In an extraordinary action to restore confidence in America’s banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday. In a related action, the government shut down Signature Bank, a regional bank that was teetering on the brink of collapse in recent days. Signature’s customers will receive a similar deal, ensuring that even uninsured deposits will be returned to them Monday.
That worrisome sign triggered a bank run that led to SVB’s collapse Friday. To prevent a repeat at another bank, the Fed said it will offer banks loans for up to a year in exchange for US Treasury bonds and mortgage-backed securities that have tumbled in value. The Fed will honor the debt’s original value for the banks that take the loans. And, as it did during the pandemic, the Treasury will also provide $25 billion in credit protection to ensure against banks’ losses.
Clown news.
DEPORTED back to South Africa after six years in Scotland. Don't drink alcohol don't take drugs. Grand parents From BRITAIN. Uneployment 14 million people in South Africa. Trades man. Now homeless in South Africa. No food banks. 🇿🇦🇬🇧 Home office Croydon London to blame.
Brandon is protecting his mates and donors. Somple as that
BIDENFLATION. HIS OUT OF CONTROL SPENDING IS NOW PUTTING BANKS IN PERIL. We, the tax payers, are bailing out banks, ILLEGALS getting free healthcare, college, housing and food, Ukraine, sky high prices for home heating oil, gasoline and groceries. One Fcuken crisis after crisis.
Democrats are complete failures along with their pathetic lapdog media
Their money is gone…. There getting tax dollars.
AMERICA IS NOW 100% BY THE CORPORATION$ AND FOR THE CORPORATION$! THE MEDIA REPRESENTS THE CORPORATION$! ENOUGH IS ENOUGH! WAKE UP AMERICA!
Hmmmm..... who's paying for this? Oh, I know....me and every other taxpayer. Bullshit!
But …. The money is gone?
Your boi Biden is powerless
Thanks for sharing the update. It must have been a tough time for the depositors. Let's hope that the process goes smoothly for them. On another note, how has your day been going?
Glasgow city Mission Cristian based. Refused me hot meal in winter.vslept rough. Don't drink alcohol don't take drugs. Susan Tulley said go back. 22 staff dislikes foreigners. Grand parents From BRITAIN. Don't claim benefits. 6 nights no food. 1:5 million pounds a year.
Save at least 50% of your Fiat currencies into CBDC than physical Gold which will be just commodity soon . Follow me and see steps to do that
Shut the border down! Causing violence and over population in cities!
We say no to election rigging in Kano, please we are appealing to all international observers, to put all their effort in rectifying true democracy in kano and free from elections violence.
河南还钱
CNN is disgusting beyond belief. Tucker: This video shatters the left’s narrative about January 6 via YouTube
I think all the money should be confiscated and be sent to Ukraine. This is the only logical way to help Ukraine’s cause. Also those who put deposits should sacrifice them for Ukraine.We have already used Russia assets I think government can start taking over citizens assets too
请关注 中国 有银行不给全国几千个家庭取款，储户们被逼制造 流浪气球，希望能飘到中南海 两会 问问，到底什么是人民至上！SVB XiJinping china Liqiang Beijing Ballon As parliament meets, China keeps would-be protesters at bay
Not about what you know. It's about 'who' you know. At least until the end of the Piscean epoch... Lots of wealthy NY State dynasties phoning SecYellen while POTUS doesn't have the gumption or energy to do anything on his own This bailout just might have ended democracy
So yellen said no bailout and within 48 hours they commence with tax payer fund bailout. You just can’t make it up.
Fascinating how cnn is here to cover for Biden admin and their pure incompetence. Never happened before …
These are the freaks that knowingly manipulated J6th footage to create a false insurrection lie that jailed hundreds of peaceful protesters. All in an attempt to get Trump. Thanks to Tucker their lies have been exposed. All should be locked up FOR TREASON.
California GDP is $3.1 T.
SVB market cap $252B fell to $106B. SVB raised $23B and still fell short. FDIC needs $50 B just to keep California innovation industry afloat just for a month.
This proves the failure of JoeBiden POTUS VP and NATO foolish support to UkraineWar as a result of the downfall of countries economy Save America West from war criminals like NATO POTUS EconomicCrisis warcriminal
Quit using tax money to bail out people
Unacceptable smh
Bad banking practices lead to these collapses. I once told a bank that their own bad banking practices would soon be closing their doors and they just looked at me and laughed. There's a second one that was quick to follow. That was so satisfying to see them just there and gone!
REMEMBER OCCUPY WALL STREET ANYONE WHO CANT SEE THE DEMOCRATS ARE BAD OR WORSE THAN REPUBLICANS IS NOT PAYING ATTENTION.
Oh look, this administration learned absolutely nothing from 2008. What a fucking disaster. This administration has been. The working class is getting fucked so hard now they can’t even see.
The democrats took power and fuckep up everything jeezzzzz
Sooo… Maybe the Biden Economic Plan is working after all…
Let's go Brandon!
Things aren't looking good for America.
Russia hit the Nazi NATO center in Ukraine, they should have shot the snake in the head much earlier, greetings from Frankfurt.
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Who thinks these 'bank' officers voted for Trump, the president of 'who needs regulations!'
The Fox is in cnn dolts.
👀👇
Terrible Headline - unfortunately, nobody seems to read the article. The government is not bailing out the bank. The bank had more assets than liabilities but they are not liquid.
Just another bureaucratic bailout from the woke left saving their collective asses.
Robbery for 🇺🇸
Wanna have a real laugh - ask the “stars” of the Trump-Christo-Fascist GOP House to recap in detail what’s going on with SVB, what issues led to its collapse, what actions should be taken now to resolve those issues and to prevent similar future collapses. I’ll wait.
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Source: CNN - 🏆 4. / 95 Read more »