US bank failures: What is being done to avoid another 2008 financial crisis? | DW News
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- Опубліковано 13 бер 2023
- The collapse of two American banks is sending shock waves around the world.. and putting pressure on markets. Investors are worried about a contagion effect beyond the US.
Asian shares are seeing steep losses on Tuesday
and European banking stocks suffered their biggest drop in a year. US President Biden sought to reassure depositors on Monday - insisting he will provide for the safety of the banking system. Meanwhile, however, ratings agency Moody's downgraded the debt ratings of collapsed Signature Bank deep into junk territory. Moody's also placed the ratings of six other U.S. banks under review for a downgrade.
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#Bankcollapse #USA #businessnews
The current bank crisis has me deeply concerned. If a major bank like SVB can experience difficulties, it's reasonable to worry about the impact on other financial institutions. I'm aware of someone I know who operates a rapidly expanding startup, and they were severely impacted by the bank run. Consequently, I withdrew over $340k from my own account, recognizing that FDIC coverage is limited to $250,000 and a potential collapse could have far-reaching consequences. At this point, I'm considering investing in the stock market. I'm wondering if anyone has advice on how I might proceed with this plan.
How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
Well the Collapse of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
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 Having a counselor is essential for portfolio diversification. My advisor is Nicole Joi Anderson, who is easily searchable and has extensive knowledge of the financial markets.
Interesting , the stock market is currently experiencing a decline while bond yields are on the rise. However, there seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to liquidate my $250,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current bear market.
@@DebraGuzman7485
Do you mind sharing info on the adviser who assisted you? I'm 50 now and would love to grow my stock portfolio and plan my retirement
Liquidate
@@DebraGuzman7485
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes Because I think Mr Jordan Marsh Bradford will be a good man. Thanks
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?
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
I'm really in great anticipation to hear the Fed chairman.But it is normal for markets to decline, inflation to soar, interest rates increased by the Fed, and Treasury yields to rise. All these point to additional losses for portfolios this quarter. But the turbulence always calm down
i hope it doesn't get worse than this, these times are very scary, pls invest smartly, the stock market isn't as easy as it sounds
Wait for the market to crash
That “bye bye” from the German Minster was hilarious. 1:36
He looks so happy lmao
It's insane that this banking nonsense is still going on. Inflation pressures will increase and who knows where this will all end.
@denisegamble2973 I do agree and in my opinion, considering the world today, the implications of rising or declining rates, inflation, has minimal effects when it comes to trading the markets. It’s about knowing when to get in and get out which requires experience and basic knowledge of market structure. The markets is psychological, it’ll be suicidal to ignorantly get it.
@@admillerrr Better still, seek the help of a portfolio
manager to passively earn and learn the markets at your pace
@@mvanwie Take myself, having faced my share of bad trades, Fortunately with the help of my Pm, Yvonne Annette Lively, I came to understand the essence of timing, capital, entry, exit, goal and how they each affect every asset. Currently hold a $415k portfolio averaging a 14% monthly roi in less than 7 quarters. So yes, I do know the importance of basic knowledge and delegation.
@@joecaruso06 Hold on, the portfolio manager with Morgan stanley? Was recently on a finup with Tate?
@@joecaruso06 Talking about Yvonne Annette Lively
Remember any dollar you have in the bank allows them to lend it over many many times over making themselves the profit not you .
Not indirectly, but by doing so, bank is essentially making new money and drastically increase the money supply in the economy, making borrowing cheaper and promote economic growth. If we were to revert this, we will suddenly shrink the money supply in the economy, causing credit collapse, making borrowing virtually impossible, and the whole world economy will burn, much worse than any economic crisis you will ever see. This is economics 101.
@@danaxa3550 yes, but economic growth leads to money spending, which could lead to inflation, which leads to interest rates rise, which eventually leads to a recession. It's also economics 101. So the lesson is, we are screwed either way ahah.
It's a myth that banks lend out other people's money. The 'deposit multiplier' simply doesn't happen. Banks create money whenever they loan, and destroy money when loans are paid off. The money supply or amount of money in an economy isn't regulated that way. Even the US made reserve ratios 0% a few years back, as do many other modern economies. Money supply in most modern economies is regulated using the central interest rate, and to most intents and purposes, it works pretty well. Of course we need growth, of course we need money spending and this leads to moderate inflation. All this is seen as a good thing - so long as it is controlled and moderate. Problems occur when - for political reasons - central banks are made to hold interest rates too low for too long.
