@@elenayoung9703 The 1% who create most thousands of the jobs where employees pay state and income taxes and property taxes as well as spend their money in the economy. No one ever talks about that
Silicon Valley Bank Fails After Run on Deposits The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday. The failure raised concerns that other banks could face problems, too. By Emily Flitter and Rob Copeland - March 10, 2023 3:03 [The New York Times]
Regulators were asleep at the wheel. Why should companies who kept more than $250K be made whole? They knew the freaking risk One a regular person be made whole? NO
The "REGULATORS" were wide awake and saw the red flags as they popped up, but chose to ignore them, just like they did when red flags began popping up during Bernie Madoff's reign of fraudulent activity. History is repeating itself.
What about the Bank CEO and others that sold millions and millions of dollars worth of SVB stock just days before this collapse. They obviously knew this was coming.
The cheap money gravy train that kept money losing CV "startups" going for years without a clear path to profitability has derailed like a Norfolk Southern freight train.
I never heard of this bank before , judging from the startups of these companies. Sounds like they were giving out free money to people from other countries
Stop bailing out these irresponsible banks. The American government needs to care about its citizens before sending money to foreign interests. Shameful.
Nah, just add it to the national debt, No living tax payer will ever be paying a dime of this. They pass this gift on to their children. Isn’t life wonderful for boomers?
The FDIC and other federal finance agencies are oblivious and won't see this as a possible trend. That's incredibly dangerous to be so ignorant. Even to look at all banks, especially those bailed out banks who got help, while American suffered extreme financial hardships (from being middle class to poverty) and many who are still struggling. Big banks don't need to worry how bad they do business or keep records. The government will save them. I hope this bank doesn't get a bail out, because the customers won't be getting any help. People need to be indicted. The government only protects the wealthy. That needs to stop ASAP. The middle class is the backbone of this country and that is slowly shrinking. Oh, into poverty.
2:12 Don't put money in your mattress or bitcoin yet the bank won't let you have your money? GTFOH! If those people had crypto on a cold storage ledger, their money would be safe. Use banks to pay bills, not store large amounts of money.
We as non-wealthy need to speak out clearly and succinctly to let Washington know that the middle class and working poor aren't going to be bailing out wealthy banks or wealthy corporations/businesses anymore. We need the help. Not the wealthy.
More like your economics . A almost 90 year old men who has no ties to the banks founding or start up that we know of has no responsibility to its downfall but again your brain cells are about as wild as bidens constant falling 😂
this bank was trying to support it's self by selling off stocks and treasuries. They are now selling at a loss because of inflation. The inflation is from the high consumer demand for goods which cannot be met by manufacturers. The demand can't be met because of the lingering transportation snarls, layoffs and shutdowns that were a result of the covid 19 epidemic. Since the demand can't be met, producers can charge more for goods. Combined with the huge amounts of cash injected into the economy during the epidemic, brings us to what is happening here. Now who was running things when all that happened? 96% of this banks assets are in tech and healthcare sectors which are extremly high risk. They were over involved in risky ventures using risky practices to conduct buisness and they got caught out. They did it to themselves.
@@jonnie2bad I find it strange that tRump gives the businesses billions in tax breaks and there is no issue with the amount of money being spent and when the money goes to actually help the common man all of a sudden the world is on fire. Go figure.
Silicon Valley Bank fails in largest bank collapse since 2008 crisis US regulators seize SVB’s assets after a run on the bank, as global institutions monitor situation closely Kalyeena Makortoff; Kari Paul - Fri 10 Mar 2023 0:39 [The Guardian]
Hahaha. Yes…everything is alright. Nothing to see here. Don’t take your money out. Don’t buy hard assets. Keep your money in the trusted banks. Seriously how foolish.
I wonder how many laid off tech workers withdrew their money. The sad and scary part of this story is that they didn't. mention how, when this collapse happened? It just didn't happen yesterday or last week. So give up t he time line of events that collapsed this banks so that we as consumers can monitor out banks instead of the non-existent "stress tests" that FAILED!!!!!
