Analysts react to Silicon Valley Bank failure

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  • Опубліковано 14 жов 2024
  • Team coverage of the shocking bank failure which has rocked the Bay Area tech community. Anne Makovec and Elizabeth Cook report. (3-10-23)

КОМЕНТАРІ •

  • @MrMrabaunza
    @MrMrabaunza Рік тому +46

    2:22 crazy how fast government will go to work when it's the 1% that want help.

    • @sunrisesunset7
      @sunrisesunset7 Рік тому +5

      Or 100B to Ukraine?

    • @elenayoung9703
      @elenayoung9703 Рік тому +3

      But that 1%may affect a lot of people

    • @blizzred2143
      @blizzred2143 Рік тому

      @@sunrisesunset7That’s just a cover up to give money to rich people don’t you know that lol

    • @sunrisesunset7
      @sunrisesunset7 Рік тому +1

      @@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

    • @elenayoung9703
      @elenayoung9703 Рік тому

      @@sunrisesunset7 totally agree

  • @ronaldmcdonald3965
    @ronaldmcdonald3965 Рік тому +25

    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

    • @jntj3007
      @jntj3007 Рік тому

      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.

  • @travisli-rufus1949
    @travisli-rufus1949 Рік тому +12

    Get your money out, before another bank fail

    • @Gurci28
      @Gurci28 Рік тому

      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]

  • @sassyt1545
    @sassyt1545 Рік тому +4

    SVB’s internal, risk based auditors and compliance officers had to be aware that the assets were not diversified.

  • @Oakdogg
    @Oakdogg Рік тому +22

    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

    • @ginNjus
      @ginNjus Рік тому

      run baby run

    • @yhu4455
      @yhu4455 Рік тому +1

      Wake up and get your money out of the BANK!!!

  • @MrTom-kl7hy
    @MrTom-kl7hy Рік тому +19

    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.

  • @theingothouse5731
    @theingothouse5731 Рік тому +9

    Pacific Western Bank, Signature Bank, WA Bank, First Republic Bank.

  • @grabir01
    @grabir01 Рік тому +3

    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.

  • @ricnyc2759
    @ricnyc2759 Рік тому +32

    People should not dispair! Help is on the way to Ukraine!

    • @nhmooytis7058
      @nhmooytis7058 Рік тому +3

      Sadly you’re spot on.

    • @ginNjus
      @ginNjus Рік тому +3

      🤣🤣

    • @E_Clampus_Vitus
      @E_Clampus_Vitus Рік тому

      The federal government is such a responsible organization. I’m glad they are never held accountable. 🎊

  • @erwinl.8152
    @erwinl.8152 Рік тому +3

    This would be an amazing weekend to own a bar/liquor store/dispensary in the Bay Area. Gonna be a loooooong and stressful weekend.

  • @lifewithluis2004
    @lifewithluis2004 Рік тому +10

    Don’t be surprised if other banks follow suit.

    • @moneylust
      @moneylust Рік тому

      So what? I say “Bring it on. Do your worst! I will do mine.”

    • @martina5296
      @martina5296 Рік тому

      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.

    • @lifewithluis2004
      @lifewithluis2004 Рік тому +1

      @@martina5296 this will effect all banks . It doesn’t matter if your poor or rich 🤑 hello!!

    • @E_Clampus_Vitus
      @E_Clampus_Vitus Рік тому

      @@martina5296 The government will save them? I hope you aren’t referring to the government that’s currently $32 trillion in debt .

    • @yhu4455
      @yhu4455 Рік тому +1

      Get ready for DEPRESSION!!!

  • @knowledgeispower3212
    @knowledgeispower3212 Рік тому +2

    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

  • @stanharry3722
    @stanharry3722 Рік тому +10

    And it will have a domino effect soon..

    • @blblbluh4196
      @blblbluh4196 Рік тому +2

      they use the word ‘ripple’, not by accident. the media is priming people for something “ripple” related

    • @nhmooytis7058
      @nhmooytis7058 Рік тому

      👏👏👏

  • @michaelvaristo989
    @michaelvaristo989 Рік тому +7

    Taxpayer will get the bill. Count on it.

    • @E_Clampus_Vitus
      @E_Clampus_Vitus Рік тому

      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?

    • @timferguson593
      @timferguson593 Рік тому +1

      Boomers want to pass money to their children. At least I do.

  • @christianduval9067
    @christianduval9067 Рік тому +6

    Worst than LehmanBrother ($106 billion) in 2008.........
    Brace for impact

    • @jamesr2888
      @jamesr2888 Рік тому +2

      Would you have to factor inflation from '08 to '23?

    • @christianduval9067
      @christianduval9067 Рік тому

      @@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

  • @giftedgreen2152
    @giftedgreen2152 Рік тому +12

    Janet gave your money to Ukraine.

  • @815donalduck
    @815donalduck Рік тому +3

    Black Monday coming Soon 03/13/23 !!!

  • @criticaluplink
    @criticaluplink Рік тому +6

    She said few banks, SVB is just one that will fall

  • @TheScottysolo
    @TheScottysolo Рік тому +2

    Stop bailing out these irresponsible banks. The American government needs to care about its citizens before sending money to foreign interests. Shameful.

