I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted high six figures.
’Susan Bauer Normansell’ is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, look - her up .
Few people nowadays in government give me as much confidence and a sense of ease than Katie Porter. Extremely astute, incredible with numbers and an all decent "normal" person. A single mom with kids. You don't mess with a loving mom. She is the real deal. President one day, after her upcoming stint in the senate?
@@37Dionysos "Katie Porter supports continued U.S. aid to Israel, but also advocates for a “tough-love approach” that aims to help Israel become strong and secure, and to bring peace and stability to the region. Porter has also condemned the recent surge of violent attacks in Israel that killed five people in a Tel Aviv suburb." In other words, she actually has a balanced and nuanced stance regarding Israel, far from "suddenly supporting racist Israel".
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
@@jamesmarcus4105 An uptick in volatility is not necessarily a bad thing, there are opportunities to be found even in this whirlwind. Best advice just get yourself a coach to guide you in this current market
@@Alessandroabbatecola Yeah I agree, I assumed had a hang of the market at first, gained $50k one year and I was super elated, not until I stumbled upon a portfolio-advisr whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I nettd a whooping $280K during this dip, that made it clear there's more to the market that we avg joes don't know..
I blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
The current situation is incredibly dire for people in the United States and other countries. The global economy is facing a significant downturn, with increasing inflation rates and unemployment figures.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach'Corinne Cecilia Heaney , seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted high six figures.
Corinne really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
CEO and others sold their stock options/stocks a few weeks ago. They most likely knew what was going on. Feds must not allow insiders to reap benefits from this. Other shareholders (including our mutual funds etc) lost their money
The CEO was also an board member for the SF Federal Reserve, until Friday. So it's basically impossible for the FED to not have known this was happening.
that's what they told us of Biden. The least we need is another buyer's remorse. We can try Kamala. I heard she did a terrific job in the southern border.
She wants to run for Senate. I'll go with her. She does more for the average person. I love it when she brings out her whiteboard when she is interviewing a CEO. She does her homework is ready to counter any claims a CEO makes.
@digitalconsciousness No. More like her are needed in all levels of government, especially the U.S. Senate and Congress in order to finally get bills passed that will help the majority of Americans.
It's great seeing that there are people in Congress who are concerned with REAL problems instead of luxury politics like banning books, criminalizing drag shows, and illegalizing "CRT" in schools. Just how are regular Americans supposed to feed their families with culture wars?
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?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
@@lisaollie4594 This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.
This is a very critical situation for US people and other countries people. The global economy is going to very poor situation. Inflation and unemployment are on the rise
@@louisairvin3052 Oh, I'm not really in the business of giving financial advisor, so you are responsible for your decisions. But I have been working with Kaitlin Rose Sternberg, so you could check her out and contact her, if you want.
@@lisaollie4594 This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I will look up Kaitlin online and research her accreditation. Information they say, is power. Thanks for this.
Katie Porter talking sense as always , that the bank collapsed after interest rates went up is proof that the management was incompetent, though they paid themselves bonuses even as the whole thing fell apart.
@Tessmage Tessera Did she mention the bailout was beyond the 250k? Nope. Did she get into the details of why they had the long bonds? Did she talk about the deal with a Nordic bank? Nope. But to be fair, maybe she didn't want the cat out of the bag yet to the sheeple.
@Tessmage Tessera I'm sorry, but bailout was announced last saturday. Google it. See Bailout 2.0. Its for most accounts and for the full value (not just the first 250k). Today, my finance guy was telling me about the nordic bank buying some of the european (UK?) oriented assets for $1. Sorry, I don't remember the details since we joked about the $1. We were sure there was alot of backstory assets.
Katie ROCKS! I love how she is down to earth and just a start shooter! Thank you, Katie for explaining this so well and for all that you do for the average American
It's amazing to see the resilience of Bitcoin, even amidst the chaos caused by the recent shutdown of Silicon Valley Bank. Despite the impact on the financial sector and the crypto market, BTC seems to have emerged unscathed and is once again being hailed as a safe haven asset. This is a testament to the value and potential of this relatively new asset class. There hasn’t been a better time to start trading, thanks to Marnell English strategy. Her expertise and knowledge of the Bitcoin market are unparalleled and I feel incredibly lucky to have found her.
I’m a proud beneficiary of her program. I've been able to scale from 0.7 btc to 4.9 btc with her daily signals..When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, there are smart ways to go about it, her program taught me a lot
I’ve just run a google search on her name and came across her Program. I'm definitely starting, everyone needs more than a basic Income to be financially secure in this present time of economic decline, thanks for sharing
I have been doing some research on the market personally and it was quite challenging to understand the different trends on my own until I found out about Marnell English Program. Her strategy minimizes risk and maximizes profits. Trading with her has been incredible throughout the last few months, and I would recommend her strategy to anyone.
Quality predictions always. Really helped trading with Marnell analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective.
