Rep. Jeff Jackson unpacks the collapse of SVB and Signature
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- čas přidán 5. 06. 2024
- President Biden is calling on Congress to expand the FDIC's power to hold bank executives liable after the collapse of Silicon Valley Bank. Rep. Jeff Jackson (D-NC) weighs in on what Americans should know about the safety of their money.
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#SVB #Markets #Finance
A database created by the (liberal) Claremont Institute, revealed that SVB either donated or pledged to donate almost $74 million to organizations affiliated with the Black Lives Matter movement.
I 'm 62 years old, and I haven't experienced the racism that LeBron and Oprah experienced that made them billionaires, or the segregation that made Obama President.
Do you think the big guy will get his 10% for bailing out as friends
Didn't the 10% go up 100%?
BLM raised $90,000,000. What happened to it? They set themselves up in luxury 6 Million dollar Mansions and stole the rest. BLM killers murdered 11 children during the George Floyd riots.-->> "We're trained Marxists" -Patrisse Cullors BLM founder vs, "I have learned a great deal from Marxism and I do not hesitate to admit" -Adolf Hitler.
🦆Now, yonder stands Joe Biden in this lonely crowd A man who swears he's not to blame
All day long I hear him shouting so loud Just crying out that he was framed
These banks were operated by incompetent people. They had a little if any baking experience. They were also very progressive in their thinking, and they made terrible loans often to green energy enterprises that failed.
Coupled that with banking regulators, who failed to regulate, who failed to do their job, and we have a recipe for disaster.
They were investing in what the government was telling them to invest in. Then the government bailed them out
Helping the people of Ohio could've boosted the Biden administration's image. But of course, "to big to fail" is still in effect. Thanks Obama.
🦆SVB donated $ 75 Million to Black Live Matter.
This is the worst administration. Full stop.
@@Upper-cr1kh got em lol
SVb. "THE CALLS WERE COMING FROM INSIDE THE HOUSE"!!!!
If someone tells you that banks need less regulations... Tell them you are tired of paying for their mistakes
Exactly!
@Jeff The Dodd-Frank Act... Tax-payers are on the hook for failed banks... Has nothing to do with the service you get when you put your money in a bank... has everything to do with solvency in the midst of investments turned bad... Investment decisions that are the sole responsibility of the financial institution and courtesy of regulation roll backs
💯 They and lawmakers who let them need to stop pushing their own liabilities onto the public.
Trump will b Pres again n 2024. He'll fix all Biden/Pelosi/Schumer Democrats screw-ups. True story. MAGA.
Government bonds are seen as the least risky bank investment possible. The run on the bank caused the collapse. They had to cash bonds to pay withdraw demands and lost all interest rates..
The real danger is more banks are susceptible to the same issues as interest rates climb.
Biden is damned if they raise interest rates with bank failures and damned if they don't with continued inflation.
It's going to be a global problem.
Larry Kudlow predicted all of this 2 years ago when he saw the fed flooding global markets with money
Go WOKE
Go BROKE
🦆Wokeness is the new term for "cultural Marxism". The term represents a loose coalition of far left ostensibly social justice and environmental causes that are only representative of those causes at a very superficial level. Scratching below that thin veneer you see a purely far left economic motive, something akin to Marxism and anarcho-communism. The braindead cult members who belong to these groups largely can't explain why they belong to them or articulate what it is they believe and why. When asked, we may get a platitude, then insults about those they say they oppose, then on to erecting straw men and ad homs. Many simply don't know at all - they must be in it for the pot.
What was the name of that game where the animals ate the marbles? Oh, yeah... HUNGRYHUNGRYHIPPOOOOs🤣
The government has really made things more difficult for its citizens and we can't sit back and bear all the consequences of the bad governance. it's obvious we are headed for hyperinflation, it is always the poor who take the hit.
@@samiam3712 Most Democrat voters probably don't drive or they pay for groceries with money they earn, so they don't care about higher gas and food prices...
Woke bank tanks...
Loyola professor claims organized pantries are rooted in ‘racist and sexist’ social structures 😂
These people say pro choice but how can be a choice when they only want one option
🦆Wokeness is the new term for "cultural Marxism". The term represents a loose coalition of far left ostensibly social justice and environmental causes that are only representative of those causes at a very superficial level. Scratching below that thin veneer you see a purely far left economic motive, something akin to Marxism and anarcho-communism. The braindead cult members who belong to these groups largely can't explain why they belong to them or articulate what it is they believe and why. When asked, we may get a platitude, then insults about those they say they oppose, then on to erecting straw men and ad homs. Many simply don't know at all - they must be in it for the pot.
