The Hill Briahna Joy Gray and Robby Soave discuss the rising inflation amid the Silicon Valley Bank chaos. #SVB #FederalReserve
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Privatize profits,socailize losses
how about the 25% of customers making a run on the bank, causing this failure. My understanding is that no bank could handle that much withdraws at one time
SVB's debt to asset ratio was 183/1. There needs to be some some regulation that limits banks debt to asset ratio to help prevent this from from happening again in the future.
❤ bjg
“Perverse incentive structure”
Briana Joy: Queen
There were no wars or bank bail outs during Trumps term. Only during democratic terms.
If 93% of deposits in the bank are uninsured (ie over 250k) then safe to say they are sophisticated. But obviously not so sophisticated that they remembered the FDIC limit.
Biden has to take care of his donors, especially Wall Street and Silicon Valley.
Do the liberal democratic thing just print more money
That's what has happened in 2009…big guys, often the one's responsible in part for the market crash got bailed out, small business got crushed, people had to pay for all this.
I’m tired of bailing these banks! They never learn from their mistakes! It’s not like they paid the taxpayer back from 2008!
There needs to be much more transparency on what these banks are doing. The bank de-regulation that was done over the last 20 years should all be put back in place. These bank-sters shouldn't be allowed to be reckless with other peoples money.
The focus on regulation and bailout for this story is incredibly nearsighted. This bank didn’t take risks. They purchased treasury bonds which is as safe as it gets for a bank. This was a intentional takedown of a smaller bank to consolidate the banking system and maintain more control over the citizens by moving towards digital currency. Do your homework.
Has Bri heard of FDIC?
Robbie is channeling Secretary of the Treasury Mellon.
Why bail anyone out? If they were incompetent in the first place your going to give them other people's money to lose it again! that's Brilliant, question? What happens in the real world when you mismanage your business? Does anyone from the government come along and save you? Why are these elites special?
Trust me, if this was a local bank serving mostly middle/lower class clients, they would not be bailing out the 10% that had accounts over $250k. You've got heavy-weight political donors involved at SVB losing millions from their accounts. Of course their political servants are going to make sure they're made whole.
If someone has over $250k in one account, they’re idiots. You spread your money around to different accounts and make sure the balances don’t exceed $250k. That way all your money is FDIC insured.
Clearly we do not have the proper “checks & balance” system for our Government. Our GOVERNMENT NEEDS TO BE REGULATED & WATCHED CAUSE THEY ARE DRIVING 🇺🇸 IN A DITCH.
2:40 I think Brie is right about that. A lot of people refuse to carry umbrellas until it's already started raining heavily and gotten them soaking wet. By then the umbrella has lost much of it's purpose. That's why it's important to have rainy day funds or insurance for when things do go poorly that might've not been expected before.
But I think Robbie is also right that due to the government being so many people's rainy day fund either through expectation or through practice like bailouts then when the government doesn't immediately provide the umbrella, consequences occur and many people are shocked to see uncle Sam not hand out umbrellas how fast or as much in general as they would like or the type of umbrella used
Why & How the rich get rich & stay rich? They have different rules & laws then the other 99% of us.
This is the next step to central digital banking…
its clear: Our country, economic system, judicial system is completely corrupt. Once you finally get to this place, you will have more peace. Reparations NOW
Did they mention food prices at all in this clip?
I'm confused about the reaction of people like Bri and Krystal Ball. As progressive socialists, don't they WANT the federal government to nationalize the banking system? It sounds to me like a world in which everyone puts their money into one large national banking system is what the socialists want. Isn't it?
No you do not want more regulation and more government involvement
Robbie is wrong that the Bank exec's are getting wiped out. They get to keep their 7 figure bonuses they accrued by ever increasing the banks risk until it collapsed, and even if SVB is shuttered, they will all get hired to do the exact same thing at some other bank.
The government is the problem. The politicians are the one percent and the politicians are the ones who have corrupted capitalism. The politicians have used their power to create regulations, tax burdens, and unfair laws that make having better companies and we are stuck with politicians bailing out there chosen companies.
Rising should stop doing the long awkward side shot at the beginning of the video. I’m sure they have the staff to be able to cut the clip at the actual beginning!
Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have been earning $ 55,000 returns from my $9,000 investment every 14 days.