Rep Porter, you need a quilt hanger or sleeve put on that back of that lovely Carol Bryer-Fallert inspired wall hanging behind, instead of pushpins! I took a class from her at the Fairbanks Summer Arts Festival in Fairbanks Alaska 25 years ago (where I lived). It's awesome, but better way to preserve it. And, yes, you are right about the SVB, as always! Keep up after them, and all the wonderful work you are doing in Congress!
Probably but she’s a single mother of 3 (maniac ex husband) trying to move mountains in congress run for senate in a Republican district and doing media appearances on the weekend she seems pretty busy
@@JL-mn9on Strange question - how would I know? USA has 435 reps. & 100 senators out of a population of 330,000,000 people, they should be able to find a few hundred good people out of all that. Btw Is that a white power symbol in your portrait pic? Sure hope not.
@@GeorgeSmiley77 no dummy it's the punch game symbol but thanks for the concern and your inability to like a rep that's actually honest and working hard for the people speaks volumes...
So informational, Katie. Thank you for speaking in simple language to me. I am not a financially gifted human being, everyone else in my family seems to be fluent in understanding all this, so between them and you I have an understanding of why this happened. It's really common sense isn't it? 👍
The $150 billion in UNINSURED deposits should be wiped out. Millionaire techy businesses and individuals should NOT be bailed out! In a free market you can't say we want all the gain, but none of the pain.
That was a succinct and purposeful overview of the underlying cause of SVBs' financial failure and what is required to ensure SVB opens Monday and resumes banking operations.
Something many people don't know is when a bank is taken over by another bank when it collapses is the share holders are not reimbursed. I lost a huge amount when my hometown bank collapsed in 2010. So much for supporting a small, hometown bank.
@@briandfallon74 Other countries cannot understand why the US has such a strange and risky set of laws governing banks, essentially planning to have banks fold so people lose all their money. Putting your money in a bank shouldn't be like buying risky stocks. It doesn't have to be this way.
@@Sarcasticron it’s not risky. The FDIC insures $250,000. Easy peasy. If you want additional protection, the bank can give you examples to change ownership to get more FDIC protection. If I have $1 million in an account, I know FDIC covers $250k but not the $750k. It should not be a shocker. Shareholders and investors should have no protection against full losses..
Bad start to the year with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize.
@@maiadazz Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@richardhudson1243 I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Nicole Joi Anderson, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.I recommend researching her credentials further.
@@maiadazz Wow! Just out of curiosity, I checked up Melissa’s full name on the internet, and I'm rather impressed with her credentials. I appreciate you sharing.
If you actually knew what you were talking About, one was an executive order bypassing congress, the other was normal actions under their authority as done many times before.
Such a smart woman for a politician. I wish that they were more like her. That's what we need more of because most politicians are so dumb down right now it's crazy
Love Katie Porter and her straightforward no-nonsense approach. More please and yes to the senate run. Get those markers and dry-erase boards ready because we love ‘em
I like Adam Schiff and he just might win that senate seat, but from what's needed in an excellent senator Katie Porter would be better. She's super smart and has a great sense of how to take good care of the people of California and the nation. I wish her well. She truly gets it.
@@Gnofg jealous of what, Clown shoes? 😂 People like you probably call food stamps and social security handouts and corporate welfare “Sound economic policy.” Lick boots somewhere else, bud-I’m have a sammich over here 😂
@@williamallen7984 You are really clueless when it comes to high tech. Many great ideas come out of start ups and has contributed more to keeping America ahead in the area of intellectual property. Smart people know they are stupid, Stupid people don't know they are stupid. Microsoft and apple were startups.
Katie Porter is impressive. California should have more than 2 senators. With a population of 39 million, it should have 10. North and South Dakota should have just 0.5. The constitution should be amended.
Especially considering unemployment rates are so low and anyone working a minimum wage job can’t afford to survive on their own, even working 60 hours a week. It’s absurd. Back in the day, someone could stay home in the household with the children and still have money to save at the end of the month. Now every single person I know is living paycheck to paycheck unless they have credit cards
Somebody was asleep at the switch in SVB's Asset-Liability Management Dept. No way a $200bn balance sheet should get so overloaded with low-interest Treasuries that it runs out of liquidity.
Love you Katie. You are smart, honest, and just awsome. You hold these robert barons feet to honesty. Hope you get to be a senator. We need you and you are a rare jewel that the american people need.
If I get this right, when I put money into a bank I know that the bank needs to make money on it by LENDING money to investors who want to make an honest dollar. It takes the people to VOTE in leaders of our community to keep people on the level. If our bank gets ROBBED, or CHEATED, or DESTROYED in some way, then that money is OUR money until we take it back out. So... Who is robbing our banks, and what are WE doing about it?
That was an extremely fair, accurate, and balanced response. Yes... She could have hammered home that they paid for and championed the deregulation that led to this but... I get she's running for Senate.
