What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $ 350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?
@romneyhugo
Жыл бұрын
All big corps are just a cohort of centra lised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the sto ck market and my businesses. I keep only what I need to spend in my checking account.
@rannyorton
Жыл бұрын
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $ 280k in the last 4 months by investing through my FA.
@dawsondanny990
Жыл бұрын
Wow. I've heard similar success story from people who work with advisors. How do I get in touch with yours, please?
@rannyorton
Жыл бұрын
I happen to know Deborah sue Bohn She has been my fin coach since 2018, no major losses has been recorded. Totally recommend her too.
@romneyhugo
Жыл бұрын
Deborah 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 her
@alexyoung3126
Жыл бұрын
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
@oneiljerry9460
Жыл бұрын
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
@kimyoung8414
Жыл бұрын
@Zahair O'Brian That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
@kimyoung8414
Жыл бұрын
@Zahair O'Brian Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
@pacoleon0
Жыл бұрын
I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.
@Isaacmeide
Жыл бұрын
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival
@kevsmills
Жыл бұрын
@@Isaacmeide These are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The bigger the red candles, the bigger the green ones
@ivanmpaa
Жыл бұрын
@@kevsmills It's a good time to buy and basically I've just got cash sitting duck in the bank and I'd really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
@vivianecardoso0
Жыл бұрын
@@ivanmpaa There are lot of them but almost everyone works with ISABEL LINDA DUERI this days, she's getting more recognized by day, she strategies has been the best this period
@ellamezo
Жыл бұрын
@@vivianecardoso0 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.. This information is really helpful.
@carter3294
Жыл бұрын
SVB's collapse hasn't made anything better. I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
@floxydorathy6611
Жыл бұрын
I'll suggest you find a mentor or someone with experience to guide you especially in this recession
@carter3294
Жыл бұрын
@Bill Who is this person? Is she worth recommending
@carter3294
Жыл бұрын
@Bill I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I planned to call her after doing a quick internet search for her.
@joe_thestreetguy1
Жыл бұрын
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
@kenanporubsky2122
Жыл бұрын
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.
@martingiavarini
Жыл бұрын
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.
@hermanramos7092
Жыл бұрын
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@kenanporubsky2122
Жыл бұрын
@@hermanramos7092 Impressive can you share more info?
@hermanramos7092
Жыл бұрын
@@kenanporubsky2122 My advisor is ‘’Christine Jane Mclean’’ she’s 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
@DanA-nl5uo
Жыл бұрын
Systemic risk and too big to fail means the bank is too big to exist.
@Marxist2
Жыл бұрын
Thank you.
@priceisright1580
Жыл бұрын
Silicon high tech thanks you for the free loans and mortgages
@prontomatias3081
Жыл бұрын
best way to avoid monopolies, now everyone will move from regional banks to the "too big to fail" with the precedence of deposits above the FDIC insured are also covered, green light to be greedy as you want!
@Videomorgue
Жыл бұрын
@Pronto Matias Not quite. Depositors get better yields at the regional banks and now that they are taking no risk beyond $250k there is less incentive to move to a larger bank. Not defending the bail out, but it will prevent the failure of some irresponsible regional banks by fully protecting their Depositors.
@priceisright1580
Жыл бұрын
Such a fake fraud the government makes no money they produce nothing they will do anything to stay in power to spend the free money and cut and manipulate deals to help out there campaign donors and yes the silicon Valley high tech big democrat campaign donors thank you foe the free loans and mortgages
@izzysdlv673
Жыл бұрын
Jail time for those banksters should be in order.
@mr.m4853
Жыл бұрын
They're with the Obama and Clinton gang. Nothing will happen.
@ryangordon133
Жыл бұрын
Who's gonna arrest them? Their friends in the FBI? The cops on their payroll? The arrest would have to be a citizens arrest.
@rka-truthalwayswins5127
Жыл бұрын
More like Bonuses will come through for them!! This is called Neo Capitalism where risks are socialized & profits privatized ;))!!
@jeeves9428
Жыл бұрын
If this was a serious country, they would all get the death penalty.
@jeremywatts8134
Жыл бұрын
Oh yeah? Do you vote for more regulation?
@gingerkilkus
Жыл бұрын
The current bank crisis has me deeply concerned. If a major bank like SVB can experience difficulties, it's reasonable to worry about the impact on other financial institutions. I'm aware of someone I know who operates a rapidly expanding startup, and they were severely impacted by the bank run. Consequently, I withdrew over $340k from my own account, recognizing that FDIC coverage is limited to $250,000 and a potential collapse could have far-reaching consequences. At this point, I'm considering investing in the stock market. I'm wondering if anyone has advice on how I might proceed with this plan.
@lowcostfresh2266
Жыл бұрын
I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.
@TomD226
Жыл бұрын
@@lowcostfresh2266 This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.
@lowcostfresh2266
Жыл бұрын
@@TomD226 Oh, I'm not really in the business of giving financial advisor, so you are responsible for your decisions. But I have been working with Nicole Joi Anderson , so you could check her out and contact her, if you want.
@MS-st1zb
Жыл бұрын
@@lowcostfresh2266 She finally get out of prison?
@KCMOfrank
Жыл бұрын
So what is the difference between a group of armed, masked bank robbers entering a bank and taking the cash, and a group of executives that drove a bank into bankruptcy but sold their shares of stock and took the cash before anyone detected the problem?
