Are Banks Really Safe?: New Updates On Silicon Valley Bank Collapse | Forbes

Senior editor at Forbes, Alex Konrad, speaks with Rosemarie Miller on "Forbes Newsroom" about the Silicon Valley Bank Collapse.

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[tuomasholo]

Why hire a risk manager to hedge interest rate risk when we now know the Fed will step in to guarantee all depositors? Privatize profits and socialized losses is now the Feds motto.

[bluecoffee]

Just once, I'd like to see our business press warn of a disaster BEFORE the disaster

[joe.oneill]

Biden & Yellen both say they are.

So the smart money is on "Hell No!"

[ElevenDollarCheese]

Buzzfeed supposedly heavily invested in the woke SVB. Whoops. See ya.

[christophermiller]

Thank you Forbes for sharing this news.
CJM I .
03/14/2023. 12:50pm EST USA NJ 07026.

[briansmith]

Is anybody talked and how they wrote checks into bonuses to all their employees before they went under so you take the money from the people and give it to your employees knowing that your bank's going to fail

[audrajeanrussell]

Why am I not surprised that, in the midst of their bank FAILING, the people at the top (who are MOST to be held responsible for its STILL MADE SURE THEY GOT THEIR BONUSES?!

If the bank you run IS tell me HOW you're still qualifying for these massive bonuses????

And, when you know the main issue is not being able to make PAYROLL....WHAT KIND OF MONSTER STILL ACCEPTS A FRIGGIN BONUS, ANYWAY?!?!

As if, "well, these were 'pre-scheduled' bonuses" somehow justifies the

[claudermiller]

I would like the names of everyone whose deposits over the $250, 000 threshold are covered by the FDIC in disregard of the rules be made public and the amount they received be made a matter of record.
I'm personally curious which politicians, if any, are being bailed out by the government relaxing or outright ignoring the rules.

[lashawannajoyner]

Some one with "common sense" please answer this... Why continue to deposit money after the $250, 000 FDIC insured is at max!?!??? Smh TRUST NO ONE NO MAN NO BANK WHEN IT COMES TO YOUR HARD EARNED MONEY! SMH ...Have multiple accounts at multiple banks... NEVER HAVE YOUR EGGS IN ONE BASKET!

[tommybryant]

No worries your money is just as secure as the boarders, no worries 👍

[roberts]

I wonder how many homeless could have used a bail out to avoid the streets?
Ah **** 'em, they weren't bankers.

[chronicxswagger]

Just buy bitcoin already. Screw these banks

[skylark]

Bankers who take enormous risk and gamble with deposits of customers need to be indicted and thrown in jail. There is no excuse for this behavior. They figure they cannot make any money when interest rates are low so they set up buying bonds that end up failing when interest rates go up. The Republicans were the ones who deregulated banks thereby setting up banks that invest in risky stock and bitcoin and other businesses. Lock them up. Bankers who gave themselves bonuses on depositors money need to be forced to pay it back!

[starseedenergy]

Crypto exchanges like FTX or Kracken is not decentralized so decentralized blockchain crypto must be the answer. Use wallets so crypto remains decentralized