SVB Bank Fails As FDIC Takes Over

The Brookings Institution Senior Fellow Aaron Klein joins Caroline Hyde and Ed Ludlow to discuss the next steps for Silicon Valley Bank after the FDIC stepped in, impact on banking regulation, and why banks that bet big on crypto are failing now.
--------
Like this video? Subscribe to Bloomberg Technology on YouTube:

Get the latest in tech from Silicon Valley and around the world here:

Connect with us on...

[tunarobber]

I like how the ceos gave themselves a bonus right before the bank crashed

[sugarman]

This whole thing makes me laugh 😂. It's like everybody just woke up to the bankers and their shenanigans.

[QwkDraw]

The ship named "Confidence" has been sailing the Seven Seas far too long. Now the FED is saying "It was just a SMALL iceburg".

[pablobonilla]

Sucha a fan of Andy Serkis! He has the craziest eyes... Hahaha

[--]

Man when they said go woke or go broke they were not kidding around 🤣🤣🤣

[fredost]

The nauseating side of this beside mgmt giving themselves bonuses hours before receivership, is the fact that Fed will now have to backstop every deposit in every bank, not just those below the insured limits. The cry and teeth gnashing of so called business owners who chose to exceed the deposit limits is positively Faustian. Why did the FDIC not go on record from the beginning and say 'no exceptions'.?You deposit more than the insured limit and that bank fails, you lose.
Because the US is a crony capitalism banana republic that deserves to crash and burn, ever since 2008.

[srpr]

US regulates Russia and US Bank fails ... how is that working??

[WallStBetsLobby]

The best tool is the pen of Clarance Thomas Unconstitutional.

[franciscomsosa]

Those were great questions: is the failure contained? Who bears the losses of it (i.e. who are the uninsured)? And how quickly can this situation be resolved (and what can be learned from it!)? Personally I knew nothing about banking systems and I've gone down a very interesting rabbit hole.

[SShogunShogun]

why don't you tell your viewers that the bank went bust because they lend 10 times what they have and if customers withdraw they just "don't have it"?
why don't you expose the criminality of the laws that have been passed by the government to support criminal financial activities by the banksters such selling what does NOT exist?

[deevog]

Tech companies had money in this bank these can force to liquid too? FDIC covers 250k? for over thanks for visiting bank

[stocktradinglive]

Joseph Gentile of SVB? You guys know who he is? CFO of Lehman... that says it all

[Владислав-шсй]

Мировой кризис проявляется во всей красе!

[TarikSammour]

Buy #Bitcoin while you still can. This is just the beginning.

[watchingthecrazyworld]

Get your money out of 401K, 403B and anywhere else. Withdraw all of your money from your bank and start cashing your payroll checks instead of depositing them.