Let's see how you spin this
Fact: "Florida sends $135 billion and D.C. returns $150 billion to Florida"
"This is the worst trade deal in the history of trade deals"
Fun fact..
I saw nothing when I searched the details of your post. More fake news.
Red states are welfare states. Old news.
If a company has a high ESG score, I don't want my money invested in it...💸💸💸
Look at what these banks invest in. Maybe would have something to do with it.
@@ronswanson2029 Doesn't matter they are brainwashed anyway
I guess Biden missed this banking policy when he rolled back all of the other Trump policies!! 🤡🤡🤡
" You should vote for Trump." Joe Biden
As a trans racial birthing person I always felt welcomed at SVB.
It was a republican bank
@@dekanelad6755 Silicon Valley Bank (SVB) run by rich liberal Democrats did NOT have a chief risk officer as it was collapsing - even as it employed a chief diversity officer. Liberals are cancer
@@dekanelad6755 😂 do you realize nothing you write is ever true?
The ESG, Silicon Valley Bank that donated 73 million to BLM and their causes was a conservative bank?
I believe Simone as far as I can throw her.
Hey hey.
I’m modeling my transition from a white male to a confused black woman after her.
💯
Where was the oversight that banks this size are supposed to be receiving?
Ron Paul was right again 🏄
Princeton goes to Sweet 16
Liberals: “OMG ARREST TRUMP NOW !!!”
Thanks
~Jim Eagle
Expand the power of the very government institution that failed in its duties and caused this. Yep, sounds like brain dead Obiden. Blame someone else and give more power to the actual criminals.
My dad says if they take his social security he will sue the pants off the Republican Party.
@Jeff The largest deficit in US history was during Trump and 18 banks fail from 2017 to 2022
Trump will b Pres again n 2024. He'll fix all Biden/Pelosi/Schumer Democrats screw-ups. True story. MAGA.
Nothing in Joe Biden's proposed budget addresses the social security shortfall
Joe Biden has been president for over 2 years. He's written unconstitutional executive orders. If he had a problem with regulations he could have changed them
What does the Biden budget do to keep social security functioning?
so banks are collapsing and her question is about trump.... what a joke...lol
The bank is boring. 16 banks SIXTEEN collapsed under Trump. Can you count to SIXTEEN? LOL
@@dekanelad6755 There are 4157 banks in the United States. SVB has more lost assets than all of the banks combined during the Trump administration. Not including signature bank and silvergate capitol which also failed with more failures on the horizon.
@@marxkills Trump bankrupted a casino 6 times. A CASINO.
16 banks failed under trump. 16
@@dekanelad6755 and over 500 collapsed under Obama.
So obviously Democrats are 31.25 times worse than Trump.
Good point 👍
@@dekanelad6755 ...and we are back to trump...thanks for proving my point.
If SVB didn't focus on their woke ideology and used proper risk assessment, this would've never happened. Nevermind Biden failing to lower inflation back to the normal amount
Remember Joe Biden telling America about the time he was arrested for marching with Nelson Mandella
I would go back on Tiktok if it was American owned.
🦆Now, yonder stands Joe Biden in this lonely crowd A man who swears he's not to blame
All day long I hear him shouting so loud Just crying out that he was framed
So maybe former guy's 2018 banking deregulation bill that bumped the threshold for stress-testing, from $50B to $250B wasn't the most stable or genius idea? SVB’s CEO, Greg Becker, lobbied for that bill.
But...but...Trump! 😥😢😭
@@kilgore7778 Butt hurt 🥵
@@kilgore7778 truth hurt?
Yeah it is funny how you can't find any federal reports on that banks stress test prior to 2018...
So maybe Biden had over 2 years to undo it but he didn't. I wonder why...🤔🤔
Go woke go broke?
I don’t know who needs to hear this but…
Amish children, children in the hood & children living in trailer parks are not transitioning, nor are they inquiring about transitioning.
Children wanting to transition isn’t happening naturally, they are being influenced by adults.
Yep
Religion is terrorism. Period.
Jamie Dimon stands to benefit from this and the Big banks are about to get bigger. We badly need some serious trust busting now!
Instead of these banks focusing on diversity and equity. They should have been focusing on making sound banking decisions.
Too bad after birth abortion isn't real, your mom could finally fix her mistake LOL
I lub it when MAGAts cry that treating minorities and LGBTs as normal people instead of exterminating them caused SVB to go bankrupt.
That's modern Democrats for ya.