  • @gregjames9875
    @gregjames9875 Рік тому +1

    Have any federal officials pulled out of SVB in the past two weeks?

  • @maxisoulcaliber8941
    @maxisoulcaliber8941 Рік тому +6

    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.

    • @jntj3007
      @jntj3007 Рік тому

      CRYPTO is another scam. Wakeup! Geeez...

  • @barkeyes8592
    @barkeyes8592 Рік тому +4

    Woohoo! Gold prices shot up almost 50 bucks an ounce, I made 2k in a day.

  • @davidlee50
    @davidlee50 Рік тому +1

    Banks that can not hold money should not be called banks.

  • @devin1406
    @devin1406 Рік тому +2

    People will never learn from history

  • @kevenclinton4970
    @kevenclinton4970 Рік тому +3

    I bet the Aussie pulled all his money.

  • @mikelang1667
    @mikelang1667 Рік тому +11

    Scary domino affects could spread out by massive layoff during the downturn if not fallout by the Silicon Valley.

    • @Monkehrawrrr
      @Monkehrawrrr Рік тому +1

      Grandma Yellen will save us! Her ancient skills will come in handy!

    • @tomfinland9572
      @tomfinland9572 Рік тому

      @@Monkehrawrrr Grandma Yellen and relic Feinstein should both be sharing rooms in the Old Folks Home

    • @Monkehrawrrr
      @Monkehrawrrr Рік тому +1

      @@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.

    • @carenfarmer4794
      @carenfarmer4794 Рік тому

      The Tempe , AZ branch employed more than 700 people. They are out of jobs right now.

    • @daMillenialTrucker
      @daMillenialTrucker Рік тому +1

      R I P CALIFORNIA LOOOOL
      shouldnt have voted for biden :D

  • @tombox2759
    @tombox2759 Рік тому +1

    Janet Felon cracks me up...

  • @kalijasin
    @kalijasin Рік тому

    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?

  • @martinpalm5
    @martinpalm5 Рік тому +5

    no bailouts for the rich.

    • @martina5296
      @martina5296 Рік тому

      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.

  • @DogtownTradingCo
    @DogtownTradingCo Рік тому +1

    Where the audio?

  • @TheMonolake
    @TheMonolake Рік тому +1

    Wow she is such suspended animation i feel better now

  • @Gurci28
    @Gurci28 Рік тому +1

    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]

  • @Lastmanstanding_1984
    @Lastmanstanding_1984 Рік тому +3

    Do the research and learn about “Bail in’s”. 😮

  • @terrancecloverfield6791
    @terrancecloverfield6791 Рік тому +1

    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.

  • @tomlavelle8340
    @tomlavelle8340 Рік тому +1

    Valley Girl says: I need to withdraw my COSH.

    • @jon6309
      @jon6309 Рік тому

      Lol to pay for what? A Birkin bag on sale?

  • @jd-ku3iw
    @jd-ku3iw Рік тому +2

    It's the end of times !!!! Greed...

  • @TheShaolin015
    @TheShaolin015 Рік тому +1

    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.

  • @propblast82nd
    @propblast82nd Рік тому +19

    Biden’s great economy

    • @1ApeinSpace
      @1ApeinSpace Рік тому

      Do you live under a rock? The economy is doing great under Biden. Unemployment at 50 year lows.

    • @Daniel-z2j2v
      @Daniel-z2j2v Рік тому +5

      Bidenomics

    • @alfonzodavis1446
      @alfonzodavis1446 Рік тому

      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 😂

    • @jonnie2bad
      @jonnie2bad Рік тому

      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.

    • @1ApeinSpace
      @1ApeinSpace Рік тому

      @@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.

  • @XVel
    @XVel Рік тому

    @2:14 those are definitely better options then sticking money into collapsing banks

  • @darwinjina
    @darwinjina Рік тому +6

    Its ok, we sent the money to Ukraine. (along with hardware)

    • @815donalduck
      @815donalduck Рік тому +1

      And Israel…….Who cares about Americans or our homelessness! 😢 😭

  • @ronbo30
    @ronbo30 Рік тому +1

    What about bail in option? Let the depositors save the bank.

    • @E_Clampus_Vitus
      @E_Clampus_Vitus Рік тому +1

      This sounds like an idea invented by bankers. 😂

  • @trunkmonkey355
    @trunkmonkey355 Рік тому

    Another bank will likely buy Silicone and it will be a transparent transition for 90% of customers.

  • @1just4laughs
    @1just4laughs Рік тому +1

    Banks want that housing bail out money

  • @leunam3434
    @leunam3434 Рік тому +5

    Stressed testing the depositors? Please send stimulus checks to save the economy. Inflation is better than depression.

  • @commonsenseisntcommon1776
    @commonsenseisntcommon1776 Рік тому +2

    2008 part2!!!

  • @SMichaelDeHart
    @SMichaelDeHart Рік тому +10

    Couldn't happen to a better bunch of people...lol.

