United States Treasury Secretary Janet Yellen is reportedly working with regulators to address Silicon Valley Bank collapse and protect investors, but not considering a major bailout.with CBS News on March 12, claiming that regulators are designing"appropriate policies to address the situation" at the bank. She stated:
Regarding the fact that most accounts at SVB are unsecured, Yellen noticed that regulators are"very aware of the problems that depositors will have, many of them are small businesses that employ people across the country. And of course, this is a significant concern, and working with regulators to try to address these concerns."
Yikes... Sounds like a bailout though no matter what they do
svb bank broke due to many withdrawals, remember yesterday there was also a big draw on Binance. however Binance did not go bankrupt and is still standing strong today...
Of course, how many bank can she bailout with our taxpayers money…it will occur domino effect…she needs to do it expediently. Tough job now!
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Janet Yellen: Government Is Monitoring the Silicon Valley Bank CrisisTreasury Secretary Janet Yellen said during a House Ways and Means Committee hearing Wednesday that the government continues to monitor the Silicon Valley Bank crisis. …I’m sure it’s just transitory… She needs to go She’s a incompetent reprobate
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Janet Yellen Convenes Regulators over Silicon Valley Bank CrisisTreasury Secretary Janet Yellen on Friday convened leading financial regulators over the Silicon Valley Bank crisis. She as competent as the test of JoeBiden admin. Is that jimmy saville reincarnated? It's apparent that woke banks go broke.
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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.
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Silicon Valley Bank closure: Yellen says banking system 'resilient' as she meets with regulatorsSilicon Valley Bank was closed by the California Department of Financial Protection and Innovation after its parent SVB Financial lost a record 60% of its value. The bank’s failure is the second biggest in U.S. history. What’s she smoking they just lost 200 billion dolalrs
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Yellen says no federal bailout for Silicon Valley BankWILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money . Good. Thank you SecYellen The FDICgov should cover deposits up to $250k only. If Congress wants to increase that limit for the future it can pass legislation & FDIC can increase insurance charges to be prepared. SenatorHick SenatorBennet RepDianaDeGette I'll Have to See That Before I Trust Feds, Again... CreditScoresEmptySavings ✌️ OverDuesDone 🥠 Good. Be consistent.
Source: AP - 🏆 728. / 51 Read more »
Janet Yellen: Treasury Department is monitoring ‘a few banks’ including SVBTreasury Secretary Janet Yellen says Friday she's tracking Silicon Valley Bank’s problems as it deals with big losses. Can’t this open at any price? $300 400 $30 This lady has fkkkkked the economy Was the Silicon Valley Bank selling U.S. treasuries that it might have termed as securities?
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