Why This Sign Is in Front of Banks | WSJ 

Most people when SVB failed: “ I need to take all my money out of my account I don’t trust the bank system” Their bank: “ok… how would you like your $215.68? Small bills or large bills?”

60 minutes had a piece on the fdic taking over heritage bank in Illinois..the fdic went in after the last customer left,then started counting money and going over the accounts then the white paper was put in the window..it was amazing..

Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $117k stocck portfolio, what’s the best way to take advantage of this bear market?

Thank you, FDR!

What's to stop the banks of doing risky business when they know the government will bail them out time and time again?

The Wall Street Journal makes the absolute best explainer videos on RU-vid. Concise, well edited visuals with awesome expert interviews

Thank you for this video 🙂👍

We just cannot insure ALL uninsured deposit. Eventually we all will be paying for it one way or the other. The bailout of SVB is basically middle class bailing out billionaire play money (VC/Tech). SVB is not your avg commercial loan in agri or manufacturing. It's a bubbly tech and VC-focused bank. One thing the video didn't mention is usually uninsured deposit gets back 85% on avg, so it's not like they'll lose everything. Creating a precedent on guaranteeing all deposit will just make bank behave more badly (cuz they know no matter what they will be bailed out) which makes the problems much much worse down the road.

I think a follow up video on the FDIC funding and whether it can support all insured deposits 🤔

Watching the events unfolding, I have lost trust in US regulators altogether. Why is it that rich depositors needed saving from FDIC? Had FDIC gone the extra mile when a similar situation happened at local community banks? Anwer is a big NO. And why? Lobbying power, a sweet name of the Legal Corruption in the land

That was very informative, thank you

If I had to guess, the token mentioned in the comments, even though it’s claimed to be backed by amazon, is a huge scam. I’d wager bezos wouldnt need bots to sling his token

It's really good to know how to do this

The FDIC and Central Bank need to ask each other... What happens when we jack up interest rates rapidly, like we did throughout 2022-3 ??? We can't afford another economic slaughter house...

when these small banks fails, the big ones will just gobble them up and get bigger

Put 250,000 in one bank, and 250,000 in another bank.

Does it also protect us from paying for the bailout with our future taxes? That would be neat.

My mom and I get great returns on our investment with Ms. Chalian Shantae, her skills on set are amazing.

Its there so you don't have to do your due diligence on your bank's solvency, like you should...

It is common sense that all those having more than 250,000 should withdraw their deposits in any case.

The FDIC cannot handle a run of any real size. They couldn't at a 250,000 limit and they can't at the new infinity level. Depositeors are going to end up getting bailed in when they want to get out.

10 pots but with only 1 lid. We need ChatGPT to tell us which one to cover. 😆👌

"when your banks fail" hahahaha

Good

SVB: the first bank run organized on Slack.

FDIC fund got only approx 125 billion liquidity backing over 9.5 trillion bank deposits, which provides only 0.03% cover. Doesn't seems enough. in case of bank run, Govt cant provide full deposit cover to all accounts and Fed need to start money printer.

The title was changed. It was "How FDIC protects our money when banks fail". I don't know why the change made.

They tryna save the markets every chance they can lol

Wait. I thought the banks are the ones paying for the insurance for our accounts knowing their are making so much money and give so little back to depositors as interest. And why did it fail is something you avoid mentioning… CEO gets paid and run away with millions and selling their stocks offload the risk to the depositors. Fail like this as a business needs to be investigated and regulated.

Hmmm higher bank fees for holding an open account, or hold my own assets in a decentralized wallet for no cost? Such a hard choice.

If you add beneficiaries to your account it increases the limit. You can have up to 5 beneficiaries and be covered for up to $1.25mil. WHY DO SO FEW KNOW THIS???

The rules are there to follow. 250k is 250k. Why save the companies that are the venture capitals investments from taxpayer money?

Having read A History of the United States in Five Crashes, I didn't think I would ever see a bank run like the 1920s, and yet here we are, 2023 acting like its 1920 all over again.

$250k is no where near where it needs to be for organizations. Some companies have millions so are they supposed to have 100 accounts??

