Sec Yellen: No Federal Bailouts for SVB
Sec Yellen: No Federal Bailouts for SVB
But, the U.S. Treasury, FDIC, and Federal Reserve Released a Statement stating all depositors will be made while. Unprecedented action.
No federal bailout for SVB, as per Secretary Yellen. Situation might change if contagion spreads to other banks.
It also appears they are considering a contingency to insure deposits >250k. Monday morning will be interesting to say the least.
Chairman Powell was on Capitol Hill this past week and appears will be present again this week. The CPI will also be released on Tuesday morning. $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $SVB Financial(SIVB.US$ $Signature Bank(SBNY.US$ $Silvergate Capital(SI.US$
It also appears they are considering a contingency to insure deposits >250k. Monday morning will be interesting to say the least.
Chairman Powell was on Capitol Hill this past week and appears will be present again this week. The CPI will also be released on Tuesday morning. $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $SVB Financial(SIVB.US$ $Signature Bank(SBNY.US$ $Silvergate Capital(SI.US$
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Expendabiggles : Bruh: dont be stupid.
Yellen - no bail out!
Apes - then why you giving them money??
Yellen - that doesn’t count as a bail out.
Apes - don’t be absurd, money is money!
Yellen - this money is not a bail out. People lost their accounts!
Apes - YOU THINK???
Expendabiggles : Our leaders think not only can we not see what they are doing right in from of our eyes but that we are BIG TIME MF STUPID. Like if they give money and dont call it a bail out then its not. Can’t make this sh*t up. OMFG these people
Mr Trecherous Expendabiggles:
Mr Trecherous Expendabiggles:
N8TIV3 Expendabiggles: Very well said