Silicon Valley Bank parent company files for bankruptcy; First Republic secures aid

Silicon Valley Bank's parent company filed for Chapter 11 bankruptcy this morning. Lauren Hirsch, business and policy reporter for The New York Times, joined CBS News to discuss how this move is different from the regional bank's collapse, and the state of the U.S. banking system in the wake of the First Republic aid package.

#news #siliconvalleybank #bankruptcy

[cario]

Hit 100k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 8k in June 2022

[teddymoon]

bankers should have PERSONAL liability from now and should be held liable. like a cop is held liable if they make a mistake.

[shiftymcgee]

Creditors are entitled to nothing until the fed gets its money back for paying SVBs depositors in the first place. No free rides, especially for rich investors.

[DxModel]

great analysis Lauren! Gov vs Creditor battle… Government always wins.

[jerrywilliams]

Soon the people will all file bankruptcy no reason for them to pay off all this debt that was forced upon them the banks not responsible for their debt than the people aren't responsible for all their credit card debt so let the bankruptcies begin it's easier to start over than it is to try to catch it up it will cost you far less

[oliver]

Don’t believe a word of hers. The domino effect of 2008 is back!!

[pedronunez]

Atleast there are no more mean tweets from the president

[farhanabdulhamid]

Wow wow god Femily Democratic okay Family business ok thanks Good bank yes okay Happy TNX GOOD FBI yes okay Happy business okay TNX U.S. Family First good USA god TNX business Democracy yes Bank Family Happy GOOD

[alozano]

Thank you Dark Brandon the most effective administration ever in American History. P.S. 10 % for the BIG GUY

[briannegnubu]

The best way to fight this is to VOTE again for JB!!, majority of the people wants changes from the previous president, , and THIS is one of the big CHANGES!😅😂😂

[snotbubbles]

Good thing no one watches this show, really Wonkey? Jeez