@erinm1218
Жыл бұрын
The difference is better lawyers and marketing
@melittafilter
Жыл бұрын
Simple as that: Bankrobber will be shot, or have life in prison, Bank CEO will have another job in a similar position. Nothing to see here ...
@benzell4
Жыл бұрын
One ‘legal’, the other not!
@yourmom9608
Жыл бұрын
Excellent comparison
@Billy_Bob101
Жыл бұрын
next time you play monopoly give 1 person their money back everytime they lose it and see who wins
@Marxist2
Жыл бұрын
I agree 100% with David Sirota. When are we, the people of this country are going to rise up & say enough to these politicians from both parties who only serve big industries?
@XardasD
Жыл бұрын
Thats why US is after crypto and stable coins, because you can keep your money in own digital wallet same as be own bank. But they dont want their house of cards would collapse because i guess we need in their opinion a middle man to storage our money what are not even there 🤣 "Bank run" its a big word 🤣 if they use fraction reserve system and need to keep bearly 10% that means if 11% would come to pick up own cash they go under water 🤣🤣🤣 If bearly 11% customers claiming money is called "bank run" something is not right 🤣 But yea politicians will always bail them out with our money after all banks dont lobby ppl in power for no reason 🤣🤣🤣
@texkillerson6681
Жыл бұрын
@Leticia Cortez -- Of course, you & David Sirota are correct: Strong and extensive regulation by the federal government is so necessary in so many areas. The last forty years have rotted the nation. i wish the chumps of the electorate had seen the obvious when ronaldreagan said that government is the problem. The results of believing that thing have shown that ronaldreagan's paradigm is not the solution to our problems; trusting ronaldreagan and its paradigm IS the problem.
@tomover9905
Жыл бұрын
Maybe the answer to your question is that we the people will organize against plutocracy when we stop bogging down in the culture wars via which the liberal and conservative wing of the corporatocracy divide and distract us. I'm open to suggestions. What do you think ?
@JayJay5244
Жыл бұрын
Once we run out of bread. Until then it’s all just noise…
@djkonkon101
Жыл бұрын
Another grab and run robbery by this thieves in suits........
@ReidCoffman1
Жыл бұрын
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio Show less
@AshtonGrace
Жыл бұрын
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
@Rachelschneider03
Жыл бұрын
@@AshtonGrace Actually, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is very easy; the key is knowing when to buy and sell. The section and leave orders for my portfolio are issued by my attorney. more than $350,000 was accumulated from an initial stagnating savings of $50,000.
@MariusNatt
Жыл бұрын
@@Rachelschneider03 Please provide the information for your investment advisor here. I really need it now
@Rachelschneider03
Жыл бұрын
@@MariusNatt She is Yvonne Annette Lively, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@MariusNatt
Жыл бұрын
@@Rachelschneider03 Much appreciated, I gazed Yvonne Annette Lively upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call .
@WillieSStott
Жыл бұрын
We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.
@fedexexpress6277
Жыл бұрын
How? I know it's possible, I would appreciate if you show me how to go about it
@russellcormier5432
Жыл бұрын
First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you start trade with a Mentor
@frederickdaniel5168
Жыл бұрын
@charliewolinski3508 .All you have to do as a beginner to make good profit in cryptocurrency is trade with a professional trader who Will always notify when to BUY/SELL else you make losses.
@WillisMOhara
Жыл бұрын
Like the analyst, I am positive about Bitcoin. I am sure that now it will begin to develop rapidly, it's very difficult to give an accurate forecast, but I prefer to trade my Bitcoin and accumulate more.
@harrychapman3172
Жыл бұрын
@nataliefiaschi7147 .Excellent buddy very good are your earnings and do you have any recommendations or suggestions
@dimitrieriks1207
Жыл бұрын
The #1 priority for everyone right now should be investing in non-government alternative income sources. specifically in light of the current global economic crisis. Stocks of all kinds and digital currencies continue to be desirable investments at the moment.
@ezrajacobson7062
Жыл бұрын
It is crucial to be aware of potential economic risks, just as it is when making a large financial choice. But you can keep yourself and your investments safe with smart preparation, time management, and financial assistance
@liamelliott8746
Жыл бұрын
High moving stocks do not always lead to significant profits. Managing risk in proportion to reward is what it is. Putting on the proper size and repeatedly twisting your edge can help you accomplish your goal. That holds true for both day trading and long-term investing.
@ryanaustin8393
Жыл бұрын
if you decide to make any new purchases, decide your exit strategy first. Consider taking partial profits in order to quickly lock in some gains. I've been in constant communication with a financial analyst ever since I began working together. Today, it's very easy to invest in trending stocks, but the trick is knowing when to buy and sell. I've accumulated more than $550,000 in a little more than a year, and my advisor chooses when to enter and depart my portfolio.
@jessiegabriel3112
Жыл бұрын
@@ryanaustin8393 It's impressive! My portfolio has been badly down, therefore I could really use the advice of these gurus. Who is your mentor?
@ryanaustin8393
Жыл бұрын
@@jessiegabriel3112 The adaptable and knowledgeable "Kate Elizabeth Lunn" can fulfill your specific needs. You're welcome to look her up and use her.
@nicholasrapose196
Жыл бұрын
David Sirota might be the best reporter in the media. Holy cow.