Pay the paychecks out of the boards and CEO's money, even if you need to repo their mansions and Yacht's to do so. This shows our banking system is still corrupt and needs real regulation. The Fed needs to stop raising interest rates or they will crash the economy. Semper Fi
I don't typically vote for left-wing politicans, but Katie Porter has it and I will be supporting her candidacy for California senator. Very sharp woman, knows her stuff.
The bank president successfully lobbied Congress to have the minimum requirement for Dodd Frank law raised to 250 billion so his bank wouldn’t be required to under go yearly federal stress-test . Why is no one but The Guardian reporting on this ?
Because you chose that debt and it's not fair for the rest of us who paid our loans off for you to get a free ride. Grow up and make responsible decisions don't rack up debt and then expect the rest of us to pay for it we're not your mommy and daddy!
@@bullethead67ful FYI. I'm retired. My total cost for college in the late 70's was $4000.00. My house and 3 cars are paid for and the banks have screwed me for over a million dollars.
Another reason why some individuals may choose to keep their money out of banks is to avoid potential loss of funds due to bank failures or deposit insurance limitations. While bank deposits are typically insured by the government up to a certain limit, the coverage may not always be sufficient to cover all depositors in the event of a bank failure. For instance, in the United States, the Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor per bank. If an individual has more than this amount in deposits at a single bank, they may not be fully protected in the event of a bank failure.
That’s what happens when you get invested in Crypto, curious enough all of this companies that get invested with Crypto end up bankrupting or nearly bankrupt.
Common Sense Party, that's what can happen when someone puts "all their eggs in one basket". I'll stick with my credit union. Banks fail too often,or are bought up by other banks, to make me comfortable about keeping my money in one. I don't have the kind of money that SVB would have been interested in, anyway.
That's not untrue, but this wasn't crypto. they locked too much capital in low-interest treasury notes. Then in an effort to slow inflation, the Federal Reserve raised interest, putting them in a short-term cashflow shortage. they were playing safe, but their plan lacked flexibility.
I hope they don't find a buyer. This was sheer laziness🤦🏿♂️the company goes eight months without a risk assessment officer and then makes purchases of "government" stocks, thinkning they are safe. And not one person championed the question, "what if?"
@@realnapster1522 true, she neglected to say that Yellen already bailed them out and neglected to say anything about the executives selling off stock weeks ago.
The Bernie Bros is what got us Don the Con last time, better off picking someone who is actually electable. The MAGAts will call him a socialist and a communist and that would be the end of his campaign!
@@randallmarsh1187 I think it’s the opposite this time. Biden is bland to the point that he’s become completely uninteresting to the average American. He’s old, not very articulate, and unpopular amount younger to middle aged voters. He only got elected because he was the most bland moderate possible that could counter trumps radicalism. But now the democrats hold an advantage. Trump is unlikely to win the nomination after the January 6th fiasco and his multiple rumored indictment’s on top of the old guard republicans refusing to align with him. However, trump holds a solid 30% of the parties voters, and if he loses the nomination he’ll likely split the vote by running as an independent. If that happens, I say nominate Bernie and porter. They’re a truly progressive ticket, that has widespread appeal among the same young voters who helped win the senate in the 2022 midterms, and compared to any person the republicans can nominate, Bernie is articulate, experienced, and knowledgeable. I’d have full confidence with him in a presidential debate against desantis who struggles with reporters, or trump, who’s so unpopular with anyone not in MAGA, that he’s practically a pariah. Even if the republicans are United I’d still consider Bernie, because Biden is so bland that I’d he goes up against desantis, it would be a repeat of Hillary Clinton vs trump, where the uninteresting old politician has to go up against a loudmouth, who doesn’t understand policy making, but simply has more charisma giving him the votes. Bernie may be old, but he’s lively, quick witted, and experienced which is more than literally anyone else can say. He’s the only progressive who talks common sense and with a democratic congress he can finally put actual reform into place instead of the same stagnation and idiocy the republicans have been spoon feeding us since Reagan.
@@Canneveroverblue taxpayers shouldn’t be paying $33mil for FDIC Insurance when CEO just want a 1.5million bonus before their companies fail that’s illegal
@@Rhaspun Crypto Winter: Post FTX and now with SVD. This is symptomatic of the issues plaguing our economy. With the perceived failure of crypto, it will be harder for traditional investors to invest in startups. It means our startup incubator and accelerator program is failing.
The CEO of SVB divested his stocks couple of weeks ago, indicating that he had knowledge that the situation could not be contained.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted high six figures.
Enjoy your vote !!! 🌈🌈🌈
’Susan Bauer Normansell’ is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, look - her up .
Enjoy your vote !! 😍
Katie Porter Rocks!! Love how she dives in, gets the information and explains it back so well…❤
You fell for it too, we your old alliance learned the truth that she is just another corporation puppet
@@MrMadbrowncow troll.
I agree. Smart, researches well, and delivers the information clearly.
@@MrMadbrowncow Although her voting record isn't perfect, it is still very progressive and for the people instead of corporations.
