SVB Brags It’s The SAFEST BANK IN US After Securing Biden's BAILOUT, Backing On $250K+ Deposits

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Reporter at The Lever Julia Rock weighs in on hers and David Sirota's recent reporting on the Silicon Valley Bank failure. #SVB #corporation

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Sadly, the lawmakers will bail out their donors, but not the US taxpayers, very sad

snomort
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SVB: "It pays to bribe politicians in both parties."

joe.oneill
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If the administration says everything is fine, then I know the wheels are starting to come off

MMAfighter
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Socialism for the rich, capitalism for the poor. That's American way of capitalism.

YouTuberJames
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Bri is dead set on this not being a bailout. The money isn’t there Bri. The rules were changed last minute. It’s a bailout.

CaseyBurnsInvesting
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Reminds me of Leslie Leslie Nealson saying "everything's fine, nothing to worry about "

jkee
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Joey's administration is crippling America in every way every day.

namehere
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Socialism for the rich, rugged capitalism for the poor

panamareg
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In Feb, the fed showed that it was 80 billion in the hole already .. how is the Fed going to cover the 100 billion left over after the FDIC insurance covers the 127 billion thru have in their funds. The only way theu can is take it from the taxpayers ...

CrashCourseFarm
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Of course we lose... I made barely 58000 for the year struggling to pay my bills in ATX and still have to pay back 2500...SMH a dam shame

tlynn
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Yeah I'm suggesting all of you look at your credit union credit unions are ensure to the National Credit Union Administration the same thing is the FDIC but they are not for profit organizations and they keep all the money locally

markdavis
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Anyone saying it’s not a bailout is wearing a mask telling you to get another stab 🤷‍♂️

greglloyd
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Great reporting, but, as I have stated in other posts, bank CEOs asking for deregulation is like children asking for candy.

The legislators are supposed to be the adults who say, "No."

Why is everyone shocked, shocked that a CEO would lobby for what he believes is in the best interest of his company?

The CEO isn't what's broke here (with the exception of cashing out stock before the collapse; that's definitely broke).

It's the legislators giving in to the demands of the CEO that's broke.

timothydoyle
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All these CEOs got rich sinking their banks. They should have all their funds liquidated.

oceantransistor
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Yup. A good question from some journalist to the President is, "Which banks shouldn't be bailed out?" Probably small Mom and Pop bands that don't send money to political pacs . Follow the money.

jamesterrance
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This has nothing to do with them lobbying for better policies for them, it's the fact that the regulators should've seen this thing coming from a mile away and they were once again asleep at the wheel. This is a laughably absurd case of sheer incompetence by regulators. What good are more regulations if the regulators don't enforce them? I mean for goodness' sake the CEO was on the board of the San Francisco Fed. It's just a disgusting scene and I wish they would have let everybody involved lose everything so they would finally learn.

justaguy
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Yes 17 democrats voted for the changes. Not just Joe Manchin.

jorgegonzales
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We need to take a lesson from the French in protests. We make fun of them for being weak, then proceed to carry on in capitalist wasteland like there’s nothing wrong.

David_
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Yay! Barney Frank's back in the news! Yay!! He tends to show up in times of strife. Like Superman. We're fine!! It's all gonna be fine!!!

spidgeb
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How can taxpayers lost, when the US government doesn't have the money and just print them??? Ha ha ha!

peterlim