@wadesmith666
Жыл бұрын
Take the money from directors and the share holders of Silicon Valley bank to pay the depositors. That would ensure that they would be more circumspect with their bet/gambling with other peoples money in the future
@Husqy44
Жыл бұрын
You are making far too much sense, sir. That kind of thinking is not allowed.
@nancychace8619
Жыл бұрын
Respectfully, not sure that's fair to the shareholders. They do not make "bets" necessarily irresponsibly. Sure, they want to make money, but they also buy shares to support a new effort of a startup, for example, or support what a company does or produces. Greed can be a factor, but not always. There are millions of Americans, retired folks for example, who have their life savings wrapped up in investments of various companies. If a company goes belly up then there goes their retirements. The case of a greedy CEO is a different matter altogether, beyond that what manner of corruption?
@wadesmith666
Жыл бұрын
@@nancychace8619 but it is still an un-level playing field- favouring the banks over the depositors- I hear what you are saying- the rules need to change and banks properly monitored so it is illegal to make those bets
@mr.m4853
Жыл бұрын
But those people are Obama officials and Hillary Clinton donors.
@nancychace8619
Жыл бұрын
@@wadesmith666 Who was betting? The bank mismanaged their investments (intent?) and the CEO, who up until last week sat on the board of the SF Fed, got greedy, quit the SF Fed board and tried to fade into the woodwork after a massive short.
@JBGAMBIT
Жыл бұрын
“Voting for a new master every 4 years, does not make you a free man.”
@Bootyeater999
Жыл бұрын
😂
@JBGAMBIT
Жыл бұрын
@@Bootyeater999 Don’t forget the Whip Cream! 😂😂😂
@adnanbosnian5051
Жыл бұрын
They are actors on TV, its fake. You can vote all you want lol.
@crhu319
Жыл бұрын
Covering excess deposits is suicide for the whole banking system. The USD is over.
@jvcyt298
Жыл бұрын
I find it disappointing that Barny Frank betrayed the office that he once held, he should face some form of punishment for that betrayal.
@FckPeace2
Жыл бұрын
Disappointing? All of them are
@nancychace8619
Жыл бұрын
Goes to show how much hypocracy there is -
@l.v.macjesty2726
Жыл бұрын
Barney Frank drank the Kool-Aid 🤑🤑🤑 they were passing around at Signature Bank. Very Unfortunate!!
@soarornor
Жыл бұрын
All politicians do this. The gold revolving door is the biggest reason people go into politics as it is a springboard to a much higher level of wealth.
@cornbread4everyone555
Жыл бұрын
He is controlled opposition just like Bernie and Pocahontas. They are just there to create an illusion of choice.
@corujariousa
Жыл бұрын
Any business owner who is not capable of managing well or around challenges faces the consequences (i.e.: Bankruptcy). Why banks always expect to have a hands-free approach when they are making money and bailout when they mess up? No more bailouts to anyone!
@mariespi96
Жыл бұрын
If a bank is allowed to fail, only the people suffer. The banksters don’t! They need to know that THEY will have to answer for their greed and chose to deliberately embark in risky business that anyone in accounting 101 would know was risky. So, they cannot plead ignorance. Even ignorance is not a defense. It is up to legislators to reign in these bankster’s greediness and make them serve time when they don’t do their due diligence managing other people’s money.
@corujariousa
Жыл бұрын
@@mariespi96 You speak some truth. In regards to "If a bank is allowed to fail, only the people suffer", again it is true but the same is applicable to any sector of the economy. Remember what happened to autoworkers when manufacturers moved production to China and Mexico? There was no assistance to them nor to any other working class. I am in favor of laws being enforced so responsibility and rights are respected. If the current laws are not adequate, they must be changed.
@donakidder3424
Жыл бұрын
@@mariespi96 They do when they are put in prison like most European countries do. The people responsible went to prison in America they go on vacation.
@j-us-t_be-in-g
Жыл бұрын
@@mariespi96 It's more so the system than the banks. To be honest, I blame the system. The banks are only scheming to keep their business like many in this American system.
@luperamos7307
Жыл бұрын
The depositors did not pay for this insurance, so this is a bailout. If I have no insurance and get into an accident nobody bails me out.
@whygohome172
Жыл бұрын
Bail banks out but THROW A FIT over student debt relief! Ever get the feeling that all your hard work doesn't matter?
@watamatafoyu
Жыл бұрын
"He lobbied to weaken his own bill"... Makes perfect sense in our topsy-turvy culture.
@corneliajennins5714
Жыл бұрын
I still blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
@instinctively_awesome8283
Жыл бұрын
@Jake Farmers Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like " CORINNE CECILIA HEANEY , who can help shape up your portfolio.
@alexanderfinlay9639
Жыл бұрын
@@instinctively_awesome8283 I just looked up Corinne on the net and scheduled a call with her. From my research, she seems very proficient so I wrote her detailing my Fin-market goals..
@priceisright1580
Жыл бұрын
Definitely manipulated deception and silicon high tech thanks you for the free loans and mortgages
@davidhunternyc1
Жыл бұрын
That's because the FED is owned by banks. We must deleverage the banking industry from the FED entirely.
@libana4081
Жыл бұрын
It’s all started in Jakyll island more than a 100 years ago
@genming5317
Жыл бұрын
US, where corruption is legal.
@nancychace8619
Жыл бұрын
Dang. I need to get a cup of coffee and listen to this again.
@jaym9846
Жыл бұрын
My US Bonds are down 40%. Will Powell and Janet bail me out too or did I first need to bank at SVB?