When "your" bank fails, when will mine fail? Thanks.

You forget leman brothers 4 largest bank money despair overnight

Where is the crime/corruption they stoled funds for bonuses the day before?? They should be jailed and charged with robbery crimes committed by taking funds to line their pockets of bonuses for failures on their part??? Someone better get their act together and make them pay back with penalties and interest

If big banks buy small failed banks, then whose money would it be from the big banks?

FDR was a wise man.

Considering money is just numbers on a screen, what's the big deal about just giving digital money to all the people who lost money in a bank failure with the simple push of a computer buttons? Banks make money out of thin air all the time!

Was it $250,000 since FDR or was it ever readjusted for inflation? Would have been helpful to mention in the video.

BRING CASH HOME. First Republic Bank has already used up the TBTF banks "injected" liquidity and also lost 99% market cap. from its peak. Do the TBTF banks have enough LIQUIDITY for their own use !?! In this inflation are bank runs going to happen everywhere !?! What's next !?!

I heard the FDIC only has 1.3% of the amount of money it is covering. What happens when that runs out.

thank you FDIC. people need to stop panicking and start drawing their money out for no reason 🤣

faith and credit, lol

Sounds like the tax payer would eventually pay for those uninsured deposits

The fees of the normal people go up while the assets, salary and benefits of the idiot executives continue to increase. Just as the system was meant to work.

I remember learning this in school.

Where are the Libertarians during this bank crisis? They should be advocating for abolishing the FDIC but they are nowhere to be found.

And how the IRS keeps your stimulus check and your past 3 refunds......

Same here DGIC in India

How long do they have to pay you back.????????????? How much at a time ???????????????????/ RIGHT 10 years ?

I made sure to pull my money out of the banks. If the federal government in taking action, run.

Not discussing moral hazard is a huge ommision. Also, factually incorrect. It was not implemented as designed. Guaranting all deposits is completely different from 250k

The government only had so much money…. In my opinion, I don’t think the government can keep throwing money at people if ALL the banks fail it’s only a matter of time before the bubble bursts, because right now the stock market and economy are like a very fragile bubble, and we are about to POP!!!!

The bank should NOT invest client’s money, they should be investing JUST their profits!

The graph for the banking bosses pay cheques heads in a 30 to 45 degree upward trajectory. Meanwhile, society is going the other direction.

How about that! A Democratic president that actually passed a law to protect hard working Americans and not major campaign donors.

Now you get to insure large accounts too. That's how the little guy gets to pay the bill again. 250k was the right amount.

Yep...FED failed investing banks...period...hello Powell!!

Q) will USA's Stanford University be suing these Law Professors……Q) will Drug Cartels/ Mafia bosses be sending their children there and SPY AGENCIES using MLK-ULTRA start sending their kids to The University 🎓 of Malta on courses to become Billionaires and start Wars?? Q) what do the Ralph M. Parsons Professor of Law and Business at Stanford Law School, And the William W. and Gertrude H. Saunders Professor of Law at Stanford Law School have in common? ( Interesting that the parents of both Elizabeth Holmes and Sam Bankman Fried have collectively put into disrepute Stanford University) "PRACTICE WHAT YOU PREACH"> indicted for fraud>Elizabeth Holmes,Ramesh "Sunny" Balwani,Alan Joseph Bankman ,Barbara Fried,Christian Rasmus Holmes IV,Noel Anne, The parents of both Elizabeth Holmes and Sam Bankman Fried are 100% involved in the moneylaundering of the "LOST MONEY" Q) follow the trail of money of these parents, the timeliness…. This would be automatically done to any USA Citizens who are suspected of premeditated fraud even in much smaller amounts,let alone qualified STANFORD University Law Lecturers LAWYERS, CEO's and The USA political lobbyists

I climbed on top of our local back here and started jogging on the roof. The police came to arrest me. I simply told them I heard there was going to be a run on this bank, so I was just practicing.

The only insurance I trust is Bitcoin!