That was a WSJ rep....did her response to the last question even made any sense? Naught! Once I found out who own the WallStreet Journal...I never trust it ever again! Hint: Same guy who owns Fox and News Corp - Rupert Murdoch!
The bank, which had $209 billion in assets at the end of 2022, had been working with financial advisers until Friday morning to find a buyer, a person with knowledge of the negotiations said. 18 hours ago [The New York Times]
The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals. 4:56 [Investopedia]
they were probably owing for more than 4 years they were using the gravy train method , living and surviving off customers money meanwhile they already i nna deep whole , thats how most keep there business running
. ( 2 ESDRAS ) 11 : 39.. "Art not thou it that remainest of the four beasts, whom I made to reign in my world, that the end of their times might come through them" ? ( 2 ESDRAS ) 6 : 9.. "For 'E'-s-au' is the end of the world, and 'Jacob' is the beginning of it that followeth".
2:22 crazy how fast government will go to work when it's the 1% that want help.
Or 100B to Ukraine?
But that 1%may affect a lot of people
@@sunrisesunset7That’s just a cover up to give money to rich people don’t you know that lol
@@elenayoung9703 The 1% who create most thousands of the jobs where employees pay state and income taxes and property taxes as well as spend their money in the economy. No one ever talks about that
@@sunrisesunset7 totally agree
Get your money out, before another bank fail
Silicon Valley Bank Fails After Run on Deposits
The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday. The failure raised concerns that other banks could face problems, too.
By Emily Flitter and Rob Copeland - March 10, 2023 3:03 [The New York Times]
Regulators were asleep at the wheel.
Why should companies who kept more than $250K be made whole?
They knew the freaking risk
One a regular person be made whole? NO
The "REGULATORS" were wide awake and saw the red flags as they popped up, but chose to ignore them, just like they did when red flags began popping up during Bernie Madoff's reign of fraudulent activity. History is repeating itself.
SVB’s internal, risk based auditors and compliance officers had to be aware that the assets were not diversified.
Pacific Western Bank, Signature Bank, WA Bank, First Republic Bank.
yup
Worst than LehmanBrother ($106 billion) in 2008.........
Brace for impact
Would you have to factor inflation from '08 to '23?
@@jamesr2888
Base on inflation $106 billion in 2008.....worth in 2023 $150 billions
SVB shut down.....at risk:
$212 billion assets
$74 billions loans
$342 billions clients funds
What about the Bank CEO and others that sold millions and millions of dollars worth of SVB stock just days before this collapse. They obviously knew this was coming.
The cheap money gravy train that kept money losing CV "startups" going for years without a clear path to profitability has derailed like a Norfolk Southern freight train.
You win. 🏆 😂
The whole thing was planned.
nice analogy
I never heard of this bank before , judging from the startups of these companies. Sounds like they were giving out free money to people from other countries
Stop bailing out these irresponsible banks. The American government needs to care about its citizens before sending money to foreign interests. Shameful.
Taxpayer will get the bill. Count on it.
Nah, just add it to the national debt, No living tax payer will ever be paying a dime of this. They pass this gift on to their children. Isn’t life wonderful for boomers?
Boomers want to pass money to their children. At least I do.
Janet gave your money to Ukraine.
And it will have a domino effect soon..
they use the word ‘ripple’, not by accident. the media is priming people for something “ripple” related
👏👏👏
Be very careful, they want you calm. I was out for 10 days with a deposit. The banks aren’t like they used to be. Wake up
run baby run
Wake up and get your money out of the BANK!!!
People should not dispair! Help is on the way to Ukraine!
Sadly you’re spot on.
🤣🤣
The federal government is such a responsible organization. I’m glad they are never held accountable. 🎊
Don’t be surprised if other banks follow suit.
So what? I say “Bring it on. Do your worst! I will do mine.”
The FDIC and other federal finance agencies are oblivious and won't see this as a possible trend.
That's incredibly dangerous to be so ignorant. Even to look at all banks, especially those bailed out banks who got help, while American suffered extreme financial hardships (from being middle class to poverty) and many who are still struggling. Big banks don't need to worry how bad they do business or keep records. The government will save them. I hope this bank doesn't get a bail out, because the customers won't be getting any help. People need to be indicted.
