The federal investigations are in their preliminary stages, a source said, and are looking into both the bank’s failure and the actions by senior executives in the lead up to the decision by federal regulators to close the lender last week. To this point no individuals have been accused of any wrongdoing and the person familiar with the matter noted that investigations into a significant event like the failure of Silicon Valley Bank are common.
The DOJ did not respond to CNN’s request for comment. 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.
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Most of these companies weren’t filling some vital market need.SVB offered “banking services to startups that often weren’t profitable, in some cases didn’t have a product & would otherwise have a hard time getting a line of credit or a loan from a larger bank.
Heads will roll
Lügenpresse, ihr habt uns mit Corona belogen und tut es immer noch. Jetzt belügt ihr uns über den Ukrainekrieg. Ihr seid keine Journalisten sondern Vasallen der Politiker. Dritte und Vierte Gewalt im Staat wurden von Eliten okkupiert.
Amazing, too bad they won't do the same thing to Hunter Biden's Laptop and the FBI for hiding it since 2019.
Care to comment?
We just bailed out all accounts for band SVB the most connected and richest ZiP Code in the US. I have not heard 1 Democrat say this is racist, or white supremacy favors.
Have you have a list of the depositors? And how much of a bailout they received. Are bailouts considered income?
CNN PLEASE CHECK OUT MY PROFILE AS FAST AS YOU CAN?
IRGCterrorists ✌️🏻💚🤍❤️ WomenLifeFreedom MahsaAmini We, the people of Iran will win this battle, not the terrorist regime of the Islamic Republic🖕🏻
In Pakistan, the security forces are leaving the funeral of fundamental rights. The people of Indian Kashmir are more calm than the people of Pakistan, especially Lahore. In Pakistan there is a law of the jungle. Security forces are killing people and journalists. world is silent
FDIC covers $250K for average citizens. Only the RICH were in trouble. Biden promises the RICH will not suffer. Board of SVB has Only 1 member with knowledge of banking. The others are all Democrat Mega Donors. You should put Hunter on the board.
If you are looking for al aw graduate don't hire from Stanford or any ivy league university. Why import trash into your organisation?
These are the violent terrorists that went into the capitol on J6. This was hidden from you. Only two women were killed that day and both by cowardly cops. Both murderers got promoted! Thanks to Tucker for exposing this total fraud. Wray and garland need to be jailed over this .
Brandon propping up his mates and donors. Just like FTX. Ordinary Americans will pay thru higher taxes and fees.
DemocRat politicians are the enemy of every American
70 million in BLM and ActBlue donations... Money Laundering Scam like Ukraine/FTX for the Evil DemocRats
Imagine that…another democratic money laundering scheme
😈se llevaron todos los 💸💸💸💸💵💸💵💸💵dólares pero quedaron los bonos 📜📜📜📜📜📜📜no todo es perdida ..🏛️esperemos a que los bonos estén seguros 🏦
And in other banking news...
How about opening an investigation into the Federal Reserve for sabatoging our economy with constant, indiscriminate rate hikes?
They'll blame it on the previous administration like they always do! 🤦
I want to see a bachelor show with a black male bachelor selecting from a pool of all black women. Will be interesting
Seems prudent
Erin Burnett, on OutFront, is following Republicans down the 'woke' rat hole with talking points from Republicans. This is CNN swerving right!
they were lending money they didnt have based on future returns , its a common ploy
Nobody really cares… Like all the other “ investigations” it will be lots of time, lunches, money, and nothing will happen.
According to Business News: Moody's Investors Service announced on Tuesday it has CUT its outlook on the 'entire' US banking system from 'stable to negative,' citing a 'rapidly deteriorating operating environment' despite the regulators' efforts to shore up the industry.
'We' are connecting the dots. California's Department of Financial Protection & Innovation V GavinNewsom V RepGaramendi V SecYellen V JoeBiden Crisis to 'save the day'. All for politcal gain. exploitation
Corruption looking into corruption? Asking for numerous individuals.
Is incompetence a crime? It should be. Will the people that caused this be held responsible? History has shown they won't.
Lock Peter Thiel up! He and his fellow travelers started the run on this bank. Lock up the execs to for good measure.
Sure
A POLITE INSURRECTION?
Brilliant. JP’s policies are designed to break stuff but they investigate the outcomes rather than the cause. Nothing against JP but this is what QT results in. ( probably worth looking into despite my rant as fractional banking needs to change.
Merrick Garland couldn't get to the bottom of a well if he fell in head-first.
Now that is broke🤣🤣🤣
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It's simple, SVB invested in US government bonds, US government devalued money, when SVB clients were scared and tried to withdraw their money many at the same time, they didn't have the money at hand, no bank does, US gov decided to not support the bank, they let it collapse.
How many more times will the working class have to save everyone?
But, but, but tRuMp!!! ORaNgE mAn bAdD!!!
BREAKING:
Sure they are..
Willing to bet the executives will not be put in jail, they will get to keep their millions that they short sold in Feb, and they will not get any jail time.
Do we have a list of depositors? And how much they were bailed out. Is a bailout taxable income?
I wonder how much money Joe had in that bank.
Go woke, go broke!
Pretty simple. Go woke, go broke
No need to investigate anymore, it's all insider trading
Are investigating but no results
They should ask sleepy Joe; he knows!
SEC’s job is to protect investors. Instead GaryGensler was busy hanging with SBF_FTX trying to plot a monopoly on crypto in 🇺🇸 , suing celebrities, wrongfully going after decentralized platforms, and now starting an investigation after 2 and 3 bank failures. DefundSEC
oh thank god i feel so much better thanks
Ask Trump why he removed regulations Biden why he didn’t reimpose them
Fractional reserve banking doesn't work. Mystery solved.
Too late to control the damage. But it’s very good and important to learn and move forward.
We will in 10years time do a public enquiry about fraud on this bank and it’s connection to the conservatives… while the UK uses public money to bail it out!!
Call Peter first.
And nothing will happen!
Lmaoooooi