But headlines this week, from the collapse of Silicon Valley Bank to Credit Suisse’s need for a lifeline to instability at First Republic, have made the business of finance a national concern. So when you hear the
is taking over, a Treasury portfolio is sinking or a bank was backstopped and bailed out, what exactly does that mean? . It’s an acronym for the Federal Deposit Insurance Corporation, an independent government agency that protects depositors in banks. It’s one of the main names as banking failures play out because it can step in and make sure the institutions are operating properly. When a bank fails, the standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Bailout Providing financial support to an institution that would otherwise collapse.
that lets it take action on a bank crisis that could drag down the entire sector with it. Though it’s pretty rare to enact it, the used this exception to take over SVB and Signature Bank last week. Discount window This is the Fed’s main way to directly lend money to banks and provide them more liquidity and stability. The loans last up to 90 days. Many banks are utilizing this tool right now because the Fed made it easier to borrow from the discount window in the wake of SVB to avoid further bank runs.
Banking system has been created by greedy, selfish, and crooked. And they have created the ugly financial scandal and will be in jail. Easy comes, easy goes. It is high time for them to read Confucius analects to earn benevolence and moral sense.
For CNN to parrot Biden’s lie that SVB was not bailed-out shows the advocacy role CNN plays under the guise of news reporting. CNN lies & misleads on several of their stories daily. This once great news organization has become a reliable lapdog for the radical left. Disgraceful.
President Trump 2024!
$300 billion bail out for the Rich… that’s what’s happening
Need your help kindly take notice of human rights violations in Pakistan over the last few weeks. you are our hope please raise your voice for us for the sake of humanity. they attack the house of former prime minister imran khan where his wife is alone without a lady inspector.
PakistanUnderFasicsm