The government only protects the wealthy. That needs to stop ASAP. The middle class is the backbone of this country and that is slowly shrinking. Oh, into poverty.
@@martina5296 this will effect all banks . It doesn’t matter if your poor or rich 🤑 hello!!
@@martina5296 The government will save them? I hope you aren’t referring to the government that’s currently $32 trillion in debt .
Get ready for DEPRESSION!!!
Black Monday coming Soon 03/13/23 !!!
2:12 Don't put money in your mattress or bitcoin yet the bank won't let you have your money? GTFOH! If those people had crypto on a cold storage ledger, their money would be safe. Use banks to pay bills, not store large amounts of money.
CRYPTO is another scam. Wakeup! Geeez...
This would be an amazing weekend to own a bar/liquor store/dispensary in the Bay Area. Gonna be a loooooong and stressful weekend.
People will never learn from history
She said few banks, SVB is just one that will fall
The first domino.
Woohoo! Gold prices shot up almost 50 bucks an ounce, I made 2k in a day.
Banks that can not hold money should not be called banks.
no bailouts for the rich.
We as non-wealthy need to speak out clearly and succinctly to let Washington know that the middle class and working poor aren't going to be bailing out wealthy banks or wealthy corporations/businesses anymore. We need the help. Not the wealthy.
Have any federal officials pulled out of SVB in the past two weeks?
Its ok, we sent the money to Ukraine. (along with hardware)
And Israel…….Who cares about Americans or our homelessness! 😢 😭
Janet Felon cracks me up...
Biden’s great economy
Do you live under a rock? The economy is doing great under Biden. Unemployment at 50 year lows.
Bidenomics
More like your economics . A almost 90 year old men who has no ties to the banks founding or start up that we know of has no responsibility to its downfall but again your brain cells are about as wild as bidens constant falling 😂
this bank was trying to support it's self by selling off stocks and treasuries. They are now selling at a loss because of inflation. The inflation is from the high consumer demand for goods which cannot be met by manufacturers. The demand can't be met because of the lingering transportation snarls, layoffs and shutdowns that were a result of the covid 19 epidemic. Since the demand can't be met, producers can charge more for goods. Combined with the huge amounts of cash injected into the economy during the epidemic, brings us to what is happening here. Now who was running things when all that happened? 96% of this banks assets are in tech and healthcare sectors which are extremly high risk. They were over involved in risky ventures using risky practices to conduct buisness and they got caught out. They did it to themselves.
@@jonnie2bad I find it strange that tRump gives the businesses billions in tax breaks and there is no issue with the amount of money being spent and when the money goes to actually help the common man all of a sudden the world is on fire. Go figure.
Scary domino affects could spread out by massive layoff during the downturn if not fallout by the Silicon Valley.
Grandma Yellen will save us! Her ancient skills will come in handy!
@@Monkehrawrrr Grandma Yellen and relic Feinstein should both be sharing rooms in the Old Folks Home
@@tomfinland9572 Can we get some really smart 45 - 55 year olds in politics please? Why is it always people wayyy past their prime and almost dead.
The Tempe , AZ branch employed more than 700 people. They are out of jobs right now.
R I P CALIFORNIA LOOOOL
shouldnt have voted for biden :D
I bet the Aussie pulled all his money.
SBV CEO Greg Becker was board member of the Federal Reserve Bank of San Francisco right before the bank’s collapse. Is that just a coincidence?
It's the end of times !!!! Greed...
Wow she is such suspended animation i feel better now
Silicon Valley Bank fails in largest bank collapse since 2008 crisis
US regulators seize SVB’s assets after a run on the bank, as global institutions monitor situation closely
Kalyeena Makortoff; Kari Paul - Fri 10 Mar 2023 0:39 [The Guardian]
If I was on the verge of losing my house due to my poor investments, government wont help me. Yet when a major bank does it, they could get a bailout.
