Feds take action after Silicon Valley Bank and Signature Bank fail

Officials are stepping in after Silicon Valley Bank and Signature Bank failed last week to make sure deposits are safe for investors. Fast Company contributor James Surowiecki joins "CBS News Mornings" to discuss what went wrong and how the government is responding.

#news #banking #siliconvalleybank

[jennycressio]

The Rich become richer by spending like the poor and investing Non stop, While the poor stay poor by spending like the rich yet not making any invest.ment

[Sbamabelle]

Tired of these big corporations expecting us tax payers to bail them out time and time again

[alooga]

Privatized profits, socialized losses.

[queenbellajames-meqo]

Most economists expect the unemployment rate - which counts how many people are able to work and want a job, but can't find one - to rise this year.

[lorijb]

While the wealthy play the tax payer pays 😏

[googlesuppressesfreespeech]

And he said, Who told thee that thou wast naked? Hast thou eaten of the tree, whereof I commanded thee that thou shouldest not eat?

12 And the man said, The woman whom thou gavest to be with me, she gave me of the tree, and I did eat.

13 And the Lord God said unto the woman, What is this that thou hast done? And the woman said, The serpent beguiled me, and I did eat.

14 And the Lord God said unto the serpent, Because thou hast done this, thou art cursed above all cattle, and above every beast of the field; upon thy belly shalt thou go, and dust shalt thou eat all the days of thy life:

15 And I will put enmity between thee and the woman, and between thy seed and her seed; it shall bruise thy head, and thou shalt bruise his heel.

16 Unto the woman he said, I will greatly multiply thy sorrow and thy conception; in sorrow thou shalt bring forth children; and thy desire shall be to thy husband, and he shall rule over thee.

17 And unto Adam he said, Because thou hast hearkened unto the voice of thy wife, and hast eaten of the tree, of which I commanded thee, saying, Thou shalt not eat of it: cursed is the ground for thy sake; in sorrow shalt thou eat of it all the days of thy life;

18 Thorns also and thistles shall it bring forth to thee; and thou shalt eat the herb of the field;

19 In the sweat of thy face shalt thou eat bread, till thou return unto the ground; for out of it wast thou taken: for dust thou art, and unto dust shalt thou return.

20 And Adam called his wife's name Eve; because she was the mother of all living.

21 Unto Adam also and to his wife did the Lord God make coats of skins, and clothed them.

[pauldouglas]

If I gamble at a casino and lose, no one can is going to cover my losses

[eddenoy]

Investors will be wiped out. As it should be .

[googlesuppressesfreespeech]

Verily, verily, I say unto you, If a man keep my saying, he shall never see death.

[googlesuppressesfreespeech]

24 Then said Jesus unto his disciples, If any man will come after me, let him deny himself, and take up his cross, and follow me.

25 For whosoever will save his life shall lose it: and whosoever will lose his life for my sake shall find it.

26 For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

27 For the Son of man shall come in the glory of his Father with his angels; and then he shall reward every man according to his works.

28 Verily I say unto you, There be some standing here, which shall not taste of death, till they see the Son of man coming in his kingdom.

[googlesuppressesfreespeech]

I told yall I'm taking down the banks, it's the end of banks!!! And all you did was laugh 😁

[googlesuppressesfreespeech]

21 And the Lord God caused a deep sleep to fall upon Adam, and he slept: and he took one of his ribs, and closed up the flesh instead thereof;

[chicagogal]

Remember when Signature Bank closed Trumps bank accounts? I'd say they did him a favor. Everything woke turns to 💩!! Signature just crashed. BuhBye 🤣😂🤣😂🤣