Fed INSISTED SVB 'No Systemic Risk' Before Bailout | Breaking Points

Krystal brings on Julia Rock to break down the latest reporting from The Lever on the collapse of SVB and the subsequent bailout.

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#news #politics #youtube #svb #business #finance #stockmarket

[TCR]

SVB had a free pass. Meanwhile, in Ohio, they’re still waiting for help.

[brawndo]

The risk of punishment vs the reward for corruption is obviously not high enough.

[correyretzloff]

I love journalists who report facts and not opinions. It would have been very convenient for her to leave out the Obama exemption part of her reporting, but she didn't. This is another example of why I love Breaking Points.

[Paul-lihq]

It's like that great line in the '2012' disaster movie....

"When they tell you not to panic: that's when you RUN!!!'

[harrychu]

Mary Daly the head of the SF Fed must be held accountable for her supervisory failure that led to the 2nd largest bank failure in US history. There must be resignation or removal by force if needed.

[daveblackman]

Trusting the fed with anything is like trusting Jim Cramer with stock advice. Always think the opposite.

[TwinBnotTwinA]

"Tell us what you found?"

I've found the bankers lying through their teeth for decades now, keeping the clown show going and the money printer brrrring.

enjoy the show.

[paulmerritt]

What about the four additional banks that either shutdown or bailed out less than a week SVB's Bank Run?
Is there any news going on with those four banks.

[annehaverhals]

The kicker to this SVB is the FDIC does have additional insurance that an individual depositer can buy to cover accounts that exceed the 250, 000. I'm sure its not super economical, but regardless there was insurance out there for them to purchase. Lots of businesses have to bank more than this to cover their overhead costs (utilities, mortgages, insurance, etc), salaries & payroll taxes, taxes they have to pay quarterly, etc. If I know about this additional insurance they can purchase as a plebe, these big players know about it too. And I bet some of them were paying for this now the companies and people who decided to risk it and not pay for this insurance, are getting bailed out?

[zouloumen]

Why can't we fired some folks at the Fed?

[miky]

If there’s no systemic risk, why need the bailout?

[DegenerateToo]

Even if those who had millions in SVB weren’t bailed out, there is no way we could still walk in their shoes. They will still be rich just not as rich. You would think the feds would love to wipe that much money off of the books.

[joe.oneill]

Jerome Powell has been consistent as Charman of the Fed. Consistently wrong, but consistent none the less.

[christopherlist]

Julia has a sick collection of water pipes and hand painted DnD figurines just out of frame.

[terriesales]

So, is it true the amount used. To bailout Depositors at SVB was above the amount in the FDIC federal fund? In addition, do you know who actually owns the bank? They’ve sued - in New York- because apparently the LLC or whatever it is has assets separately in the amount of 2 billion. So the stock holders are trying to get their monies by suing. Apparently, the 2 billion may cover the stocks. Why is it the monies aren’t given or paid to the FDIC fund? If someone can please explain. Seems awfully unfair they bailed out all depositors regardless if their savings was above the 250k limit. In addition, how is it the investors may be able to recoup as well?

[fiesbert]

Which agains proves: the people in charg of the health of money are CLUELESS.

[RurouniTenShins]

You guys should post your videos to rumble as well…YouTube app hasn’t been working for a week

[kscgcdm]

How did this bank do anything wrong except pick the wrong investment time frame? What should the execs done differently?

[cedricknarsiso]

Julia really does her last name justice.

[HealingSwordsman]

It's like how can you know if the financial system is ever safe? Exceptions and gambles no one seems to know about until after it happens - of if yoy do know it's not on the wider media.