@@zezuntxiduntxi "which leads to interest rates rise, which eventually leads to a recession" You missed a few steps. How does interest rate fluctuation guarantee a recession?
Once apon a time banks would keep your money safe and pay you for the opportunity to lend it to other low risk clients.
..... forget 20% down home loans without collateral.
.... forget car loans if you bring home 1% amonth
if those crooks had all their wealth (homes, yachts etc) taken away from them when they cause massive economic damage things would be certainly better
Looks like the US slowly turning into Russia 🤷😁🙁
This actually applies to this case.
The ceo who sold his stock should have to forfeit any income he made by selling early.
Ww need more personal responsibility in these cases.
When are bankers ever jailed?. Despite the massive damage they do to society they are just allowed to walk away time and again. Till these crooks are put behind bars thing will never change.
Funny you should say that. See, we don't even have to go that far. All we have to do is put some rules in place that would threaten these consequences if the crooks overstep. But we can't even do that because money, greed, and the crooks make the rules.
@@braxxian Iceland jailed theirs in 2008
here's what I learned from previously living in a country whose banking sector collapsed in 1 day. When they tell you not to panic...that is exactly when to panic.
Unlike the 2008 crisis, caused by compounding corrupt regulations (ergo systemic), this is a crisis caused by a small cohort of rich people who influenced other rich people to store their riches in one rich place. To quote how Patrick Boyle described this crisis, "it's the first bank run in history organized on Slack".
A Sunday Law will be The Mark Of The Beast when enforce by law, Those that keep Gods seventh day sabbath will be prohibited from buying and sell and persecuted. Jesus is coming are you ready?
Nooo, it is just an 'excuse', to introduce digital money...Everything for our safety......
No limit on withdrawals. Withdrawing too much money too fast caused the failure.
@@scientifically5812 with crypto losses to fraud already exceeding $1B/year I wonder what it would be if it was put into widespread use.
Sad part is all the dollars spent to convince us we can't already spend dollars, euros, or pounds online anywhere whenever we want.
@mike lorenzoIt's Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault, Biden's fault!
He's responsible for the shortage in baby formula; It's his fault it snowed in half the country; The leak on that space capsule was also his fault...
1:34 idk why that "bye bye" was kinda funny lol
What is being done to avoid another 2008 financial crisis?
Well, we've turned calendars to 2023.
This crisis is caused by corporate customers who no longer trust banks with ties to crypto currencies (that's what causes the bank runs), so the obvious remedy would be to do like the Chinese and ban crypto. It would be good for the environment too (because mining crypto costs more power than an average European country uses).
Stopped giving Kimmie missiles to play with??
@Dilbert Was Right I vote for the Second Gentleman!
@@JerehmiaBoaz no, not it.
This is not like 2008. These banks actually have more assets than liabilities. they just don't have the liquidity (free cash) to pay all the people who wants their money now. The US government seized the bank's assets, and paying the depositors now. If the US government hold those bonds to maturity, it should have a profit (asset > liability). I hope they keep that as profit instead of giving it back to the bank's executives and investors. They need to teach the executives a lesson.
The bonds are already sold, the losses are realized.
The government is levying against the entire banking sector to bear the costs of bailing out uninsured depositors that should have just been left to hold the bag.
Also executives and stockholders are already completely wiped out / written off.
@@aenorist2431 only some of the bonds are sold. Their 10k filing shows they had about $16 billion in equity, the losses on the bonds is still less than that. The government should get to keep the remaining X billion as fee or penalties to the bank.
Lebanon are same fate
With the high inflation rate, if the US government hold those bonds to maturity, it should have a nominal profit, but a huge loss after you adjust for inflation.
Assets such as what? A greater amount of a currency that's worth little?! Houses that are maybe 10 times more on value sheets than what is sustainable?! Oh and that other asset class, a bunch of "crypto" that has an ultimate intrinsic value of little more than zero! Maybe they they've got some million dollar tulips to add into their "assets" ;-) It's a joke 🤣
I think after, what, 20-30 years of bailing out "financial institutions" and never seeing them regain health, it's time to start strengthening the Americans who work to earn all this money being wasted.