His personal lawyer Michael Cohen went to prison for this!!!! WTF!!!
Cohen lied to congress and democrats went after him to get at Trump. Trump could have shielded him with executive privilege. Trump could have pardoned him.
Either of these things would have outraged democrats.
I remember when lying in front of congress was a serious problem for the person doing it.
Fauci, Yellen, Mayorkas have all lied in front of congress
michael cohen went to prison for lying
THAT IS A LIE!
@@SM-eq6uk whats a lie?
How much does she weight? 320?
We hope the American republics economy gets better as soon as possible.-Jennifer O'Nevada, RAC News, Saturday, March 18, 2023
The banks should stop gambling with customers money. Or we should just scrap the banks and use only one central bank.
they should also scrap diversity hires
When you focus on ESG scores and DEI programs plus having people not qualified for the job and then high inflation, guess what
Dems never take credit for their work.
Wokeness is judging everyone according their identity characteristics rather than individual merit.
It's what the woke do😂😂😂😂
Remember when t'rump bragged that he was going to rollback Dodd Frank, and "remove the regulations" that were keeping them down? 😂🤣
Remember how president Trump hasn't been in office for going on two and a half years?
@@barnowl4528 Remember the 15 banks that collapsed during Trumps four years in office? I'll take two over 15.
@@stevenbentley310 Remember how none were nearly as big as SVB?
@@stevenbentley310 16
@@bartjargengarblbargeler1980 remember how republicans ignore all trump's failures
Chair Lives Matter symone
Your diabetes loves your chair
Did they arrest Trump yet?
SVB and railroads have proven why regulations are necessary and less expensive. No to them and any lawmakers who let them. They must be made to stop pushing their liabilities onto the public.
Government bonds are the most stable investments possible. No regulation would have stopped what happened.
@@StephenCarmona Not in high inflation and higher prices from supply and demand. They didn't adjust to risk and knew and made a run on themselves selling shares while keeping depositors in the dark.
@@niclewis9610 what destroyed SVB was the run on the bank. They were heavily invested in government bonds. Rising interest rates made the bonds bad investments, the run in money forced them to sell bonds at a loss.
This scenario is going to play out globally. Too much cheap government money was printed by the fed and distributed globally.
We were bailing countries out who did the same garbage covid lock downs the United States did.
@@StephenCarmona Republican deregulation
@@dekanelad6755 are you saying that Joe Biden and democrats knew there was a problem and did nothing for over 2 years?
That sounds terribly irresponsible.
Wow. This man is using TikTok? Unbelievable. Get off TikTok immediately.
This is the same reason why Karine JP is the most informative, transparent and honest pres sec of all time!
Prove it.
@@wuhanbioweaponslab you're obviously a Ukrainian bot.
@@antimatters455 You're obviously as dense as a cement block. KJP says a million words that make no sense to anyone but her addled brain. 😂
🦆 Looks like Biden is Accused Of Getting AG FIRED After She Sues Chase Bank For HELPING Epstein.. If you don't fire that prosecutor, you're not getting the billion dollars. Maybe something like that...I thought it was weird for a president to head down to the Caribbean for vacation. Now it makes more sense.
@@antimatters455 She's not even bi. 😂 She only claims she is for social point status. 😂 😂😂
You better look around to what's happening around the World, take your money out the bank keep just enough to pay the Bill's. I've been preparing for 3 years for what's about to come, just bought a Solar generator.
That money should be kept in precious metals
You're a genius lol
if you see a bank with a rainbow flag , WALK AWAY
LOL 16 banks failed under trump, princess
@@DragQueenJesusApparently you missed the point, princess. If you see a bank with a rainbow flag, walk away.
What would this fool know about the banking systems,needs to put a lock on the fridge though.
Woke
Woke
Woke
Woke
Woke
Woke
Woke
Woke
Woke
This woman is so annoying! Please bring Jen Psaki to replace her!
They literally invested in the safest bonds possible. Thank Biden for creating this bussin bussin economy
Thanks Samoan you big beautiful man you
@@AEnema-_They're the ones crying that Michelle Obama is a shemale and that the Obama Girls were secretly adopted.
Hilarious
@@stoopidpursun8140 Why you always post the dumbest comments?
@AEnema you don't
@SCABCRAWLER you killed those puppies
If the Trump tax cuts for billionaires are reversed, this will bring in $Trillions of Dollars, the free health care system can then be introduced and the billionaires will have helped to pay for it, so will be able to sleep well at night knowing that they have helped to enrich the lives of ordinary Americans.