Obvious that Katie Porter has no money in this bank ! We will just have to wait and see ?
Few people nowadays in government give me as much confidence and a sense of ease than Katie Porter. Extremely astute, incredible with numbers and an all decent "normal" person. A single mom with kids. You don't mess with a loving mom. She is the real deal. President one day, after her upcoming stint in the senate?
Yes! That is why I donated to her campaign today!
Her explanations are very clear, straightforward, and lucid. We need more people like her in government. I want her in the Senate or as US President.
Then why does she suddenly support racist Israel?
@@37Dionysos "Katie Porter supports continued U.S. aid to Israel, but also advocates for a “tough-love approach” that aims to help Israel become strong and secure, and to bring peace and stability to the region. Porter has also condemned the recent surge of violent attacks in Israel that killed five people in a Tel Aviv suburb."
In other words, she actually has a balanced and nuanced stance regarding Israel, far from "suddenly supporting racist Israel".
🙈
We should wake up to reality and embrace a transparent financial system that generate incomes.
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
@@jamesmarcus4105 An uptick in volatility is not necessarily a bad thing, there are opportunities to be found even in this whirlwind. Best advice just get yourself a coach to guide you in this current market
@@jamesmarcus4105 I think your proposal has much to comment on.
@@Alessandroabbatecola Yeah I agree, I assumed had a hang of the market at first, gained $50k one year and I was super elated, not until I stumbled upon a portfolio-advisr whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I nettd a whooping $280K during this dip, that made it clear there's more to the market that we avg joes don't know..
@@williamadams2361 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
I blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
The current situation is incredibly dire for people in the United States and other countries. The global economy is facing a significant downturn, with increasing inflation rates and unemployment figures.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-coach'Corinne Cecilia Heaney , seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a init-coach for over 2years+ and I've netted high six figures.
please how can i find the lady you mentioned'?
Corinne really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
I blame Trump for deregulating the Dood-Frank regulations. His deregulation on this and EPA powers will ruin America.
Would love to have her and Al Franken in the Senate
Al Franken was already there. Won't go back.
I'm from MN. Franken was great, but wont be back.
Oy vey
Yes pure genius thumbs up!
I think she will win in the primary and win the Senate seat.
CEO and others sold their stock options/stocks a few weeks ago. They most likely knew what was going on. Feds must not allow insiders to reap benefits from this. Other shareholders (including our mutual funds etc) lost their money
I saw a politician saying they sold theirs and I can't remember who it was
The CEO was also an board member for the SF Federal Reserve, until Friday. So it's basically impossible for the FED to not have known this was happening.
@@steveanimatrix3887 Good point
@@realnapster1522 Politicians are one of the most corrupt groups of people in our country today. And politicians think they are above law.
and then they’re gonna expect the taxpayers to bail them out
Katie Porter has a brilliant mind. I think she would make a great president.
that's what they told us of Biden. The least we need is another buyer's remorse. We can try Kamala. I heard she did a terrific job in the southern border.
@@srebaayao9616 If you look at the record number of arrests for Fentanyl smuggling you may be correct
I agree
@@srebaayao9616 troll.
Almighty biden will save us
Best teacher about complex subjects.
Katie, really hope you win the nomination and then the senate seat. Good luck to you. 🇨🇦
Katie Porter, thank you I learned so much. I need more Economics videos.
Katie Porter KNOWS her Stuff! I'd vote for her in a nanosecond.
She wants to run for Senate. I'll go with her. She does more for the average person. I love it when she brings out her whiteboard when she is interviewing a CEO. She does her homework is ready to counter any claims a CEO makes.
Katie Porter for president.
I was dumb to vote for her, not again though.
@digitalconsciousness No. More like her are needed in all levels of government, especially the U.S. Senate and Congress in order to finally get bills passed that will help the majority of Americans.
I'd vote her in a nanosecond but I don't move that fast.
Katie is super smart and she can’t be bought!! We need more people like her rather than Qanon conspiracy theorists.
She is bought by Israel. She is a pig
Looks like Israel has bought her.
It's great seeing that there are people in Congress who are concerned with REAL problems instead of luxury politics like banning books, criminalizing drag shows, and illegalizing "CRT" in schools. Just how are regular Americans supposed to feed their families with culture wars?
@@37Dionysos Looks like you have no idea what you’re talking about.
@@MrMadbrowncow Go crawl back under your rock.
Katie does it again! She just made a complicated issue understandable …even for a guy like ME!😄
She is awesome.👍🏽
Expecting banks to self regulate is like expecting an alcoholic to stick to 'just the one.'
😂😂 Right.
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?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
@@lisaollie4594 This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.
This is a very critical situation for US people and other countries people. The global economy is going to very poor situation. Inflation and unemployment are on the rise
@@louisairvin3052 Oh, I'm not really in the business of giving financial advisor, so you are responsible for your decisions. But I have been working with Kaitlin Rose Sternberg, so you could check her out and contact her, if you want.