    • @Gurci28
      @Gurci28 Рік тому

      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]

    • @Gurci28
      @Gurci28 Рік тому

      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]

    • @Jnthncrrll
      @Jnthncrrll Рік тому

      OH YOU SHUT UP, MICHAEL THE TRUMPSTER FREAK!!!!!

  • @Buciasda33
    @Buciasda33 Рік тому

    2:10 ... That's a Slave.
    You don't have to do anything, that's when you're free.

  • @Buckaroobaby1
    @Buckaroobaby1 Рік тому +2

    Get my hankie. Silicon Valley helped create the mess we're in, so not feeling sorry considering how stupid SV has become.

    • @martina5296
      @martina5296 Рік тому +1

      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!!!!!

    • @Buckaroobaby1
      @Buckaroobaby1 Рік тому

      @@martina5296 Check the dates that the C-Levels sold their shares.

    • @E_Clampus_Vitus
      @E_Clampus_Vitus Рік тому

      @@martina5296 None of these banks are solvent. Nothing has changed since 2008.

  • @postscript5549
    @postscript5549 Рік тому +1

    Audio poor on guest's side.

    • @enufots4621
      @enufots4621 Рік тому

      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!

  • @nickfanzo
    @nickfanzo Рік тому

    Making a run on the bank is never a good idea

  • @TheMonolake
    @TheMonolake Рік тому

    The Jive the Jive is gonna get thick put on your dancin shoes

  • @dot2274
    @dot2274 Рік тому

    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

  • @martinim1998
    @martinim1998 Рік тому +5

    ALL LIARS!

  • @natchev-norris4539
    @natchev-norris4539 Рік тому +1

    As long as the Bank of Ukraine is a safe haven !

  • @someoneelse9768
    @someoneelse9768 Рік тому +2

    No way I'd have 250,000 in any bank.

  • @grabir01
    @grabir01 Рік тому +1

    Build back better.

  • @robb-506
    @robb-506 Рік тому +1

    Sacramento legislator's need to cover capital beyond $250k with Republic 🏦 of San Francisco as the "new proprietor" ..... soon. 🤔

  • @davidgrochmal6023
    @davidgrochmal6023 Рік тому +1

    Good luck trying to get your money back if you have more than 250thousand your f_____"ked !!!!!!!!

  • @lovewillwinnn
    @lovewillwinnn Рік тому

    Thanks for coughing into the mic 🎤

  • @nhmooytis7058
    @nhmooytis7058 Рік тому

    ‘Analysts’ my arse. Didn’t warn people this was coming did they?

  • @murrayscott3513
    @murrayscott3513 Рік тому +2

    Washington will bail them out.

  • @rodcoulter997
    @rodcoulter997 Рік тому

    Got cash….right? Real $$$.

  • @nhmooytis7058
    @nhmooytis7058 Рік тому +1

    Janet is as obtunded as JoJo.

  • @xxxx2935
    @xxxx2935 Рік тому

    . ( 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".

  • @paulbritton1436
    @paulbritton1436 Рік тому

    OMG Becky.......... Valley Girl much?

  • @finieous198
    @finieous198 Рік тому +2

    Buy AMC!

  • @willl7780
    @willl7780 Рік тому

    bail out...

  • @scot7214
    @scot7214 Рік тому +4

    No one in this administration portrays any level of competence. This is just another 🤡show

    • @E_Clampus_Vitus
      @E_Clampus_Vitus Рік тому +1

      Fractional reserve banking never was a good idea.

  • @uzzuzz9320
    @uzzuzz9320 Рік тому +1

    Covid 4:56

  • @pantaloonsxD
    @pantaloonsxD Рік тому

    Furbait

  • @willl7780
    @willl7780 Рік тому

    the california booming green economy lol

  • @jarrodyuki7081
    @jarrodyuki7081 Рік тому

    tkaek kyour give anudil on them give mysefl mroe power. what else yep and then reasontv!!!!!!!!!!!!!!!!!!!!!!!!!

  • @chrismuller2780
    @chrismuller2780 Рік тому

    Bad coverage.

  • @HISNAMESAKE
    @HISNAMESAKE Рік тому

    Fake,

  • @spurdosparde554
    @spurdosparde554 Рік тому

    Get your money out of the banks people!

  • @yhu4455
    @yhu4455 Рік тому +1

    Oooooooo... it's starting!!!

  • @aflodesigns
    @aflodesigns Рік тому +2

    bail ins are coming

  • @mikee5507
    @mikee5507 Рік тому +1

    THEY PUT WOKE PEOPLE IN CHARGE AT THIS BANK.....PEOPLE MADE THE CHOICE TO PUT THEIR MONEY IN THAT BANK..... WHAT DID THEY EXPECT?

  • @wolfseek
    @wolfseek Рік тому

    Bums hope they lost all that money greed

  • @sugarman08
    @sugarman08 Рік тому +2

    Same old same..... BAD LOANS

  • @MrChazz965
    @MrChazz965 Рік тому

    Another tech scam.

  • @aflodesigns
    @aflodesigns Рік тому

    janet yellen is a talkin corps man...why is she in that position ?!