SVB Fallout | Bloomberg Surveillance 03/13/2023

Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio.
Wall Street is reeling from the collapse of Silicon Valley Bank.

--------
Connect with us on...

[chrise.]

I like Lisa's questions -- keeps the other two honest. Plus, she has a really good voice -- not grating at all. First time I have seen these three -- normally I hear them on the radio. All thumbs up.

[Yolo]

When they say don't panic I think people will panic anyway.

[professorkarlholmescrowthe]

TK is box office..a synthesis of wisdom and numerical eloquence

[joshuagoldsmith]

The guy working for credit Susie is saying banks are rock solid 😮 this guy is a genius

[AJ-rxvq]

Choice of words:
@13:50 - Voice over "We should 'violently' oppose the interference of external forces..."
@13:50 - Actual word used in the speech --- "We should 'firmly' (坚决 in chinese） oppose the interference of external forces..."

[clintonlunn]

The Fed's rate decision will indicate to me whether inflation is brought down to ~2% or we experience stagflation.

[perdido]

Just like last time, these bank's behavior should have been regulated before they broke something, not after. But once they break the system. the wrong people are bailed out to save the system and everyone screams. But we are unable to regulate their behavior before the fact because interested parties stop the regulation. Rince and repeat.
Anyone unhappy with bailing out people who should not be bailed out should reconsider their attitute toward financial regulation or just shut up.

[SALSAKID]

Reverse the 2018 Trump era Law that eases the bank rules...

[philiphemmingerii]

The federal reserve should hold the federal funds rate at the current level until the next federal reserve meeting in May to reexamine the economic outlook and determine the best course of action and to proceed with the necessary caution around a newly volatile and consequential banking environment

[robertbender]

This is similar issue to the 1985 S&L crisis, not the 2008 crisis, as this is related to higher rates to combat inflation and banks with asset/liability duration mismatches. Fed has the survielance reports, Schedule H report, to monitor this, but failed

[GaminHasard]

650 billion of unrealized losses from higher interest rates.

[davidburke]

The funding facility bailout is QE, which increases the need for interest rate rises.

[billbobaa]

The main problem is that American citizens lost trust in everything. Fix the money, fix the problem.

[philiphemmingerii]

Insuring the depositor's money is not the same thing as bailing out the financial institution

[elprofemanuelrosas]

The problem is that Daddy government FED RES. bails out these banks without punishment to executives. Lehman bros. CFO is CVB executive.
2008_2.0 and still no punishment to criminal activity!

[godzillamothra]

you can't care about moral hazard if you have no moral to begin with

[Mrzx]

FTX all over again this is a domino effect next week another wheel will fall off

[tomhohn]

Its tough to watch people line the pockets at r. Experience

[parshablessingtheyocolor]

Very good program, I watched SVB for six hours 3.12 yesterday. This program would be improved if the conversation hadn't veered into the political arena meaning Republican vs democrats which was very confusing to me as a Republican. Tom Keene don't confuse the issue no room for politics in this discussion.

[grantchang]

finally i see the wave form
of the stock market and little down little up then big down big up