@@lisaollie4594 This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I will look up Kaitlin online and research her accreditation. Information they say, is power. Thanks for this.
Katie Porter, awesome as usual!
Can you imagine Boebert or MTG trying to explain this situation? LOL!
They would have an aneurism.
Boebert is a fox. Wooo weee
O they will. They'll try and blame our president and that's all they got lol.
Like saying the 'diverse management destroyed the bank'.. which it did.
Hillary Clinton did it!
Hearing that the bank officers sold their shares, just makes my blood pressure go up again.
Right. The stock is on sale. I'm getting once they remove the halt
Katie Porter talking sense as always , that the bank collapsed after interest rates went up is proof that the management was incompetent, though they paid themselves bonuses even as the whole thing fell apart.
She was two days late and a dollar short. Yellen already bailed them out.
@Tessmage Tessera Did she mention the bailout was beyond the 250k? Nope. Did she get into the details of why they had the long bonds? Did she talk about the deal with a Nordic bank? Nope. But to be fair, maybe she didn't want the cat out of the bag yet to the sheeple.
@Tessmage Tessera look around and you will find it. Haven't heard or seen anything real from yet. Just talking points
@Tessmage Tessera I'm sorry, but bailout was announced last saturday. Google it. See Bailout 2.0. Its for most accounts and for the full value (not just the first 250k). Today, my finance guy was telling me about the nordic bank buying some of the european (UK?) oriented assets for $1. Sorry, I don't remember the details since we joked about the $1. We were sure there was alot of backstory assets.
Senator Porter puts me at ease. If there is real theft, I hope she stays on it.
@Book Girl I'm from NY ... I can't help but thinking of the Good Lady as a Senator when I see her. Hopefully, she is on the road to President.
Thank you Katie keep on it and keep us up to date.
THANK KATIE AND GAVIN NEWSOME FOR YOUR FAILURES
@@frankcarone3769 Wow people really do buy into that ignorant BS.
Dont worry all the top people sold there shares out weeks ahead!!!
Yes, I trust you completely, since you don't know the difference between "there" and "their."
Another Jewish grammar guy
Wait so they didn't sold?
@@allgameplays Several of the top executives did sell 10% to 30% in the last month.
Never trust a biped that looks up to the taxi driver.
Katie ROCKS! I love how she is down to earth and just a start shooter! Thank you, Katie for explaining this so well and for all that you do for the average American
Wow love her. She was so clear at explaining everything. I'm so lucky she's my Congresswoman and can't wait to vote for her to be my Senator.
It's amazing to see the resilience of Bitcoin, even amidst the chaos caused by the recent shutdown of Silicon Valley Bank. Despite the impact on the financial sector and the crypto market, BTC seems to have emerged unscathed and is once again being hailed as a safe haven asset. This is a testament to the value and potential of this relatively new asset class. There hasn’t been a better time to start trading, thanks to Marnell English strategy. Her expertise and knowledge of the Bitcoin market are unparalleled and I feel incredibly lucky to have found her.
I’m a proud beneficiary of her program. I've been able to scale from 0.7 btc to 4.9 btc with her daily signals..When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, there are smart ways to go about it, her program taught me a lot
I’ve just run a google search on her name and came across her Program. I'm definitely starting, everyone needs more than a basic Income to be financially secure in this present time of economic decline, thanks for sharing
I have been doing some research on the market personally and it was quite challenging to understand the different trends on my own until I found out about Marnell English Program. Her strategy minimizes risk and maximizes profits. Trading with her has been incredible throughout the last few months, and I would recommend her strategy to anyone.
Trading as a newbie is quite stressful and discouraging but after linking up with expert Marnell my financial situation changed.
Quality predictions always. Really helped trading with Marnell analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective.
This situation with the SVB is becoming more interesting than a Netflix show! Cant wait for tomorrow Monday episode
Lots of bank runs happening tomorrow
It is weirdly thrilling, but if it was your paycheck you might be more anxious!
Yellen bailed them out. (SVB and USDC)
The bank was bailed out as previously said
Get ready everyone to pay for this huge mess, a broken government who’s gonna come to save the day! 💵💵
I LOVE Rep. Katie Porter soooooo much!!!!!
Rep. Porter for President!
Absolutely. Smartest person in any room.
@@jimmason8502 No, she isn't.
We NEED her in Legislation.
They NEED TO GO AFTER the CEO’s and “Insiders” who sold and got out before the collapse that hurt all the little guys.
Rep Porter, you need a quilt hanger or sleeve put on that back of that lovely Carol Bryer-Fallert inspired wall hanging behind, instead of pushpins! I took a class from her at the Fairbanks Summer Arts Festival in Fairbanks Alaska 25 years ago (where I lived). It's awesome, but better way to preserve it. And, yes, you are right about the SVB, as always! Keep up after them, and all the wonderful work you are doing in Congress!