Do the research and learn about “Bail in’s”. 😮
Hahaha. Yes…everything is alright. Nothing to see here. Don’t take your money out. Don’t buy hard assets. Keep your money in the trusted banks. Seriously how foolish.
Where the audio?
Stressed testing the depositors? Please send stimulus checks to save the economy. Inflation is better than depression.
Valley Girl says: I need to withdraw my COSH.
Lol to pay for what? A Birkin bag on sale?
Banks want that housing bail out money
Making a run on the bank is never a good idea
Get my hankie. Silicon Valley helped create the mess we're in, so not feeling sorry considering how stupid SV has become.
I wonder how many laid off tech workers withdrew their money.
The sad and scary part of this story is that they didn't. mention how, when this collapse happened? It just didn't happen yesterday or last week. So give up t he time line of events that collapsed this banks so that we as consumers can monitor out banks instead of the non-existent "stress tests" that FAILED!!!!!
@@martina5296 Check the dates that the C-Levels sold their shares.
@@martina5296 None of these banks are solvent. Nothing has changed since 2008.
2:10 ... That's a Slave.
You don't have to do anything, that's when you're free.
What about bail in option? Let the depositors save the bank.
This sounds like an idea invented by bankers. 😂
@2:14 those are definitely better options then sticking money into collapsing banks
Audio poor on guest's side.
That was a WSJ rep....did her response to the last question even made any sense? Naught! Once I found out who own the WallStreet Journal...I never trust it ever again! Hint: Same guy who owns Fox and News Corp - Rupert Murdoch!
No one in this administration portrays any level of competence. This is just another 🤡show
Fractional reserve banking never was a good idea.
ALL LIARS!
Couldn't happen to a better bunch of people...lol.
The bank, which had $209 billion in assets at the end of 2022, had been working with financial advisers until Friday morning to find a buyer, a person with knowledge of the negotiations said. 18 hours ago [The New York Times]
The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals. 4:56 [Investopedia]
OH YOU SHUT UP, MICHAEL THE TRUMPSTER FREAK!!!!!
Build back better.
As long as the Bank of Ukraine is a safe haven !
2008 part2!!!
Another bank will likely buy Silicone and it will be a transparent transition for 90% of customers.
Buy AMC!
Hornet or Gremlin?
they were probably owing for more than 4 years they were using the gravy train method , living and surviving off customers money meanwhile they already i nna deep whole , thats how most keep there business running
Washington will bail them out.
Money printer goes brrrrrrrr!
@@E_Clampus_Vitusyes
Sacramento legislator's need to cover capital beyond $250k with Republic 🏦 of San Francisco as the "new proprietor" ..... soon. 🤔
No way I'd have 250,000 in any bank.
The Jive the Jive is gonna get thick put on your dancin shoes
‘Analysts’ my arse. Didn’t warn people this was coming did they?
Got cash….right? Real $$$.
Good luck trying to get your money back if you have more than 250thousand your f_____"ked !!!!!!!!
Thanks for coughing into the mic 🎤
Janet is as obtunded as JoJo.
bail out...
. ( 2 ESDRAS ) 11 : 39.. "Art not thou it that remainest of the four beasts, whom I made to reign in my world, that the end of their times might come through them" ? ( 2 ESDRAS ) 6 : 9.. "For 'E'-s-au' is the end of the world, and 'Jacob' is the beginning of it that followeth".
OMG Becky.......... Valley Girl much?
Covid 4:56
the california booming green economy lol
Furbait
tkaek kyour give anudil on them give mysefl mroe power. what else yep and then reasontv!!!!!!!!!!!!!!!!!!!!!!!!!
Fake,
Bad coverage.
Get your money out of the banks people!
THEY PUT WOKE PEOPLE IN CHARGE AT THIS BANK.....PEOPLE MADE THE CHOICE TO PUT THEIR MONEY IN THAT BANK..... WHAT DID THEY EXPECT?
bail ins are coming
Oooooooo... it's starting!!!
yup
Bums hope they lost all that money greed
Another tech scam.
Same old same..... BAD LOANS
janet yellen is a talkin corps man...why is she in that position ?!
juw