@Falconlibrary
Жыл бұрын
You needed to attend a $100,000 a plate fundraising dinner for a PAC connected to Nancy Pelosi or Joe Biden, Jay. Should've put that on your "to do" list.
@kx7500
Жыл бұрын
@@Falconlibrary your focus solely on dems and not republicans shows you’re a partisan clown
@Albo96286
Жыл бұрын
open an acct tommorrow.
@joebloe6263
Жыл бұрын
Note that bank “executives” took huge amounts of money shortly before the collapse
@godbyone
Жыл бұрын
It was trumps fault. Every Biden screw up.
@radiotec76
Жыл бұрын
Put your money in a credit union. I have since the savings and loan meltdown of 1990.
@DanA-nl5uo
Жыл бұрын
Since the FDIC is now insuring 100% of deposits the private sector banks need to pay for their insurance policy. The wealthy must be made to pay for the insurance on their 9 trillion dollars of deposits that the FDIC was never funded to cover.
@stevenliew2507
Жыл бұрын
The US Banks Regulators must be taken to task for sleeping on their job. This is not the first time but a repeat of the Lehman Brothers Failure. At that time, the Banks Regulators promised never ever another reply. What a lie.
@ashleylaw
Жыл бұрын
Wake up - this is a hit on regional banks. They want them all gone. They want just a few 4 or 5 retail banks. Then CBDC can be introduced and we will all be slaves forever.
@tinoyb9294
Жыл бұрын
Seriously? Do we have to potty train these bankers as well?
@Able-Man
Жыл бұрын
Clear-minded; INFORMED people who care about the future of this Nation, ought to investigate: ¿Who ELSE has been breaking, bending or creating laws in this whole circumstance?
@onipajata78
Жыл бұрын
He lobbied to weaken his own bill... I started laughing...then I realized this was serious. These people are corrupt and duplicitous to the core.
@DanA-nl5uo
Жыл бұрын
Yes this is one more example of some thing that if it was in a movie you would say went too far and could never happen.
@onipajata78
Жыл бұрын
@@DanA-nl5uo we need to do something. Our lives are constantly being picked apart by these vultures.
@ianharley1726
Жыл бұрын
A bailout then! Start the printing presses 😆 🤣
@rycordova5957
Жыл бұрын
We need to get as many people as possible to pull our money out of the banks
@user-zy4wv7yx1z
Жыл бұрын
I agree! I'm going to today.
@hoosierbaddy3052
Жыл бұрын
Money is made of cotton and linen. Where’s the equivalent value money wise. Those textiles are NOT a commodity fgs! So, take your monopoly dough outta da bank. That’s smart in reverse. Gonna grab a coffee can and save useless coins and outdated presidential flash cards for security? No thanks for the advice to withdraw all my funds Ry Cordova. I’m keeping it in the bank where it’s insured for its complete value. And, I don’t gotta be concerned that the coffee can money may develop legs or die in a fire.
@100pyatt
Жыл бұрын
Pull the money out before it's too late⚠️
@bogusmcbogus2637
Жыл бұрын
@@100pyatt ironically, you're creating the problem you're running away from
@loganc6501
Жыл бұрын
Nobody has any money. 80% of Americans don't have $500 saved for use in an emergency. Nearly all of us are drowning in debt and literally living paycheck to paycheck.
@janetdouglas1272
Жыл бұрын
This news piece just clearly demonstrates that we do NOT live in a democracy at all; it is just a plain oligarchy!
@greencat8949
Жыл бұрын
There were multiple startups that had their payroll at SVB - including multiple Israeli startups. This is why it was approved to cover depositors in full for those that had over 250k in the bank.
@buckfezos
Жыл бұрын
"Learn to code"
@Albo96286
Жыл бұрын
Very Interesting 🤔
@jgg204
Жыл бұрын
No it was approved b/c a lot of big Dem donors would have lost all of their money, and Biden needs their money going into this upcoming election
@greencat8949
Жыл бұрын
Agree and disagree. Both Parties are the servants of corporations & Wall Street. Don’t think if this would had happened under a Republican administration that the government would have acted any differently. There is only one Political Party in USA- and that’s the Money Party.
@jgg204
Жыл бұрын
@@greencat8949 topic is SVB bank which has a huge concentration of big dem donor individuals and companies. they got bailed out. they will have their money back now, just in time to make donations to the dem party going into 2024. majority of startups/silicon valley/tech donate disproportionately to democrats. that's a factual statement.
@roberthuet4549
Жыл бұрын
This financial collapse will be far more greater than the one of 2008.
@northlandphoenix
Жыл бұрын
This entire conversation misses the crux of the issue. The crux of the issue is that the banks take our money and invest it to make money for themselves. Stop letting them do that. We need banks that act more like vaults where they just hold and protect our money. As long as this conversation exists within the frame of how risky they can be when gambling with our money, and how we insure against that risk, we’re having the wrong conversation.
@justinbailey1756
Жыл бұрын
That would cause and economic crises, why would you want that?
@4H2O4EVER
Жыл бұрын
Amen they used to invest in neighborhoods and building and business. Now they buy stocks and high risk start ups. That is not okay.While their executive make millions and jet around to exotic places. We work and save and now loose our money, I can't stand Biden and why does he get to be Santa Claus just giving our money away. It is the politicians that put their money inot this bank I bet and I bet Hunter and also Joe have money in there but when your neighborhood bank collaspe you are going to loose your 1000.00 dollars.