Probably but she’s a single mother of 3 (maniac ex husband) trying to move mountains in congress run for senate in a Republican district and doing media appearances on the weekend she seems pretty busy
Love her. Wish we had 100 more of her!
434* set your sights a teensy-weensy bit higher 😉
@@GeorgeSmiley77 hahahahaha!
@@GeorgeSmiley77 like who
@@JL-mn9on Strange question - how would I know? USA has 435 reps. & 100 senators out of a population of 330,000,000 people, they should be able to find a few hundred good people out of all that.
Btw Is that a white power symbol in your portrait pic? Sure hope not.
@@GeorgeSmiley77 no dummy it's the punch game symbol but thanks for the concern and your inability to like a rep that's actually honest and working hard for the people speaks volumes...
Love Katie Porter.
So informational, Katie. Thank you for speaking in simple language to me. I am not a financially gifted human being, everyone else in my family seems to be fluent in understanding all this, so between them and you I have an understanding of why this happened. It's really common sense isn't it? 👍
The $150 billion in UNINSURED deposits should be wiped out. Millionaire techy businesses and individuals should NOT be bailed out! In a free market you can't say we want all the gain, but none of the pain.
don't worry. The politicians will bail out their friends and doners.
I hope the people of California have real gem in Katie Porter!
That was a succinct and purposeful overview of the underlying cause of SVBs' financial failure and what is required to ensure SVB opens Monday and resumes banking operations.
failed like a republican CPAC
Something many people don't know is when a bank is taken over by another bank when it collapses is the share holders are not reimbursed. I lost a huge amount when my hometown bank collapsed in 2010. So much for supporting a small, hometown bank.
You took a risk on a stock and lost.
Depositors are protected; shareholders? Not so much
@@briandfallon74 Other countries cannot understand why the US has such a strange and risky set of laws governing banks, essentially planning to have banks fold so people lose all their money. Putting your money in a bank shouldn't be like buying risky stocks. It doesn't have to be this way.
@@Sarcasticron it’s not risky. The FDIC insures $250,000. Easy peasy. If you want additional protection, the bank can give you examples to change ownership to get more FDIC protection.
If I have $1 million in an account, I know FDIC covers $250k but not the $750k.
It should not be a shocker.
Shareholders and investors should have no protection against full losses..
Looking forward to Porter bringing the whiteboard to the Senate.
Brace for the Monday meltdown
Bad start to the year with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
Working with a reputable investing coach is now the greatest market approach. Since a while ago, I've been in contact with a coach, mostly because I don't have the breadth of knowledge or mental fortitude to handle these recurrent market conditions. I made almost $700k during this downturn, demonstrating that the market is more complex than most people realize.
@@maiadazz Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@richardhudson1243 I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Nicole Joi Anderson, a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.I recommend researching her credentials further.
@@maiadazz Wow! Just out of curiosity, I checked up Melissa’s full name on the internet, and I'm rather impressed with her credentials. I appreciate you sharing.
Katie Porter is Awesome!!
Should we expect the same people suing to stop student loan refunds suing to stop this from happening?
If you actually knew what you were talking
About, one was an executive order bypassing congress, the other was normal actions under their authority as done many times before.
Different kind of comment here. Why keep cutting away from the speakers to show static photos of the bank exteriors? What does that add?
katie and liz warren needed on the banking oversight committees
Because liberals know so much about running banks. This bank was run by liberals….how did that go?? Oh yeah….not well
@@mmarie1131 it was a trump appointee who loosed the regs which let the greed dogs pee all over the state, again
@@psalwasser No…it was liberal execs who obviously didn’t know how to do their job. We sure don’t see any other banks having problems.
Porter should make Trump accountable for deregulating the interest rates. Lol!
Such a smart woman for a politician. I wish that they were more like her. That's what we need more of because most politicians are so dumb down right now it's crazy
bot 3
Love Katie Porter and her straightforward no-nonsense approach. More please and yes to the senate run. Get those markers and dry-erase boards ready because we love ‘em
I like Adam Schiff and he just might win that senate seat, but from what's needed in an excellent senator Katie Porter would be better. She's super smart and has a great sense of how to take good care of the people of California and the nation. I wish her well. She truly gets it.
I support you for Senate, Katie. But don't go no higher. We need you in the legislature.
Give them $600 a month and a good set of bootstraps…
That's what they tell us, right?
People like you have no idea what you are talking about. Your jealousy shows. Most of the workers are average people and work for a living.
@@Gnofg jealous of what, Clown shoes? 😂
People like you probably call food stamps and social security handouts and corporate welfare “Sound economic policy.”
Lick boots somewhere else, bud-I’m have a sammich over here 😂
@@williamallen7984 You are really clueless when it comes to high tech. Many great ideas come out of start ups and has contributed more to keeping America ahead in the area of intellectual property.
Smart people know they are stupid, Stupid people don't know they are stupid. Microsoft and apple were startups.
Ha! They'd last five minutes.
