BREAKING: Federal Government To Bailout Failing Bank With Billions Of Taxpayer Dollars

[Seoul Gleou]

Who is they?

Aliens from the galaxy next door

 

[Savvir]

they sent money to cacs in ukraine
they bail out billionaires who are already evading taxes

but they wont bail you out on student loans, they won't give you tax breaks

Svb has securities that will cover all coats after they mature.

Yall don't really research topics before you form opinions

 

[JetFueledThoughts]

OK then...

Explain why bailouts of banks are a more viable option then forgiveness of student loan debt? Or is that too nuanced for you to explain?

1. ‘Bailout’ usually implies that the taxpayers bear the brunt of the financial ‘safety net’. That isn’t happening here. Shareholders of SVB, and some of the holders of unsecured loans, won’t get anything back. People who deposited money into SVB will. So when all shareholders and leadership of the bank get told ‘sorry your money isn’t coming back’ that isn’t a bailout. So your entire premise isn’t correct to start with.

Svb has securities that will cover all coats after they mature.

Yall don't really research topics before you form opinions

Or in short, this


2. I’m in favor of student loan forgiveness, but things like that require a voting throughout government. They haven’t gotten a large enough portion of the government to be in favor of student loan forgiveness. Student Loan Debt represents almost 2 Trillion Dollars. If we just woke up one day and erased all of that, so many banks would take such massive losses that we’d have a real bank collapse, way bigger than what we just saw happen.

And while we’re here, student loans have been paused for almost 3 years now. People act like that’s nothing, but it’s pretty significant. The money you woulda used to pay down your loans, what have you done with it since the pause? Share with the class how you’ve flipped it?

You’re taking two topics completely separate of each other and trying to make a comparison. One of the many reasons that the SVB / Signature Bank discussion isn’t one that will be productive on this website.

 

[DJ Paul's Arm]

So wait, they’re bailing out just the depositors and not the bank?

 

[Lexington Steele]

Hand outs
Lazy
Free market will make everything alright
Work hard
Meritocracy
B O O T S T R A P S
O
O
T
S
T
R
A
P
S
Did I miss a buzzword

yes, you forgot woke

 

[☑︎#VoteDemocrat]

crypto clowns tried to take down the USD

 

[Pure Water]

The headline is extremely misleading.

 

[Lexington Steele]

Nah im going at TLR directly with their fake ass rhetoric of 'bailout crickets, student loan forgiveness hol the fukk up'

its just another bailout for rich fukkups while they tell us it's simply not possible to help regular people

nerds will run in here, pushing their glasses up the bridge of their nose, to tell you "well technically, due to Bacon's Rebellion in 1676, an act of congress is required for fiduciary responsibility blah blah blah"

 

[Fillerguy]

this is a pandora's box if the feds go through with this.

there needs to be enforced regulation on banks. for fukk's sake the same top brass of SVB were working at Lehmann, ANOTHER failed bank from the great recession

why are people okay with the feds bailling out millionaires and billionaires but not people with 25k or less in student loans?

is it because of Student Loan Asset Backed Securities that hinge on us making payments forever? why is that even legal?

americans need to wake the fukk up. their politicians and govt only care about the rich, at the expense of the poor and middle class

Lobbyists and former legislators turned CEOs and vice versa spent the 30s - 80s convincing Americans that the rich and corporations are job creators and the backbone of the economy....and we continue to believe it. But not entirely our fault. The people who designed the system made it for themselves to exploit. The 2009 bailout was the most blatant display of this notion. The utilization of the 401k was another example....its discovery was an "accident" and the government tried to sue ppl for using it so they could seize the taxes being saved by the individual.

And imma kept it a buck. Much of the insolvency protections in this country are meant to appease us "peasants". At this point in my career in the Financial Industry, I'm convinced the middle class was created to strictly to fund the ultra wealthy in the form of credit. Most of these entities/people don't have liquid assets and/or their net worth its 70% tied up in investments that hedge on debit of the average American. Its an elaborate IOU system which will fall apart the moment enough ppl want to see their actual money.

 

[Yapdatfool]

1. ‘Bailout’ usually implies that the taxpayers bear the brunt of the financial ‘safety net’. That isn’t happening here. Shareholders of SVB, and some of the holders of unsecured loans, won’t get anything back. People who deposited money into SVB will. So when all shareholders and leadership of the bank get told ‘sorry your money isn’t coming back’ that isn’t a bailout. So your entire premise isn’t correct to start with.

How does the fed guarantee deposit money from a failed bank? Its 150 billion dollars. Unless its coming out of shareholder/leadership money... which didn't come from thin air

 

[Dave24]

Subbed

 

[ABlackMan]

They trying to bail us out on student loans but we all know whose trying to stop that.

Smh yeah the American people smart guy

 

[Samori Toure]

they sent money to cacs in ukraine
they bail out billionaires who are already evading taxes

but they wont bail you out on student loans, they won't give you tax breaks

They also bailout farmers and corporations and not one Republican anywhere files a lawsuit to stop them.

 

[Serious]

 

[JetFueledThoughts]

How does the fed guarantee deposit money from a failed bank? Its 150 billion dollars. Unless its coming out of shareholder/leadership money... which didn't come from thin air

Read this article…

Here


But judging by the conclusions you’ve already jumped to, you don’t like reading full articles. So below are the highlights to answer your questions…

"After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary [Janet] Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors," the said in a joint statement. "Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer."



“The officials stressed that the funds used to pay depositors of Silicon Valley Bank and Signature Bank will come from the FDIC's Deposit Insurance Fund (DIF). The DIF is funded by fees on banks, and then from earnings on their investments such as Treasury securities, and currently has more than $100 billion in it, according to officials.

"The Deposit Insurance Fund is bearing the risk. This is not funds from the taxpayer," a senior Treasury official said.”