@petestanton1945
Жыл бұрын
Lincoln & Kennedy both were moving fwd on a national public bank towards the ends of their lives.
@daveb6963
Жыл бұрын
The purpose of banking is to be the intermediaries between savers and borrowers. If you want a vaulting service, you can put your cash is a safe deposit box or a private vault. But you won't have check writing, ATM/debit and you'll have to visit your safe deposit box to get or leave your cash. Certainly you don't think banks will construct branch facilities, operate ATMs, clear your checks,
@northlandphoenix
Жыл бұрын
@@daveb6963 FWIW, part of your comment appears to be missing, but I’ll reply to what you said, and what I think you were going to say. What you describe is just what exists now. It’s not good enough and its not the only options that could theoretically exist. Your options shouldn’t be subject your money to bank shenanigans and having to live in a society with medieval financial technology. Very few people want to operate purely in cash or bringing sacks of gold and silver everywhere. No one wants to have to stop by the safe deposit box every time they go to the grocery store. We live in a digital society. The vast majority of transactions are digital and most people are doing a handful of transactions a day. The vast majority of banking in your midsize community could be done off a single computer. Your bank probably already outsources the manufacturing, shipping, activation, and fraud detection involved with your debit and credit cards. Your bank probably outsources most of the digital check processing (the front end part, where checks are scanned and the dollar amounts are verified). Even the physical checkbooks I don’t really use are outsourced and shipped right to my house. Every gas station in America has an ATM to get cash if you need it. If you want to buy Gold/Silver you can go online, pay digital money, and have it shipped to your house. The same services could exist for cash if that’s something that’s desirable. I think a lot of the reason physical banks exist is that old people have trouble with computers and in 20 years that demand will probably disappear. You bring up the purpose of banks being intermediaries between savers and borrowers. In a fractional reserve system, especially one with very low reserve requirements, this relationship ceases to be meaningful. If I put in a dollar and the bank can lend many times that amount by creating money, what are they intermediating? Is there much of a difference between what we have now (very low reserve requirements) and zero reserve requirements? The reason to have reserve requirements is to ensure that the bank always has enough liquid money that I can go in and get my money. If you created a system where they are allowed to create money during the lending process (which they already do), but they weren’t allowed to spend my money, I don’t think it’d be functionally different than what we have now, but without there being the possibility of them misinvesting my money and me losing access to it, and needing government insurance to make me whole again.
@downtoearth303
Жыл бұрын
Why didn't dems change dodd frank back while they held the house?
@Pumpka_boo99
Жыл бұрын
The majority of the house voted for the deregulation, mostly Republicans and some democrats, putting the regulation back on is asking those to change their mind which they won't.
@ClownCarCoup
Жыл бұрын
Good question. It would never pass the Senate. When Trump signed off on rolling back Dodd in 2017, the House, the bill passed by a 258-159 vote with support from all but one Republican and 33 out of 193 Democrats. In the Senate, the bill passed by a 67-31 vote with support from all Republicans and 17 out of 47 Democrats. Within the Democratic caucuses, progressives strongly opposed the bill
@melittafilter
Жыл бұрын
Given the general US politics it will be same as it ever was: bank will be bailed out, big investors will get their money refunded, the common people will lose their property and end in a tent. Puh, situation saved. Business as usual.
@michaelculled-ni7sn
Жыл бұрын
This is the 2 banks the that hath Gon down on bidons which. And. It seems Jo and his cronies reserved big donation just before Thay go down. It stinks of corruption.
@neoncat9573
Жыл бұрын
This sounds like a good subject for the next Netflix documentary.
@greencat8949
Жыл бұрын
Yeah, just like war movies.
@greggasiorowski1326
Жыл бұрын
Perhaps that will pay for a better green screen for Sirota. 😂
@strikeflow1
Жыл бұрын
Mehrsa is all over the place I could not follow
@chocmilk10
Жыл бұрын
She sounds manic.
@kayt9576
Жыл бұрын
Equal treatment for all citizens. Where is our DOJ HIDING NOW?
@ClownCarCoup
Жыл бұрын
Thank you for having David Sirota on your show, DN! Sad, but not surprising, to see Barney Frank shilling. SVB equity holders should be on the hook first and foremost. The FDIC should follow its rules and enforce the $250K insured limit. Edit: Your other guest was a train wreck.
@jvcyt298
Жыл бұрын
Certain positions that depend on trust should be held to a higher standard and punished according to that standard.
@publicdomain1103
Жыл бұрын
antithesis to the current status quo. Jeffersons revolution every generation "or so" comes to mind as to correcting the establishment dogma. Nature rules and Humans are of it not ruler. Cosmos is calling but first we must tame the human spirit.
@tomdonahoe3539
Жыл бұрын
Reinstate Glass-Steagall! Won't solve all the problems, but it will help.
@loganc6501
Жыл бұрын
Love Sirota and the team at The Lever!
@100perdido
Жыл бұрын
The Tea Party formed as a protest to the last bailouts but the same people then refused to regulate the banks. So here we are again bailing out rich people who should have known better. We never learn.
@LearnThaiRapidMethod
Жыл бұрын
The reason why the bankers do what they do is because they know they can get away with it. They paid the bribes and walked away with the money. It’s blatant fraud because there is no accountability!