Katie Porter is impressive. California should have more than 2 senators. With a population of 39 million, it should have 10. North and South Dakota should have just 0.5. The constitution should be amended.
Love it
Wow! Californians! Please, please, please, make Katie Porter your US Senator!
I'm tired of the banks, wall street and others affecting me and I know others are tired too.
Especially considering unemployment rates are so low and anyone working a minimum wage job can’t afford to survive on their own, even working 60 hours a week. It’s absurd. Back in the day, someone could stay home in the household with the children and still have money to save at the end of the month.
Now every single person I know is living paycheck to paycheck unless they have credit cards
Katie Porter is going to be one of the most productive Senators in U.S. history. She just needs an office, a desk, paper and pen.
Katie Porter should just be America’s teacher and explain everything going on. She has this power to make things easy to understand.
Somebody was asleep at the switch in SVB's Asset-Liability Management Dept. No way a $200bn balance sheet should get so overloaded with low-interest Treasuries that it runs out of liquidity.
The loss was quite small. 2 billion compared to assets of 206 billion. But bad news spreads quickly and no bank can survive bank run like this.
Katie Porter is wonderful.
Love Senator Porter
@Richard Pierpoint Call those things that be not until they are
Too much money, invested in too-safe bonds, turns out to be a problem. Don't let anybody tell you that running a bank is simple!
Senator Katie Porter from California. I like how that sounds!
And hopefully that is only the start
More to come people. More to come!
Love you Katie. You are smart, honest, and just awsome. You hold these robert barons feet to honesty. Hope you get to be a senator. We need you and you are a rare jewel that the american people need.
Silvergate Capital also fell
Silvergate voluntarily liquidated then closed due the FTX meltdown.
Crypto lending bank
@@kelvinmorris1991 They both were, no?
Fallout from FTX has to be part of this.
Something tells me there is going to be a very large fire tonight before bank opens at 9am tmo
If I get this right, when I put money into a bank I know that the bank needs to make money on it by LENDING money to investors who want to make an honest dollar. It takes the people to VOTE in leaders of our community to keep people on the level. If our bank gets ROBBED, or CHEATED, or DESTROYED in some way, then that money is OUR money until we take it back out. So... Who is robbing our banks, and what are WE doing about it?
That was an extremely fair, accurate, and balanced response. Yes... She could have hammered home that they paid for and championed the deregulation that led to this but... I get she's running for Senate.
💙💙💙PORTER
I moved to Queretaro in 2021 at 79. I have always kept 6 months preps, and this city is safer, less expensive, and cooler. You are correct.
Katie Porter and Elizabeth Warren would make a great team for the White House. 😎
😃YES👍
Warren is an ex-Republican and liberal grifter.
California needs to elect Katie Porter as their US Senator. She's tough, relentless, and smart!
Katie gets it!
She is brilliant.
Fashion isn't part of that
Katie Porter is straightforward, very smart and does not backdown from Republican backwater bimbos -- you know who you are!
The CEO anticipated the failure by
eviscerating (looting)) the Cash Flow
with massive Bonus payouts for himself
and his co-execs - only, 2 weeks ago.
Top tip. Fire the manager.
I wonder if some of their long term assets included mortgage back securities like in 2008 banking crisis?
The CEO of SVB has been involved in multiple failing companies over the years, including Enron.
Pay the paychecks out of the boards and CEO's money, even if you need to repo their mansions and Yacht's to do so. This shows our banking system is still corrupt and needs real regulation. The Fed needs to stop raising interest rates or they will crash the economy.
Semper Fi
The rich will escape without consequences as they always do.
@@realnapster1522 most likely. Paid for by you and me and the other working class Americans.
Love future Senator Katie Porter !
Katie Porter.....for the middle class, VOTE!
Amazing all the concern about Banks
but nowhere near a similar concern for
Economic Contagion from Student Debt
implosion.
I don't typically vote for left-wing politicans, but Katie Porter has it and I will be supporting her candidacy for California senator. Very sharp woman, knows her stuff.
She didn't say that Yellen already bailed them out. She repeated Friday's news.
Love Katie Porter !!
The bank president successfully lobbied Congress to have the minimum requirement for Dodd Frank law raised to 250 billion so his bank wouldn’t be required to under go yearly federal stress-test . Why is no one but The Guardian reporting on this ?
Pelosi blamed trump for it. Biden will probably blame putin.
Why would you bailout the bank but not student loans
Because you chose that debt and it's not fair for the rest of us who paid our loans off for you to get a free ride. Grow up and make responsible decisions don't rack up debt and then expect the rest of us to pay for it we're not your mommy and daddy!
@@bullethead67ful FYI. I'm retired. My total cost for college in the late 70's was $4000.00. My house and 3 cars are paid for and the banks have screwed me for over a million dollars.
Bankers never go to jail
They'll bail out these crooks but won't help with student loans?
