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Also notice that the white house appears to be, maybe we are reading into this too much trying to induce runs on regional banks. they seem to be trying to take away your confidence in those banks. their is kareem jean pierre. she is a vessel for the plans of others. here she is on friday as sbv is collapsing. she doesn t say a word about the fundamentals of the market. she talks about the one thing that matters to her which is the racial identity of the people in the finance sy system. note the historic nature of the moment that you see in front of you right now, all three of us or historic first in our roles, cea chair, omb director, white house press secretary. the first black women right in front of you for those three important important key roles in the administration. tucker: these people act all self awareness as if anyone ....
Days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country deposited accounts at these banks can breath easier knowing they will be able to pay their workers and pay their bills. tucker: so the money is coming from the fdic so the feds have it covered. don t worry about the details, everything is totally fine. hold on, slow down pal. how did this happen? can we get an explanation for that? don t we are regulators, how did those regulators since we are confident they are exist, how did they miss the fact that sbv was for months and not in some complex credit default swap way. spend 5000 words trying to understand. it s really easy to understand, their liabilities were bigger than their assets. very simple. how did nobody ....
Host of fox business, the big money show. and we re grateful to have him with us. there is all this pressure on the fed, i know, cpi comes out tomorrow, fed meeting later in the month whether they are telling us whether they are raising rates, but then it seems to me big picture maybe these are all the by-products of 13 years of 0 interest rates, but what do i know. the music has to end at some point, tucker. that s what is happening. svb bank, competence compounding. incompetent monetary policy, the fed mismanaged things for a long time. that tapped into sbv which didn t know how to manage its risk, now you have depositors who thought they couldn t get their money out until the government said, no, we ll swoop in and help you, but the reason they were so excited to do so, ....
Will be there. small businesses across the country is breathe easier knowing they will be able to pay their workers and bills and hard working employees can breathe easy. no loss and this is important points, no losses born by the taxpayers. biden administration says since investors were not covered, this was no bailout. they are wanting to recoop losses, claiming sbv should have warn investors it was susceptible to a bank run. they deceived investors and acted with wreckless disregard. many feel federal regulators dropped the ball not being aware of the impending bank failure as they should have been. as a member of the senate ....
The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 in a rescue deal, the government and HSBC announced Monday. ....