@rka-truthalwayswins5127
Жыл бұрын
"We never learn??" Who is we?? Don't think middle class or poor Americans want this!!
@LDRRegan
Жыл бұрын
The CEO of SVB unloaded a ton of stock weeks before the collapse - that is insider trading and the SEC needs to investigate ALL senior SVB employees for the same ! And prosecute those who did the same.
@spartahill
Жыл бұрын
If anyone is still confused about whether different standards exist between the classes/castes of the United States, this administration's unhesitating decision to bail out these two banks, in particular, should make it perfectly clear. Separately, I wanted to hear and understand professor Baradaran's point of view; however, between the insane hair-fiddling and scattered thoughts, I found it impossible to follow along. Clearly, the professor is an intelligent and informed person regarding the said topic, though the focus and delivery of information with few distractions are equally important.
@daiu48
Жыл бұрын
Agreed. Her assessment was extremely difficult to follow- on such an important issue.
@5504berry
Жыл бұрын
It can't be no one gets punished. We have to put rich people, lobbyist, bank presidents, in jail. When will this middle class stop focusing on party and see both parties are screwing them.
@kerrytoby7041
Жыл бұрын
In BC Canada when CN Rail expanded by merging with an American rail company the trains they started to run were being run as much longer trains. They doubled in length. After concerns and a few very risky derailments ( didn't turn out to be big disasters but could have) the government had the wisdom to restrict lengths of trains and regulate number of engines better etc. This avoided Iam sure many disasters ongoing.
@bogusmcbogus2637
Жыл бұрын
That's because your politicians are not completely in the pocket of industry. Your country has at least some common sense. Mine doesn't.
@lynns4426
Жыл бұрын
Wisdom is not as cost-effective in the US. If they can cut corners, they will!
@shihtzusrule9115
Жыл бұрын
what about the derailment that took out that neighborhood bar and killed a lot of people?
@sebleblan
Жыл бұрын
Thank you Democracy Now!, keep exposing power structures
@MajorCockbern
Жыл бұрын
With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
@daviemanuel688
Жыл бұрын
would suggest you thoroughly evaluate the companies you have invested in and their estimated future performance, as we may expect to see the market decline further. To minimize stress and improve efficiency, it might be wise to seek the assistance of an investment advisor to help restructure your portfolio and identify any underperforming investments to offset. This approach has been successful for me and has reduced my stress levels.
@MajorCockbern
Жыл бұрын
@@daviemanuel688 I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.
@daviemanuel688
Жыл бұрын
@@MajorCockbern Christy Vallen D'souza is an esteemed coach known for her proficiency in her area of expertise. You probably might have come across her. I found her on a CNBC interview where she was featured and i reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can carry out a quick internet research on her name for more info. I basically follow her market moves and haven’t regretted doing so...
@MajorCockbern
Жыл бұрын
@@daviemanuel688 I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Christy Vallen D'souza on internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too.
@tyc9302
Жыл бұрын
The depositors are not any safer, it is just the politicians are more generous with the government money this time, which is your money !
@paultaylor7947
Жыл бұрын
Meanwhile its necessary to point out that the average workers personal wealth has been eroded disproportionally for the past 60 yrs year on year
@whygohome172
Жыл бұрын
And then workers GET BLAMED for not working hard enough! Instead of Studen loan forgiveness, just Make it up to everyone making under $50000 a year by sending a check to us for a change. Stop giving all tax payer dollars to banks, corporations, military manufacturers, Ukraine!
@cheri238
Жыл бұрын
@@whygohome172 💯 correct
@maurobrattich7971
Жыл бұрын
This is another example of "Democracy" the American way.
@BG-ub5og
Жыл бұрын
From what ive seen... they were betting on government bonds! Seems like a side effect of raising rates so fast. I wonder how many of our banks are quietly in the same predicament!
@larscarter7406
Жыл бұрын
I'd say a whole lot of them. I don't think they are required to keep any reserve capital anymore.
@jfarm30
Жыл бұрын
That is exactly what happen. The Feds parabolic rate push created unrealized losses on the bank’s balance sheet. In essence making the bank insolvent, investors and more importantly financial brokers and middle men realized this and told their clients, the banks customers to withdraw their deposits.
@priceisright1580
Жыл бұрын
Planned no doubt to help their buddy buddy system and silicon high tech thanks you for the free loans and Mortgages
@JayJay-cl2ot
Жыл бұрын
almost all of them, but they dont hold as many bonds as svb
@BG-ub5og
Жыл бұрын
@@JayJay-cl2ot I saw a chart thats says SVB is not even close to being in the worst shape. If we see Powell stop hiking rates... might be time to start buying silver and lead...
@zhengpinghu
Жыл бұрын
Don't worry guys, US government debt is at $31.4 Trillion and Fed. at $8.6 Trillion(printed money); 2008, US debt was $9.5 Trillion and Fed. $0.00. Now Fed is printing money again from thin air by using BTFP(Bank Term Funding Program) to provide loans to banks which can use its TB and MBS as collaterals. When you have mountains of debt, the only solution is to keep printing money.
@godbyone
Жыл бұрын
Biden’s. 3 trillion for. Inflation. Mmmmm. That didn’t work
@mochasweet4966
Жыл бұрын
This Mehrsa woman is so unprofessional. And should not be on a public forum or writing books.
