Feds step in after 2 U.S. banks fail

Depositors at both banks will be able to access their money Monday, despite the banks being closed, CBS2's Elijah Westbrook reports.

[AngelLuisEspada]

HERE WE GO 😂 GET THE MONEY BACK GIVEN TO UKRAINE 🇺🇦 we need it more than them.

[girlsamurai]

Silvergate Bank was first before Silicon Valley Bank, so Singnature Bank is the third within days.

[albertorozco]

They gamble with money that isnt even there and then lose everything and get bailed out by the government. A gamblers dream.

[vajona]

Remember, when companies do these illegal acts it's a civil crime; however, when you do it, it's criminal. Double standards are fun kids

[libertyzoo]

Damn! All I need to do is fail my company and await government done. Pay up America.

[Lmlm]

Everyone is going to pull funds the SECOND it becomes available . Just heed this warning:

Each SSN is only insured (at insured banks) $250k per institution, in a total of accounts not just savings . For joint accounts that’s half a mil. Three people on an act, 3/4 a mil…it goes on you get it. Spread your deposits at diff institutions if need be. If you get estatements…print one out every once in awhile & keep for records . Banks quite literally invest our deposits. Especially things in long term accts like CD’s, IRA’s, ETC. Know how much you’re insured . And be careful, as always, with crypto. Your best bet is to keep assets at the bigger, well known banks . These online banks are sketchy .

[Muramasa]

Eric Adams: “New York will be the Crypto capital of the country” lol

[rollandcurtisfromVermont]

1:47 Each time that I see this lady, she looks more and more like the late Barbara Bush.

[jeffrobodine]

Janet from another 🪐 Yellen.
#EndTheFed