Page 3 - Fdic Limit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

About treasury notes and interest rates and ex. >> but what caused chaos with the banking? >> i think two things, one, bank management strategy was flawed. they had 90% of their deposits short-term deposits held in a few accounts over the fdic limit, they were very concentrated in their deposits, 90s% were not insured by the fdic, they invested in the long treasury bond and long mortgage bonds, 10 years, and longer you invest the more at risk you are when interest rates go up fast, they had an asset liability to mismatch that put them in a tough financial position to make money. that i think c...

Week's actions demonstrate our resolute commitment to ensure our financial system remains strongs. trey: all of deposits or just those to the fdic limit. >> i think she means that banks as general matter are strong, i talked with arkansas bankers last week that is what i heard. we had individual banks with individual challenges, i think secretary yellen was pointing out she took action last weekend to preserve those insured deposits and the barge bank that got in an immediately quick run trouble because of a tiktok from the week before. trey: congressman we served together, you know most of th...

Only ensures about a quarter million. but if you know that the government and will step in and ensure those accounts there's no rifng to keep putting millions of dollars in. above the legal fdic limit, it just incentivizes bad behavior. >> yeah and -- i would like to get you both on what's happening also with russia. and the fact that the chinese president is planning to head to moscow meet with putin, brad you first and what i want to know from you is what do you think biden administration should do if anything regarding this meeting. >> well look it's a sign of the ever deepening and troubli...

Systemic effect it has. i think what happened is we were so focused on the too big to fail that i think a lot of us were saying, yes, but bank number 11, bank number 30, bank number 75, if you're a depositor, it's too big to fail in your life in, your business, and i think that's what we saw this weekend. >> that's right. are we at a point though now as a country -- i say this with the caveat most people don't have $250,000 in savings. if the fdic limit is there, they will be fine. but banks are making payroll for small companies, so therefore having the deposit base safe matters and matters s...

Statement did not say wa anything about the sale of the bank if you talk to any members o congress, like our team on capitol hill, yesterday an today, the biggest thing the want is a sale of the bank and on the congressional side, the california delegation of republicans and democrat wrapped a briefing call this afternoon. they were briefed ahead of thi public statement they want both the engineering of a sale of the bank, and t raise the fdic limit right now, that is $250,000. but if that does need to get raised, or if that does want t get raised, that will need congressional approval and the...