Misinformation brainwashing isn't working anymore Trump 2024
Yes, because THIS time pollical healthcare won't be about politics. It won't go broke funding campaigns for power, and it won't create shortages or suicide pods. THIS time, it's going to work, because THIS time, you paid people enough to be really lazy.
Why should the rich pay for bank bailouts run by incompetent people?
Dems are always demanding the rich "pay their fair share", but when they are in power they don't make it happen. Why is that?
You mean working class will have to support welfare class even more
GO WOKE
GO BROKE
IS THE LIBERAL MOTTO!!!!
😂😂😂😂😂😂😂😂😂😂
More blank checks to Ukraine
if people just done there job,, laws need to be made so the people that dont get prosecuted
SVB was making unrepayable loans, no questions asked, to anyone with a rainbow flag in their Twitter bio. I can't imagine how that would go wrong.
(Joe Biden) Hold my beer Jimmy Carter.
BAIL OUT
10,000 views... 289 likes...😆
500 deleted comments
@@hdtvcamera1 Free speech is like Kryptonite to Leftists...😷
$ in Banks --->Fidelity (Bitcoin and Eth).
Lets go BRANDON . Theres more to come. 😂😂😂😂😂😂
@Angry Twinkle Toy Shoes CHUD Patriot. agreed 👌🏽👌🏽📣📣📣📣
@coincidence theorist exactly.
Oh those Silly Cons😂😂😂
Civil war 2
Unpack = tell us what to think. Not Bidens fault.
It's not Biden's fault! He can't find his way off of a stage. Obviously, we have a shadow government. My best guess is China,they bought the Biden Crime Family.
Uhh huhhhh! 😂
THIS IS BRANDON'S AMERICA! 👎
The Economic horn.
And the beginnings of Sorrows..
( Earthquakes).
Sorrows,.( Greek) for labor pains.
See 👀 Arnold Murray. Types.
Thank 😊 🙏 you MSNBC. ❤️ 😍 💖.
First SVB said they were too small to require regulations now they're saying We're too big too fail. All while acting to protect themselves and shareholders.
Bank collapse?
Oh, Trumpity Trump Trump.
Fox news on SVB: "The bank is too woke! That's why it failed!"
Fox news on First Republic: 🤷♂
Ro G: "But Trump lost 16 banks!! 16!!!!! Reeeeee!!!!"
Obama: over 500 banks lost. 🤣
Hey Symone! I used to always enjoy watching you on Jake Tapper. Awesome that you have your own show, get it girl!
172
Symone looks lovely today!
LOL! Good one!
@@turdferguson3475 Do you know that young and pretty women don't date Magas.. Besides the trailer trash chicks.😂
@@turdferguson3475 Be nice, pass it on!
60/60?
she has a head like a dropped pie
SVB was more concerned with wokeness than with sound financial management. The result was inevitable.
I lub MAGAt clowns who cry that treating blacks and LGBTs as people instead of shooting targets made SVB collapse.
@AEnema so it's just chance that failing banks actively advertised their wokness?
@Travis Any chance those "experts" are leftists too?
So what's your excuse for the Great Depression and 2008 financial crises. Absolutely zero diversity involved. Iceland came out of 2008 in tact. Difference female politicians and Banking executives.
@Jeff republican deregulation... same as trains
EXACTLY CORRECT: THEY MUST REGULATE THESE OVERTLY RISKY FIDUCIARY BANKING LOOPHOLES
Republican gop deregulation has come back to haunt us all. They will blame everyone except the bankster donors.
The Trump administration was the first dysfunctional, corrupt and treasonous government in U.S. history. Vote Blue in 2024.
@@708robertd republican gun deregulation in Indiana duh
Are you saying democrats thought this was a problem for over 2 years and did nothing? That sounds very irresponsible of them
Hey! Did you hear?? It turns out COVlD originated from an animal after all! The basswasp!
The story is laughable. Nobody believes it.
@@marxkills WHAT?? You mean COVlD didn't come from a basswasp??
@@bidenharrismadmagazinesper574 no, it came from a dog raccoon working on covid gain of function research. 😥
MAGA
WHAT CAN THIS REPRESENTATIVE TELL US THAT THE CEO OF SVB IS ON VACATION IN HAWAII AFTER THE STUPID ADMINISTRATION BAILED THEM OUT 😂😂😂😂😂
Oh hi brigs. Who bailed who out? Do you pay attention or just come to make your irrelevant stoooooooopid comments
Symone can't wipe herself
Your face can lol
💯
Wrongful prosecutions is punishable... woulda coulda shoulda liberal political motivated prosecution banana republic crap😂