Sen. Mark Warner , a member of the Senate Committee on Banking, Housing, and Human Affairs, said on ABC’s “This Week” that the “best outcome is an acquisition of SVB.”
SVB had tens of billions of dollars in agency mortgage-backed securities. Those assets are highly liquid, and could in theory be sold quickly with little loss. Regulatory reforms since the 2008 financial crisis have also made mortgage-backed securities much safer than the ones that contributed to financial stability issues back then.
Other assets held by SVB include loans that are less liquid and may be more difficult to sell. That process could take several weeks or more and end with uninsured deposits being restored at less than 100%.
People should stop trusting banks.
40 BILLION dollars taken out by investors just days prior.
I don’t understand why we ever bail out people who are supposed to be savvy financial wizards, how about we bailout the people and bar these failing bankers. It’s stupid to give bailouts to anyone that can’t manage their business.
Janet Yellen has claimed they won't do a bail out like in 2008. I am skeptical.
Ricky investments into tech.
As long as taxpayers don’t have to bail them out..
fed are not bailing them, they will pay the 250k for fdic. This is why you don't put everything in one account and or one basket
It’s all part of the destruction of the old system and get us into the new demonic system where we all be slaves of the system , total control! .
Let them burn, they did it to themselves. Piss poor management. Bonuses for employees when they knew they were in trouble. CEO selling stocks
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