@kaimingraymondchoi9909
Жыл бұрын
I thought only socialist and communist countries are corrupted. Of course. Because when a lot of congressmen, senators or even presidents in a capitalist state are doing exactly that, it becomes a norm not a corruption.
@rwksasc
Жыл бұрын
In other countries, it’s called corruption. In the US, it is called lobbying and political contribution. Eg Mark Warner.
@gullahgal704
Жыл бұрын
Wow in many ways the 2 parties are the same, both "serve" the rich and powerful at the expense of the people.
@daiu48
Жыл бұрын
The two party voting system is a failure, undemocratic and unrepresentative . Proportional Representation is urgently needed. Seats won reflecting votes cast.
@bradsandler3526
Жыл бұрын
Systemic risk. Goes to show the essence of proper risk/fin mgt
@tommyfisher277
Жыл бұрын
Coming from someone who’s lost multiple holdings, one thing I know for sure is that the market is psychological and investing requires experience or better still seek an experts advice. I do agree
@maryalchester
Жыл бұрын
@@tommyfisher277 Realized how entry, capital, exit, goal and more differ on each assets passively earning with Yvonne Annette Lively. Currently hold , I have a $122k portfolio averaging a 13% monthly roi in less than a year following. So I do know.
@Joannahunter_415
Жыл бұрын
@@maryalchester the Morgan Stanley portfolio manager? was on a finpod with Tate? Talking about Yvonne Annette Lively
@mattpredictsofm.
Жыл бұрын
@@Joannahunter_415 How reliable are these Pms? I could find Yvonne Annette Lively on the web huh?
@Gregfreemann
Жыл бұрын
@@mattpredictsofm. Meeting the right one could be a hassle, in regards to the large influx of scammers, it’s right to verify licenses. Though her records seem detailed. Sure does know her stuff.
@stephenleblanc4677
Жыл бұрын
Thank you, David Sirota.
@randompizza14
Жыл бұрын
Really good reporting. Great guests.
@sjbock
Жыл бұрын
The law professor isn't ready for prime time
@nickgehmanproductions
Жыл бұрын
It’s really difficult to follow what Professor Baradaran says. She’s scatterbrained. Please find another expert next time.
@FullMoonHatch
Жыл бұрын
God, when will we learn that our bailing out the pain.......just extends and multiplies the pain.
@hn6187
Жыл бұрын
Put the details of the regulations online in a wiki and show every change to it, attributed to who changes it
@richarderwin2369
Жыл бұрын
Good reality based explanations. And the reality is when it comes to financial management? in America? Two plus two rarely equals four.
@raisohkhongnoh5302
Жыл бұрын
42 billion dollars is nothing, when billion dollars can be granted military aid to other countries and more than 100 billion dollar only to Ukraine. Let's see how the US leaders will treat their own citizens!!!
@nicolenox7882
Жыл бұрын
The corruption is astounding.
@m.woodsrobinson9244
Жыл бұрын
Not really. There are so many distractions these days. Same as it ever was.
@hoosierbaddy3052
Жыл бұрын
@@m.woodsrobinson9244 thanks Talking Head. 👏
@tyronerowesr2858
Жыл бұрын
SAME OLD BS...FROM THESE POLITICIANS.."THE BLACK VETERAN FOR JUSTICE". B1
@martymajix91
Жыл бұрын
That's how things don't work. If one crook is exonerated other crooks see it as their ticket out.
@soarornor
Жыл бұрын
My question: Take your money out and put it where? These were solid institutions that collapsed so really, no bank is invulnerable. The Fed allowing banks to lend on zero reserves is the most insane thing ever and likely was the biggest reason these banks collapsed.
@jonh7054
Жыл бұрын
It was the FED's fault, because US banks are told to invest in bonds for there safety which they did. The FED then flooded the market with currancy which Milton Friedman said will cause inflation. The FED (Experts) told everyone not to worry as inflation rose saying it was transitory. By the time SVB realised it wasn't transitory it was probably too costly and late to do anything and there maybe many other banks in the same position which will go bust if there is a bank run!
@Jose-sy1je
Жыл бұрын
The banks were also forced to give super low interest loans like mortgages. Those mortgage holders get the fixed super low rate that drove up house prices, but the bank pays for it with the change of interest rates later. Certain risks the banks can't adjust for
@jjvsqz
Жыл бұрын
Too late!! Get your money out of banks....They are way over leveraged too much risk on bad loans. Banks are not regulated like they use to be!
@Ben-sx5gb
Жыл бұрын
Somebody got away with a lot of money 💲😳
@BarryAnderson
Жыл бұрын
Currently it is a BEAR Market through out all of the industries including the Crypto Market Place , the Real Estate market and Wall street right now A Flat line right now .
@hellokintu
Жыл бұрын
if you dont get sirota, you lose the plot
@JeffreyGold
Жыл бұрын
"Dodd-Frank should be renamed Dead-Frank." - Eli Khamarov
@chocmilk10
Жыл бұрын
Why does this professor always sound manic? Her mind is all over the place.
@robertmarley8852
Жыл бұрын
She's a woman ......she's crazy
@j85grim4
Жыл бұрын
When is someone going to wake-up and put the financial genie back in the bottle?
@RasheemBrown
Жыл бұрын
Would be nice to hear from All Major Financial Institutions regarding their stability…just saying.
@petermartell568
Жыл бұрын
claw back all the money taken by the executives
@JBGAMBIT
Жыл бұрын
“People look at UFO’s and convince themselves they are NOT real; People look at Politicians, and convince themselves that they ARE real.”