Corporations don't have rights.
Yep!
Like George Bush bailing out of airplane!!
No they just own the government
But corporations have the money for bribing to alter the rules and regulations. Why nobody goes to jail?
Actually in the US, corporations have the same rights as an individual.
1:37 THAT SUMS IT ALL UP
I laughed out loud with that "BYE BYE!"
"will be fired" is a laughable phrase. As if a new management WON'T be number 2's.
Time for those rates to fall. It's ridiculous, you can't even get a loan these days, and that's preventing regular people from buying homes.
Time for rates to go higher. The house market need crash so people can afford to buy.
rates will still go up, inflation still hot and why the bond yield curve is inverted. few on this thread understand what happened at SVB.
FYI; over 60% of Americans can NOT afford to cover a $400 emergency, should it arise (pollsters have asked this a few different ways; "Could you come up with an emergency $400 if it was necessary to "travel out of town to be;by the side of your parent who is dying?" or if $400 in funds are not immediately available, given longer could you come up with the $400 to attend your parents' funeral?"
Or Questions like "If your family's only means of transportation (car, van, truck) broke down, and the costs of repairs was $400, could/would you be able to fix it?"
To those & many other similar questions, over 60% of the American people stayed that they could not afford either.
Thats so sad, even i that live in a way lower salary can afford a 400€ emergency
Yes we're already in the middle of the crisis.
All the SV tech companies are going through lay offs.
An econimic collapse will slow climate change so it's not all bad.
@@bingosunnoon9341 ok here is the statistics
Everytime unemployed goes up by 1%, 40,000 people dies...
Oh, But we have to take care of climate RIGHT !
Nothing. That's what to answer the title.
Your guest, Burghof, seems to have a good grasp of the facts in this situation.
NONE of the media I've listened to is going into enough depth to really explain the bits and pieces that all play a part in a bank failure.
Debt ceiling is near for US, SVB rated A by rating agency and yet collapse in 48 hours. It's CEO bailout before it's shares tanked.....
Japan lives perfectly with 250% GDP debt🤷
And the US only 90% .
Our economy is strong as heck he said, taking a bite of his ice cream.
if you invest in stocks you are taking a risk, it makes total sense that you dont get insured. if you have a bank account at a bank and the bank fails that is different from playing stocks, you should be insured
You are... Up to 250,000
if Government do not bail them out, no one will be confident to have more than 250k in their account. if they are not confident, guess what other customers of other banks will do?
@@Onion_Knights the contagion spreads and we have more bank runs because the very nature of fractional reserve banking means there is never enough money for all the customers withdrawing.
That's why there has to be a separation between investment banks and savings and loans.
Crypto and stocks should not be allowed as collateral for fdic banks.
@@DoktorLorenz yes, and the banking system collapse.. 2008 all over again
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Corinne Cecilia Heaney and everything changed. In in the first quarter of this year i made $370k and counting.
@@PhilipMurray251 Impressive, that sounds good but how do I reach out to Corinne ?
@@PhilipMurray251 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
If people want a chance to live in freedom with dignity, or to live period, they will have to get rid of 100% Corrupt-Cabal-Controlled-Inverted-Totalitarian-Police-State Government masquerading as a capitalistic-free-democratic-system of government that's never existed. As one of the cabal's agendas is to wipe out humanity down to less than 95% of the world's present population. The cabal controls over 95% of world governments and uses these governments as it's enforcement mechanism to insure it's anti-humanity agendas are carried out. It's not possible to successfully coexist with this inverted-totalitarianism on super-steroids. The ONLY way to successfully deal with this tyranny is to totally eradicate it primarily by guerilla warfare and tactics. Initially, the guerillas will need to kill down to insignificant numbers the police and military personnel of the corrupt-cabal-controlled-totalitarian state. This will remove the totalitarian government's enforcement/offensive/defensive component, making it much easier for the people that demand the chance to live in freedom and dignity to destroy the said government's infrastructure, and finally the Medievally killing if all the perps and their mjnions.
"Sensed something was wrong with the bank!" I wish I have "senses" like those!
Too much drive-thru! Like Stormy Daniel!!
They're orchestrating the bank failures. This is by design
I sure hope so , a 90 square meter apartment in copenhagem is like 800 k euro .