This is f'd up
Another reason why some individuals may choose to keep their money out of banks is to avoid potential loss of funds due to bank failures or deposit insurance limitations. While bank deposits are typically insured by the government up to a certain limit, the coverage may not always be sufficient to cover all depositors in the event of a bank failure. For instance, in the United States, the Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor per bank. If an individual has more than this amount in deposits at a single bank, they may not be fully protected in the event of a bank failure.
Too easy to spread it out at a bank like open a LLC and get double protection for 500K, and now many banks gaurantee up to like 3.75 million
ms.porter you have my vote
That’s what happens when you get invested in Crypto, curious enough all of this companies that get invested with Crypto end up bankrupting or nearly bankrupt.
"Crypto" is pure BS and a complete joke.
Common Sense Party, that's what can happen when someone puts "all their eggs in one basket". I'll stick with my credit union. Banks fail too often,or are bought up by other banks, to make me comfortable about keeping my money in one. I don't have the kind of money that SVB would have been interested in, anyway.
This has nothing to do with crypto, genius. It's a bank that failed; you just made a deranged leap to assume it was crypto.
That's not untrue, but this wasn't crypto. they locked too much capital in low-interest treasury notes. Then in an effort to slow inflation, the Federal Reserve raised interest, putting them in a short-term cashflow shortage. they were playing safe, but their plan lacked flexibility.
Bitcoin is destruction in slow motion.
Great Explanation of the SVB implosion.
I hope they don't find a buyer. This was sheer laziness🤦🏿♂️the company goes eight months without a risk assessment officer and then makes purchases of "government" stocks, thinkning they are safe. And not one person championed the question, "what if?"
FDIC should conduct the criminal investigation on the executives
look up "Integrity" in the Dictionary
There is a Picture of Katie.
Could She Be
First Woman President of the United States???
Hopefully.
🤡
The only choice
America! It can be inspiring and beautiful. It can also be dark and ugly. It’s soo many things, but it’s ours. It’s our America.
The thing I like about Katie Porter is that she doesn't assign blame and give empty statements. She WANTS you to understand what's going on.
But She SHOULD assign blame to bank executives, fed and politicians including Biden for this mess. They are all to blame for this economic disaster.
@@realnapster1522 actually it was Trump that deregulated it, if you're looking to assign blame.
@@realnapster1522 true, she neglected to say that Yellen already bailed them out and neglected to say anything about the executives selling off stock weeks ago.
Very well spoken and substantive, would back her for Senate in a heartbeat. Katie Porter
Bernie for president, with porter as VP. I’d vote for that ticket in an instant.
Match made in HEAVEN I prey to god she or Bernie run AND IF THEY RAN TOGETHER ITS A WIN HAMDS DOWN.
ONLY IF he will support Ukraine if that is still going on.
The Biden admin is killing the US, Sanders/Porter would be the nail in the coffin.
The Bernie Bros is what got us Don the Con last time, better off picking someone who is actually electable. The MAGAts will call him a socialist and a communist and that would be the end of his campaign!
@@randallmarsh1187 I think it’s the opposite this time. Biden is bland to the point that he’s become completely uninteresting to the average American. He’s old, not very articulate, and unpopular amount younger to middle aged voters. He only got elected because he was the most bland moderate possible that could counter trumps radicalism. But now the democrats hold an advantage. Trump is unlikely to win the nomination after the January 6th fiasco and his multiple rumored indictment’s on top of the old guard republicans refusing to align with him. However, trump holds a solid 30% of the parties voters, and if he loses the nomination he’ll likely split the vote by running as an independent.
If that happens, I say nominate Bernie and porter. They’re a truly progressive ticket, that has widespread appeal among the same young voters who helped win the senate in the 2022 midterms, and compared to any person the republicans can nominate, Bernie is articulate, experienced, and knowledgeable. I’d have full confidence with him in a presidential debate against desantis who struggles with reporters, or trump, who’s so unpopular with anyone not in MAGA, that he’s practically a pariah. Even if the republicans are United I’d still consider Bernie, because Biden is so bland that I’d he goes up against desantis, it would be a repeat of Hillary Clinton vs trump, where the uninteresting old politician has to go up against a loudmouth, who doesn’t understand policy making, but simply has more charisma giving him the votes. Bernie may be old, but he’s lively, quick witted, and experienced which is more than literally anyone else can say.
He’s the only progressive who talks common sense and with a democratic congress he can finally put actual reform into place instead of the same stagnation and idiocy the republicans have been spoon feeding us since Reagan.
We need to press charges on leadership
@@Canneveroverblue taxpayers shouldn’t be paying $33mil for FDIC Insurance when CEO just want a 1.5million bonus before their companies fail that’s illegal
California should be learning from this experience. Let these be deep lessons.
????
@@Rhaspun Crypto Winter: Post FTX and now with SVD. This is symptomatic of the issues plaguing our economy.
With the perceived failure of crypto, it will be harder for traditional investors to invest in startups.
It means our startup incubator and accelerator program is failing.
Porter rocks. She has my vote.