Trillion in 1 year ..
Get Woke, Go Broke.
Vote Blue, no more money for you.
Joe has a 6.8 Trillion dollar plan to save America from MAGA
Another liberal success!
Thanks a lot Biden.