Keep printing paper USA!
Why is the FDIC misusing funds, it is a federal agency? Depositors are insured up to 250,000, so why is the fun being jeopardized by covering multimillion-dollar accounts that should have been managed better, and jeopardizing the future of the FDIC
They’re giving an advance from fdic funds that will be reimbursed when the bank liquidates. The bank has enough assets to cover the deposits, but they may take months to turn into cash, So it’s cash in hand for these small businesses out of the fdic piggy bank until those assets are sold to pay fdic back.
It's not, bank assets bought by competitor.
I heard that they were playing very safetly.
How many banks under pressure
possibly this time more contigent than 2008.
If bank rates will cause home owners to lose homes, jobs to be lost, then why are people and businesses surprised about businesses and banks failing due to the same interest rate hikes? As mentioned briefly, rates should have gone up slowly a year before they did. No market ever reacts well to quick changes in rates.
And unlike banks, when you lose your home you don't just get a free couple hundred million from the government to go buy another one.
I say much sooner than 1 year but covid kicked in. Rates should have gradually risen since 2011 and stop the quantitative easing BS.
@@benvella5008 I honestly think rates aren't the problem and should be set at one rate and left there. The problem is stagnating wages and the ultra wealthy avoid taxes. This was done through mega mergers, consolidating power, buying out the media and lobbying governments, etc.
I know those at the top want to keep what they have and get more of it, but the world is finite and they've already scraped from the bottom of the barrel and there's not much left for poor peasants to give without risking revolt.
Women entering the workforce, having retired people return to the workforce, increasing retirement age, hustle culture of having multiple jobs, the elimination of full-time jobs for part-time jobs are all ways businesses have increased the workforce over the past several decades. When there's more demand for jobs wages goes down or stagnate. The dream of retirement is only for those at the top of society these days because of all this. I'm not sure what the next form of work there is that will put employees at a further disadvantage, but once it happens expect to see social media to make it seem like the next big trend.
People on the corporate management should be made to pay a huge sum even if they already left.
Silvergate too.
Reinstate Glass Steagall Act, commercial banks don't fail, Investment Banks do. It should not be a risk to deposit your money into a bank.
The anchor cut him off when he started to criticize capitalism. I disliked that.
The bank YOU choose to use is the risk YOU take.
No more bailing out the banks.
SVB triples their deposits from $70B to over $200B in 2 years. Clearly they did not have the adequate risk management staff in place. Additionally there was speculation by the VC community.
Tripled in 2 years ? Is that so ? What accounts ?
SVB bet on inflation being transitory, they lost that bet.
@@nuqwestr agreed. They didn’t understand the basics.
Let them fail, everyone knows the government will bail them out if they take risky bets.
It’s inevitable. The poor will be screwed over again
Blame the Voters and their Phony Electoral College run by Sugar Daddies!!
Let them FAIL!
Banks are still irresponsible even after 2008. Too big to fail model
If the dollar and the euro no longer have a global monopoly, then everything is logical.
Reality is the USDollar, the Euro and the Pound,
to a lesser extent, are the three of the main currencies used in international trade.
@@public.public How long will it be like this?
@@renatsafiulin392 There will always be only a few currencies which will be used in majority globally. Because this is how the global market works. Its something you have to accept.
@@RuLeZ1988 How much more gold should rise in price and how many banks should go bankrupt for you to believe that this is no longer the case.
And logic dictates that more failures will occur and when they do the situation will start to snowball. The dollar is going to tank. Or make that "tahks".
It was not appalling risk management as their was no risk manger to hedge
I operate my conveyance with my eyes closed, that way I can legally claim I didn't see speed limits, red lights, fire trucks etc.
1:57 what the heck was that, uncle joe!😂😂
When America sneezes, the world catches a cold.
@Jakejr Ly
If the world smells bad, America may hold its nostrils and stop breathing.
@@ronnrd5937 haha, we are all in this together
Banks providing emergency liquidity if enough collateral is present would help . That would be the industry taking care of itself instead of running to the government.
Fed is doing just that, temp funding based on assists held at par, a safety valve, done deal.
US Fed said that not all banks will be saved. This caused panic; people are moving their money from small community banks to big banks; thinking that big banks are too big to fail.
Executives should return their bonuses!