It SHOULD NOT fail, in the first place

Their will be many more bank failures in the future as soon AI gets a grip onto things- the insurance policy in my eyes will be Bitcoin. NOT Financial Advice.

Better to at least self-custody some of ur money in crypto. 😒 DO NOT TRUST ANYONE!

Because of transparency banks are failing in United States otherwise it won't

Orrrr we move the goalpost ad hoc and have an unlimited insured deposit limit!

Open multiple accounts

Love how we get capitalism and the rich get socialism

I am fully digesting the mighty AWS33X and my belly is going to be full now

“Elections have consequences” Overspending = inflation Inflation = high interest rates High interest rates = bank failures Simple stuff really. I seem to remember a certain group of people warning everyone about printing money and the damage it would cause.

to the people complaining about the FDIC and paying for the insurance: do you complain when your auto insurance pays out someone else's totaled car even if you've never crashed? what about your health insurance paying someone else's ER bill while you only ever use it for office visits? insurance isn't an equitable distribution of funds, it's a backup policy where everyone contributes a little so we can all have a lot of peace of mind. oh, and if you don't like the FDIC, invest your money yourself, and you won't have to worry about bailing out the banks.

What happens when the FDIC fails.

The AWS33X is showing the finger to governments, systems, big banks and all these who make us work way too hard for nothing. Yes this is not the best space to talk about it but if I reach even one human it was worth it, that's why I post

When you cover svb accounts over 1 billion this all becomes meaningless pretty fast. It's amazing how fast the system works to shore up incompetent banks. So fast in fact that no one is held accountable and remain in place to commit the same blunders again.

It dont. They lied and keep lying

Sure FDIC covers up to $250K. What happens when the rules suddenly change to cover deposits over $250K? FDIC has been taking in premiums to cover $250K. But plenty of entities have well more than $250K. Cover those above $250K, those entities are happy but drain FDIC. Stick to the rules and don’t cover over-$250K those entities go bust. Enough bank runs, with new >$250K coverage rule, and the FDIC will have to get an infusion from somewhere. Ultimately that infusion has to come from the taxpayer. Everyone who pays taxes will have to back-stop fractional reserve banking. We could potentially see a mass draining of every treasury everywhere in an unwinding of fractional reserve banking. That’s society-collapsing territory. Or keep the rule of not covering >$250K and watch medium/large companies run the bank and shut the banks down. And the super-majority of companies who were too slow shutter. But, hey, the little people are covered, but most economic activity has stopped. Same collapse.

So who pays for the insurance fund? That's right boys & girls, you do.

1

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Here how it works,it’s organised crime 🙂

What black moni. Un decleard

Imagine a scenario where an unscrupulous billionaire investor thought up a scheme to get the Fed to stop interest rate increases or start lowering them. Let's imagine he had an account at SVB. SVB COLLAPSE: published in the Washington Examiner on 3/13/23 by Tech reporter Chris Hutton.

Big days ahead for AWS33X what about the rest of this community? Any heart here to live for a better world? If so then what are you waiting for?

Lucky those who have AWS33X right in time, unlucky those who think it's meaningless. There's a reason why so many would write about it no matter where you lookin' at

Propaganda but for a good cause

What do you mean the FDIC “worked”? Like everything else, it worked until it doesn’t. FDIC deposit covers infinite amount of deposit. ALL 19 trillion. It succeeded in creating a moral hazard

Try explaining this false impression that all is well, to those million who have lost and will continue to lose their money as small banks, who do not have the same protection as the biggest banks, begin to fail. It’s already happening and you no so carefully ignored these facts. Why would anyone with sizeable deposits, in their small bank, keep it in that small bank knowing they’re not protected. These people will and have began to take their money and secure it in a ‘government backed bank’ leasing to another run and domino effect on small banks. Good luck to each and every depositor and I hope those leaders pf big banks, those who withdrew billions of dollars of their own money/dividends/shares just days before the collapse of their bank, get whats truly deserved … prison time.

Socialism

Dudes you into AWS33X or too lazy as usual?

No money, no problems!

The rumors went wild with AWS33X and it's finally happening, launch day arrived fellas