Banks Are Collapsing... (HERE'S WHY)

Silicon Valley Bank just collapsed... Let's talk about what happened.

It's been a chaotic week in the banking sector, with two major U.S. banks – Silicon Valley Bank and Silvergate – collapsing. Silicon Valley Bank collapse is the largest bank failure since the 2008 recession, leaving depositors feeling vulnerable and unsure about their financial security.

Could this spark contagion throughout the banking sector – and even the U.S. economy? Are more banks like SVB soon to collapse? Banks across the United States are flashing red.

In this video, we will discuss the breaking news and find out how the president and government have responded to the crisis; what measures are being taken to protect depositors; and what this could mean for the US Economy.

Joe Biden addressed the banking crisis in a press conference Monday. He stated that all depositors would get their money back via the FDIC fund. This is good news for those depositors, but this could be the start of a domino effect across the United States, and even across the globe.

The Silicon Valley Bank crash could be the start of a domino effect. Stay tuned for more Silicon Valley Bank News.

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*DISCLAIMER* The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.d

[Bloomyok]

Wow this was a good one! Super simplified. Awesome breakdown Wayne!

[JulianTW]

It's happening... Everyone brace for impact.

[im.apollo]

Start of something big. Always love the videos Wayne

[bartonthom]

Wayne--this is an excellent informative video --this is a job well done.

[sebring]

Don't think any bank has enough money to pay out all the depositors.

[bartonthom]

My parents told me stories of the Great Depression and how they lost all their money they had in the bank. I have had 3 banks I have had my money in here in New Mexico fail.

[stephen]

I am a new subscriber to your channel. Your videos are generally very good.
But, I think you made this bond discussion a little more complicated than it had to be. I understand how bonds work - market value goes down when interest rates rise, etc., but this discussion was not easy to follow.

[iiifchannel]

Good explanation.keep coming with news

[supershrpy]

Hey Wayne, with what's going on right now with the banks do you think it would be a good idea to still get into real estate - taking on debt and leveraging? Thanks.

[ThatsTheWayItGoes]

Wow I can only hope to have that kind of account balance pre-retirement!

[ThatsTheWayItGoes]

So when someone purchases a bond at “x” interest rate for the first time in the life of that bond, when they sell it, “x” interest rate stays with that bond until maturity?

[GentlemensCage]

Wayne, you’re officially my rich dad. 😂

[Vicariously_gifted]

Because trump deregulation. One of the ceos of the banks that failed spoke to congress to lobby the deregulation.
Yet the ceos and executives bonused themselves out 3 hours before its bottomed out!

[XcelticXcrossX]

After watching you talk about ceilings, I wouldn’t trust a damn word that comes out of your mouth about anything else.