Silicon Valley Bank collapse EXPLAINED

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Silicon Valley Bank went from being a key part of the tech ecosystem to collapsing in a matter of hours. Then, the Biden administration announced that all depositors at the failed Silicon Valley Bank would have access to all their money, approving an extraordinary intervention aimed at averting a crisis in the financial system. #SiliconValley #bankcrisis #useconomy

Washington Post Universe

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The government org which actually deals out the funds for this situation doesn't use taxpayer money! Instead, banks pay in for exactly this kind of protection, so the government can kinda work as a bank-to-the-banks. When a bank run happens, the bank can tap into this organisations funds to give people their money (although the bank is basically forced to sell anything they can to make up the difference first).

So no, your tax is not being used to bail out a bank. The bank's money is being used to bail out the banks bad decision with your money! You'll still be able to get whatever money you put in back out, though, so there's not much to worry about.

ThatOneGoatGuy

im researching this for a debate tournament, and this is by far the most useful video i ve seen in the last two days

ahmarbiswas

The U.S is already in $25 trillion in debt, a little more can't hurt.

theyoutubeguy

It's weird that they didn't include the fact that these people Knew & were Warned about risky uninsured investments above $250K in small banks but I guess that doesn't help the narrative of socialism/handouts for the rich & capitalism/austerity for the poor!

rashidbelike

100% over simplification. Extremely wealthy "investors " are guaranteed not to lose any money? What happens with other banks of this continues? Good thing Newsom had his money there I guess.

salpastore