72 comments

  1. Bring back and Implementing The Glass-Steagall Act effectively separated commercial banking from investment banking.

    1. @D P Except that the bank’s failure was due to their investment portfolio being heavily concentrated in a single asset type… kinda like MBS during the recession. Sensitivity to Market Risk is a thing that banks have been required to mitigate since 1996.

      This shouldn’t have happened.

    2. @Andrew yes they did not hedge out the low rates. But that is not investment banking. SVB has some investment banking operations but it is small and their trading desks don’t take any risk

    1. @adam many companies, investment funds would go under. the employees would lose their jobs. the companies that got paid by those companies would have to let people go. There would be big ripple effects.

    2. @adam the bank just bought bonds. the fed made them do it. they didn’t do anything risky. The fed shouldn’t have raised rates so fast. Sure they could have hedged against interest rates rising fast, but historically bonds are great safe investments.

  2. Never underestimate the power of the wealthy. They will always get bailed out, always. 2008 taught us that, and not one of these bank CEO’s or managers will pay a price for their failure that lead to this.

    1. @toeknee in fact, you can thank him directly for helping cause this mess. He also deregulated the railroad industry which helped cause the derailment in Ohio. Super great dude, right?

    2. @toeknee by the way, feel free to continue commenting, but I will not give you any more of my time. I don’t talk to conspiracy theorists, it’s a waste of time.

    1. ​@Eddie Gardner not true at all, the CEO and CFO sold out, and the super deal they gave somebody selling their mortgage package out. How many other insiders do you think there were, and what happened to all this money to create the situation of being short

    2. Before the collapse they gave out huge bonuses and the CEO sold his stock holding two week before the bank closure

    1. @Randy Hollinger If the government is going to bail them out, they should do so in an amount less employee bonuses paid out.

  3. A bank’s most valuable asset is the public’s trust. Once that has been lost, or compromised in any way, it becomes very difficult to continue as a viable player in the financial services sector….

    1. Fantastic. They had established trust for 40 plus years. They were making good-faith financial moves which went viral on social media, resulting in a run on a very trusted bank.

    2. @1andonlybre Just leave your money and then wait for how ever long. Not many people like that plan for some strange reason.

    1. But they can’t socialize student loan debt, or massive medical bills for low income families. 🤔

    2. @T. R. Campbell So we now define thieves and grifters politically now? Another gift from the grifter in chief who keeps on giving.

    1. This had nothing to do with bank bad behavior, more like big liberal government bad behavior, printing money!!

    2. @Andrew it failed because they bought government bonds cheap when interest rates where low, and know they’re high and the bonds are worthless all because Brandon printed money causing inflation.

  4. Yellen: we will not bail you out! But we will guarantee your deposits ! Lol 😆 🤣 😂 😹 😆 🤣 😂 😹

    1. The FDIC will get paid back over time. The FDIC fund is paid for by banks. Plus if the FDIC can sell the bank for a decent amount they may not have to front anything

    2. Why not disclose where are the funds coming from. They claim the funds are coming from FDIC reserves, and where did that money come from? Taxpayers.

  5. Trying to stabilize others so everyone doesn’t go trying to make withdrawals Monday from other banks across the country

  6. Lmao not only does this give too big to fail energy but a bank run is practically guaranteed now. Markets shook to their core. Gotta love fractional reserve banking

  7. It’s not “resilient” if the government has to step in to come up with one-ff schemes to bridge the gap. The government’s circuit breakers were broken.

    1. I’m glad to see Mr Michael Burry mentioned here, my spouse recommended him to Me after investing $4000 and he has really helped us financially in times of COVID -19 lockdown here in Australia 🇦🇺.

  8. All other Banks: “Its open season boys! We can do whatever we like, won’t be liable for a dime of it! Yeeehaw!”

  9. This sure goes to show the prominence of financial management. I can only wonder what sort of analyst they hired.

  10. The annual rate of price growth cooled to 6% in February, according to a U.S. Bureau of Labour, Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point.

    1. Since the crash, I’ve been in the red. I’m playing the long term game, so I’m not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

    2. @Dr.SienaHoyt There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

    3. @Moore I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

    4. @Garciá I have stayed away from all of the issues that the erratic market presents. Today, reading, research, patience, and seeking guidance when necessary are the greatest ways to break into the market. I merely copy Susan Bauer Normansell a CFA, whose actions I witnessed on Bloomberg Business News because I am unable to handle my portfolio owing to the nature of my profession. Ever since, everything has been easy.

    5. @Moore Thank you so much for this tip! Finding your coach was a breeze and I was really impressed with all the research I did on her credentials before scheduling a call. It’s clear from her résumé that she’s extremely knowledgeable and skilled, and I’m so excited to have the chance to talk to her!

  11. The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades with the banking system collapsing. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than $25,000 a year. My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains.

    1. @Leo Jack I am sure the idea of a Financial Advisęr might sound controversial to a few, but a new study by Motley Fool found out that demand for Financial Advisęrs sky-rocketed by over 41% since the BREXIT and pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I’ve raised over $63Ok from an initially stagnant savings of $8Ok all within 16months. Credits to Melissa Scott Glazner my Financial Advisęr.

    2. @Tom D I thought I knew it all when I was practicing with my demo account but I lost a lot of money when I began my life account , before I met this expert Melissa Scott Glazner that’s the turning point of my life I’m grateful I did believe her

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