The Biden administration scrambled this weekend to restore confidence in the US banking system after the collapse of Silicon Valley Bank and Signature Bank. CNN’s expert panelists discuss. #CNN #News
Hear experts discuss fears of banking crisis amid two bank failures
Banking execs sold the shares before this became apparent. Hold them accountable not bail them out. Nothing is to large to fail. That road never ends.
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@jeff Rodgers we will.
@wolf north lmao. Trump lost buddy. He will be getting indicted soon.
News says the bank failures been brewing for a year. Guess regulators were crooked, asleep, or out of touch by incompetence. Didn’t see interest rate increases did it.
@Harold Moore I don’t supporting azov, KKK or BBB.
You supporting Azov and BBB. lol
Why didn’t these bank managers tell anyone about these problems months ago? That’s why they all deserve to be fired.
The bank run happened very quickly, just a day or so.
@David Whitlock yes, like the zombie apocalypse.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you…prevent inflation
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Because of high interest rate, so many loan can not be recovered and it means a big loss to bank.
BE SURE —- to thank the buyers and sellers of snake oil, and the deregulators who made it possible.
I’m done with the internet today watching people get away with crime turns my stomach it’s a slap in the face to us regular folks. Here’s something once again that you would never be able to get away with. Smh there is no law why do we even follow any rules when there are people who get away with crashing a bank and everyone just goes home with a check like wtf is that. Smh unreal
Agreed. It’s disgusting
i am so Happy to see your emails , Thank you😀
It’s one big club and we’re not in it.
Chris Martenson has good analysis on this and possible solutions.
If you knowingly deposit more than the FDIC max at a small, high return bank than that is on you in my book.
Why? Yellen just told us that it doesn’t matter how much you have in any one account, all depositors will be made whole. Always.
Doesn’t matter. BAIL-INS can take everyone deposits (regardless of amount) if the Banks need liquidity.
Facts I only put a little bit in the bank I got everything else on me
When they say not to worry, that’s when you should be worried.
i am so Happy to see your emails , Thank you😀
You voted for Biden. You deserve this.
I feel this should open the debate for more regulation. I worked in banking for years – it’s a twisted and evil industry.
The debate for more regulation after the last crash resulted in the Dodd-Frank Act, which Trump rolled back. Even if we had just kept the regulation we already had we’d be much better off.
This is going to result in smaller and medium sized banks to be gobbled up by the 4-5 largest banks, thereby reducing competition and consumer choices. It is also giving more power to the Federal Reserve. It’s all leading to a central, “digital currency” that will mean you no longer have control over your “money.”
Bingo!
Nothing like making 2 million dollars before closing up your shop. I may not be very smart when it comes to business dealings but I would sure try to pay back than to take. The little guy is the one who suffers.
If you’re not familiar with banking history, get familiar. It will help protect you and your Country. In the movie, It’s a Wonderful Life, George Bailey knew what to do.
After the 2007/2008 bank crisis supposedly many regulations were put into place to prevent a repeat. On top of the new regulations the Federal Reserve is required to carry out regular stress testing on banks in the banking sector, with provisions in the Dodd-Frank Act on Federal Reserve stress testing. The Federal Reserve is mandated to conduct two types of stress testing annually: Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act supervisory stress testing (DFAST). The public deserves to know what the results were for these stress tests and why these banks were allowed to not have the assets to back their investments.
@Sarah Brown I realize the Fed’s exempted banks with a 100-250B in assets from maintaining a standardized “liquidity coverage ratio” but they had to keep their short term wholesale funding levels below a certain amount. You would think a lender would by law have to have enough liquidity assets to survive a crisis and fall within the liquidity coverage ratio. We all know a crisis will occur the variable is when. So would Silicon Valley Bank trigger any flags with their short-term funding levels prior to their collapse with the current regulations?
@bizee rog yeah, it’s obvious in the comments section. lol.
@pm I actually edited one of my comments and removed “The core issue with the banking system is greed, incompetence and lack of regulation”. If I left this absolute statement which really applys to everything we deal with my question would not have been answered. Was it deregulation or not enforcing the existing regulation? Appears the answer is both.
go after the Bank CEO’s for the balance, their mansions, their yachts, their portfolios and offshore accounts – bleed that money they stole out of them.
So, on one side he still says it was ok to deregulate those banks and have them do far less stress tests, but in the next sentence he says that regulators should have told those banks where their risks are? … Dude, you can’t have it both ways: either regulate the banks and then you can blame regulators when they fail, or deregulate them, but then it is their own responsibility when they bake risks into their structures.
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Every day we have a new problems. It’s the new normal. At first we thought it was the bank collapse secondly its crypto dying off , now we know it’s a new normal where can we safely invest our money . this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can’t afford my hard-earned $780,000 savings to turn to dust
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 her1
we should all support our president in this time of trouble and not condemn him he can handle this
We didn’t have these problems when Trump was in office.
scam thread
We simply don’t know the risk? Banks were only required to have 10% of your money at all times but since covid, they’re required to have 0%. They only keep enough to do business, though in this case they can’t even do that. Bottom line, if just 15% tried to withdraw all their money, the majority of banks don’t have it and would call the police & feds to stop it
Our time had reached its zenith, and it is now over. Everything not just banks collapsing, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologise if you are considering retirement but are concerned that your pension won’t cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
@Gsidi Gsjid Melissa Scott Glazner is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@Gsidi Gsjid Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start the year on a woodnote financially..