“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we’re certainly not looking,” Yellen told CBS News when asked if there will be a bailout. “And the reforms that have been put in place means that we’re not going to do that again.
California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation. The FDIC is acting as a receiver, which typically means it will liquidate the bank’s assets to pay back its customers, including depositors and creditors.
Are you going to update this?
So, in the battle between severe recession and hyperinflation, we seem to have chosen hyperinflation.
Didn’t republicans bail out banks and airlines in 2020 when the pandemic was happening.. and now they need more money? Interesting republicans support this but not $10,000 in education forgiveness.
They will bail them out…they have images to protect…this govt has no choice but to keep printing more money….you cant stop what you’ve started….
Since the public is bailing out depositors as it is, we are essentially supporting public banking. Let's allow shareholders to make democratic decisions about what gets funded and return profits to support jobs and local economies, not to enrich shareholders.
Well we know that's a lie.
Go Woke Go Broke
Werk
SVB is scurrying to change the name to Kiev Valley Bank by Monday then will ask again.
I wonder if svb was funding big energy companies instead of tech if the biden administration would still think about bailing them out..🤷🏻♂️
Good
Well hey look at that. Sensible. Now stop sending money to Ukraine
They don't need to bail it out, they will find a cheap buyer. This is what banks do in America, take peoples many run away with it and then declare insolvency knowing fully that Taxpayers will assist other banks to buy them cheap.
These idiots in government are destroying American Innovation!!! No Bail out because the government failed to protect deposits under Dodd Frank, because Bigger Government and Yellin SUCK!!!. They have hundreds of billions for Ukraine but none For You!!1
This is probably part of the Build Back Better plan.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm: hiltzikm Venture capitalist are garbage people let them burn hiltzikm Biggest bank to fail since WAMU in 2008...this is unsettling news since we recall what 2008 was all about. hiltzikm This piece is incredibly ignorant. The author appears completely unaware of how California pays its bills, not to mention how this has already spread to LA; today, a major film production payroll company has informed clients it can't process payroll due to funds frozen at SVB.
Source: latimes - 🏆 11. / 82 Read more »
Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley BankTreasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank That’s good. Reality she knows the US Government doesn’t need to bail out SVP. She’s scoring political points. Oh monday will be funday Futures will be limit down. Bonds rally hard and banks collapse. $hit hits the fan tomorrow morning
Source: CNBC - 🏆 12. / 72 Read more »
Treasury Secretary Janet Yellen Says Feds Won’t Bail Out Silicon Valley Bank“We’re not going to do that again. But we are concerned about depositors, and we’re focused on trying to meet their needs,' Treasury Secretary Janet Yellen said. Good Good. Stop bailing out companies! Let them fail! Unfortunately for SVB it’s in America not Ukraine
Source: thedailybeast - 🏆 307. / 63 Read more »
Silicon Valley Bank won’t get bailout, Treasury Secretary Janet Yellen saysYellen, appearing on CBS’ “Face the Nation,” said the government wouldn’t rescue the nation’s 16th-largest bank, as was done for hundreds of institutions during the fi… I won’t hold my breath. By the end of this week Yellen will be talking about a bailout! Can’t crash it and save it.
Source: nypost - 🏆 91. / 67 Read more »
Crypto bank Signature slides on Friday amid troubles at Silicon Valley Bank, SilvergateSignature Bank shares dropped as much as 32% on Friday and were halted amid a sell-off in bank stocks that continued for a second day. So cute the new cake 🤣 Looked like California based bank stocks are down 30% today.
Source: CNBC - 🏆 12. / 72 Read more »
First Republic leads regional bank rout as Silicon Valley Bank crisis raises fears about bond lossesFirst Republic leads rout in regional banks as SVB crisis raises fears about bond losses the U.S. Congress and the U.S. government should investigate the relationship between Anthony Fauci and Wang Yanyi, the director general of the Wuhan Institute of Virology. They had sex in Four Season hotel and Salamander hotel in Washington DC
Source: CNBC - 🏆 12. / 72 Read more »