So happy that tax payers (me) will not have to pay for bankers' errors and that people with deposits in banks (me) will pay indirectly through FIDC.
That money will still come from the taxpayers...
No.
The 2008 crisis never resolved, the government just borrowed more money or printed more then just kept interest rates low for 15 years hoping everything will work out! All while the price of assets, homes etc have shot through the roof. Could be a crash twice as big as 2008 coming soon.
What is the solution to inflated house prices?
@@4grammaton A federal housing program on a large scale!
@@4grammaton we can't privatize our way out of this but they'll try
I like when he says "buh-bye!"
Theres no way the insurance fees can cover all deposits.
Yes there is.
You'll be fine people
That's why my money's under my mattress. My mattress don't collapse, y'all
@ 1:35 bye bye 😂😂😂
The failures with Silvergate, SVB and Signature banks are due to all three banks having *TOO* narrow a focus in terms of bank deposit investments. There's a dictum about investing: _do not put all your eggs in one basket_ . The banks I mentioned had too narrow a focus, and as such one mistake could have horrible consequences.
These banks were heavily into ESG management.
@@Georgtunbridge sounds like it.
I don't know what to think at this point, the Fed Res and the Biden admin have everything so jacked up.
Ez to talk. Who doesn’t want diversity? But they don’t have money to do so
@@cathie3874 in a bank? Who the heck cares what the banker looks like, I just want them to be the best at banking and protect the depositors. You don't EVER hire for anything other than competence in their field. If you care about their race, sex or anything else you are a fool and a bigot.
@@edwo6648 not many assets to buy you know in these days. US treasury bill is the best thing they can buy. And fed is selling them alot. u know increasing interest rate is actually selling bond
Is coming
Funny how China evidently has 240 M in SVB Bank. Then ta-da, a bailout! Hmmm.
I'm liking these hot new hires by DW.
Can someone explain it to me like i`m 5? Why is it that this happened (seemingly) in the USA. I am in Canada and I have never heard of a bank collapsing here.
Nobody knows for sure, however people keep using this for their political agendas. But if the US has a financial crisis we will feel it in the rest of the western world too. Which is horrible since Russia and China are acting up right now.
Candian banking sytem may not have misused the FIAT currency to extreme, also canadian dollar was not used in petrodollar and asian conitinent. Now large faction of world is not willing to use dollar anymore. To maintain dollar its value in its market fed is increasing rates that's causing inflation and collapse
@@manishyadav4052 nonsense
SVB used depositor money to invest in 10-year US treasury bonds in the belief that inflation was transitory. The bet turned bad when inflation went long, and 10-year bond yields went down as short-term bond yields went up, called an inverted curve. Depositors could make more money on short-term bonds so wanted out al at once, bank had assets but no cash, forced to sell bonds and securities at a loss. Because assets good, SVB taken over by other banks and no one got hurt.
The Fed Reserve just created a program which will provide liquidity to other banks that face same issue. So a plan in place.
@@nuqwestr main fundamental reason of for fed to increase the interest rate is to maintain value of dollar, because in last deacade trillions of dollar was printed, now world is in process of de-dollarization so consumption of dollar outside USA is significantly decreasing. If market is flooded with free cash it wont have value. Unit now value was maintained because of consumption dollar outside US as well.
If dollar was pegged with gold, fed couldn't have printed trillions of dollar and this problem wouldn't have arrived.
US governement to make sure dollar is used , they have created militiary industrial complex and they always find new place to wage war...ukraine example is recent one.
Once china and japan will dump US treasury bond, value of dollar will go further down.
Nothing you need glass steagle restored, but they won't do that.
Thumbnail tells me all I need to know about what’s coming down the pipeline. My people who are enlightened by the most high know as well.
Make banks boring again for the CEOs, CFOs , directors and all employees including customers like 1900s by regulating hard and trust me they will not crush again.
Regular banks are safe, these "Specialty" banks are few and do not effect normal folks with regular savings.
I hear banks insured by the FDIC will pay a premium in insurance to mitigate the crisis. Do you think regular banks saving rate will increase or decline?
@@chocolateearrings banks already pay into FDIC, there may be a new tier insurance program put in place, but not yet. Chase has a short-term 4% CD offered, very popular.