@dynomike1964
Жыл бұрын
3 Japanese Banks collapsed today. The bank of sumo went belly-up. The bank of origami folded. The bank of bonzai lost a few branches.
@totonow6955
Жыл бұрын
The bank woman talks very...fast.
@sjbock
Жыл бұрын
She's a law professor. Needs more practice speaking on TV (KZitem).
@user-zy4wv7yx1z
Жыл бұрын
That's the coke talking lol
@christopherspavins9250
Жыл бұрын
Prof. Baradaran was right about Federal Reserve, and it is broken. Corruption is endemic throughout the banking industry. Canada has 5 banks and not one failure.
@janiekcarney5482
Жыл бұрын
Why is she waving her hands?
@ClownCarCoup
Жыл бұрын
cocaine for breakfast
@robbinsanford714
Жыл бұрын
I know right? Shes overstating the obvious as well. If i didn't know any better, I'd say shes coked out?
@sumsara9255
Жыл бұрын
She's swatting the flies away from the BS that's coming from her mouth.
@user-zy4wv7yx1z
Жыл бұрын
@@robbinsanford714 😂 I'm glad I'm not the only one who thought this.
@user-sy3dg1vk4x
Жыл бұрын
Almighty God bless everyone in the Global World
@DanA-nl5uo
Жыл бұрын
If the goal is to stop bank runs the simply solution would be to limit the maximum withdrawals from a bank over a period of time which causes the run not to make the FDIC provide wealthy depositors with insurance they never paid for.
@user-zy4wv7yx1z
Жыл бұрын
People should be able to withdraw their money whenever, for whatever reason, in any amount. If the banks can't handle that, that is a massive flaw in the system. I'm going today to withdraw much of my money. Not my problem that the banks don't have enough cash for all of their customers.
@DanA-nl5uo
Жыл бұрын
@@user-zy4wv7yx1z than don't be upset when the private bank you choose to deposit your non insured deposits in fails and you have to wait for the sale of their assets. Because they don't have 100% liquidity
@user-zy4wv7yx1z
Жыл бұрын
@@DanA-nl5uo It's funny you assume I keep all of my assets in a bank/credit union.
@user-zy4wv7yx1z
Жыл бұрын
@@DanA-nl5uo That's the nice thing about me not having investments, an IRA, etc. It's not my problem if you made a risky investment and I want to withdraw MY money. Side note, this whole capitalism thing sure seems unsteady. I though we were told rich people and profit knows best.
@thorstenroberts4726
Жыл бұрын
And some politicians say "socialism doesn't work"... seems to work just fine if you're wealthy.
@dlewis895
Жыл бұрын
ELIZABETH WARREN WARNED NEED REGULATORS FOR SAFETY WTF INSANE! PORTER NEED REGULATIONS
@timothypulliam2177
Жыл бұрын
Remember, we're not in a recession
@richietattersall2122
Жыл бұрын
Thomas Jefferson "I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." He was right. He believed that States, not the Federal Government should charter banks that could issue money. He did not believe that the Constitution grants the Federal Government the authority to setup a ' "National Bank" There's actually allot more regarding his opinion on how the banking system is set-up in this Country, do some research.
@billmitchell2080
Жыл бұрын
You could do some research on Glass-Steagall. Just put that back on the books.
@bonitaroache73
Жыл бұрын
Thomas Jefferson had that completely right! 2008 was a Dress Rehearsal to what we're now forced to bear responsibility for. Any Bubble Economy based on Borrowing and Spending will damn sure Pop!
@billmitchell2080
Жыл бұрын
Individual states chartering banks is an absolutely insane idea.
@Shredderbox
Жыл бұрын
"Of course there should be a bailout." -Mehrsa Baradaran, a banking shill who has a vested interest in making sure that the status quo remains.
@Able-Man
Жыл бұрын
So... The "Chief Law Enforcement Officer of the United States of America" is now, just... ¿Free to pick and choose which laws SHOULD BE DIFFERENT; and then BREAK THEM WITH IMPUNITY... effectively "Ruling by Fiat"?
@benzell4
Жыл бұрын
No, clarification needed…
@rwksasc
Жыл бұрын
That’s what the US does. The so called rule of law.
@Able-Man
Жыл бұрын
@@benzell4 How's THIS, for an analogy: I sit down to play poker, with (whoever)... All of a sudden, a player holding "2-pair" claims that he's deserving of the POT; even though the player across from him reveals that he's holding a Full House... ¿Understand?... ¿¡¿¡Is it fair and RIGHT, that the rules be CHANGED, in the middle of the game; so that "Everybody gets their PARTICIPATION TROPHY"!?!? ... Never mind, that "participation trophy" the guy holding the loosing hand, NOW WANTS THE POT! When these depositors CHOSE TO risk more than what was covered by insurance... They KNEW the risk and "were OK with it"; in hopes of reaping a higher yield ... In effect, GAMBLING. ... ¿CLEAR ENOUGH?
@asawood4726
Жыл бұрын
Neither The US Constitution nor The Bill of Rights mention Democracy.
@RThom1000
Жыл бұрын
Obama bank bailout 2.0
@jackrosario9990
Жыл бұрын
The president covers more than the FDIC covers which is 250,000 dollars so will the president guarantee if another bank fails over 250,000 dollars?
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