SVB collapse is ‘nothing like Lehman,’ former UBS CEO reassures consumers

Former Obama economic adviser and former CEO of UBS Robert Wolf breaks down the historic collapse of Silicon Valley Bank and the economic fallout that has followed on ‘Fox & Friends Weekend.’ #foxnews

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[brett]

So glad the woke SVB executives got their bonuses before the bank crumbled...

[Darkmattermonkey]

Whenever a corporate executive says, “everything is fine”, you had better pull all your assets out of that company asap! Because it’s about to go under BIG TIME!

[Xenophanes]

I can appreciate you having this guy on but the "experts" constantly lie.

[cliffthatcher]

SVB was "growing" through their investments according to ESG standards which led them to invest in socially conscious, financially irresponsible companies, which in turn contributed mightily to their decrease in value despite supposedly growing.

[MayorWillieBrown]

Cornpop kept that hairy-legged lifeguard away from the children.

[fritzvolz]

Getting financial advice from Robert wolf; is like getting babysitting advice from Jared.

[ronniepaulinc]

SVB paid out huge bonuses right before the collapse.. hahaha

[truepatriots]

God help us all Patriots under this horrible Regime.

[andysherris]

When a money man smiles and tells you not to worry. You should really start to worry. The mattress under the bed is the safest place for money these days. It's more likely to be stolen by a bank than an actual robber.

[cl]

My son in law works for a company in Michigan who uses this bank. Only half of their employees received a paycheck friday. They did manage to pay the rest of them on Saturday although I'm not sure how.

[jdminn]

Every bank has this same vulnerability. They are over-leveraged, have low reserves (if any), are arrogant and greedy. No worries, though, gubmint will bail them out with our tax dollars (privatizing gains, socializing losses), or the institutions will bail in, legally stealing the little depositor funds that remain. Even bankers aren't confident in the system, this is on video.

Notice dude didn't mention that bank CEO sold $3.6M in stock recently and that employees got paid bonuses just before FDIC moved in. They all got theirs.

[gregorymckinney]

Why SVB isn’t being prosecuted is beyond me

[robinellis]

When ever they say things are fine it’s time to worry. When they say your money is safe it’s time to get it and put in a pickle jar under your bed!!

[carly]

Who wants 50-75% of their money back? What is this guy thinking?

[ianmcgauley]

Nothing like Lehmann alright, it's fkn worse.

[UniversalPatriots]

SPV must be held accountable for their actions against the American people.

[MrJoshuasam]

Let me tell you something another logical scenario. Fed is increasing the interest rates to reduce inflation. Their expectations is to people start depositing their cash and invest those cash in failed green new deals and to fund their woke ideologies. Now people start to realise, with rising interest rate and failed policies, they started to withdraw their money. So yes banks has to sell off their assets at losses ( acknowledge green new deal’s doesn’t work) and stuck with their cash flow. SVB is the first to default. More to come soon.

[geneticsmatter]

I'm more concerned about our *_demographic_* recession than any economic recession. Because people have often come back from economic recessions. But a people can never come back from demographic recession, they literally just become a new, alien people.

[tiffanycurtis]

Be strong America in 2024 this nightmare administration and president and vice president nightmare will be over🤦🏾‍♀️

[chrissiebourbeau]

Just wait until digital currency, then you won't have any control of your money, , , I'm glad I won't be alive to see that !!! I LIKE MY CASH, PAID IN FULL, ,,