The change in interest rate problem is a 10 yr problem. Many banks as well as pension funds and insurance companies hold long term low interest bonds. (US bonds 31 Trillion that if marked to market may be worth 16 trillion.) Add to that European bonds and corporate bonds and the total loss may be 40~50 trillion. SVB is broke now but these bonds are 10 yr bonds. Other banks and financial institution may not fail now or this year but over a 10yr time frame their losses will be huge. The mistake was the fed kept interest rates near zero for 14 years about 12 years too long. SVB is the start of the crash, the bailout is not the end. Powell and Yellin will go down in history as the two that removed the US dollar as the world's reserve currency.
Inverted curve, no one has mentioned it, or that SVB bet on inflation being transitory and lost. Fed just put in place a short-term loan program to provide temp liquidity for banks facing similar issue, so panic button in place.
This is not just about banks. The SVB - among other banks - is just one of the first dominos to fall. Attached to that you have a plethora of greedy investors who wanted to maximize their profits through risky VC investments mostly found in the tech sector. You can also be sure that many other big institutions have money on the line either directy through their own investments or indirectly through large ripple effects in the market. Then you have again people who are betting against the financial sector to make a quick big buck. It's not surprising that you can see the typical candidates either screaming for or against bailouts depending on their own stake. And yes, it is effectively a bailout even though people don't want to call it like that. The sad truth is that in the end the ordinary people will pay for that perverted gamble one way or the other.
No, not it, SVB believed inflation was transitory and made bets on treasure bonds, bets failed and they panicked. Federal Reserve just instituted program that will be a safety valve for future panic.
nope
None of these banks are missing meals. They are losing everyone else's money, not their own.
It's good that the govt is protecting depositors. Investors know the risk.
It already has with 26 Failing Financial institutions in 2022, and as of March 14th 2023 we are already at 16. I smell a repeat of history. 💔
Consumers have lost faith based upon past matters. Yes, the Federal Government stepped in quickly but it was over looked for too long. More should have been done way before now. A day late and millions of dollars short. 💸
Meanwhile in Vienna, an Art School has just rejected an application...
To be continued...
US made financial crisis passing onto the rest of world sooner or later 😅
Just do not use dollar and you are safe 🤷
same as 2008 economy crisis in greece and stuck in danger angaist turkey
The ones who are running the world economy have protected themselves very strongly from market discipline
The banks are going to bail themselves out ???
How in the world could that work ???
Already is!
Just bring down the Dollar value ffs...
Never
He is such brave mom’s son, can guarantee not evolving
i want to know if these banks lent money to Elon Musk for Twitter , can anyone say ?
After 2008 crisis, better be safe than sorry
Before I even watch this video I can say..their only answer will be print more paper towels eventually someone’s going too realise it’s cheaper to use digital version of all that paper now only worth wiping your hands on and ultimately at least we won’t have a problem wiping are back sides
The German bank should also unite with Bank of American Bank run
No, the banking crisis will not spiral.
Are you a CEO of another bank in California 🤔????
If the banking system is safe, why is it failing?
Is it a scam? 🤔
This has nothing to do with 2008. It holds nothing in common with 2008. Stop spreading lies
FOR THOSe OF YOU THAT SURVIVED 2008 …congrats on not being a 15 year old
{I have no financial interest . Information only}
Insurance above the FDIC limit :
The Certificate of Deposit Account Registry Service, or CDARS, represents a network of banks that insure millions for CD savers.
This is nothing like 2008. This is isolated to a few banks who made bad choices
Yeah, 200 000 tech jobs layoffs (because people can't afford to buy landing pages I build) is just a coincidence, right 🤷????
@Luke Frank
It’s for today. Tomorrow may be more fun.
Wall st predicts CREDIT SUISSE is next after borrowing $11 billion dollars in CDFs ( credit fault swaps )
it will affect badly all of the World but especially economy of Europe
It’s not the same as 2008 crisis whereby US largest investment bank (Lehman Bro etc) went bankrupt. SVBank and First Republic are small mid-size banks that went out of business due to mismanagement. Hence, the US tax payers don’t need to bail them out.
Ironically, the CAO at SVB used to be with Lehman Bros!
This is only the beginning.
FIRED! that's it
Missing Question is upcoming fed interest rates hiking.
25bps instead of 50bps, my prediction. inflation still around 6% annualized. lot of trash talk here by no things.