[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Joe Rogan: “It’s Amazing How Many People on the Diddy Party List Are Supporting Kamala” (VIDEO)

Tucker Carlson: This Is How You KNOW Jan. 6 Was A PsyOp!

RFK Jr Says Trump Plans To Remove Fluoride From American Drinking Water

Iranian Navy Ships How they are made | Iranian corvette Shahid Soleimani

Losing Power? The Elites And The Leftist Mob Would Rather Burn It All To The Ground

Japan Made a ar Better F-16

Joe Rogan and Elon Musk

Insomnia Stream: The Vote Edition

Escape From Psychopathocracy

Russia Unveils the First Bomber in History for Engaging Front and Rear Threats

The largest study ever conducted on Universal Basic Income (UBI) has delivered results that challenge its advocates.

European Officials Allege Russia Is Plotting To Bomb US-Bound Passenger & Cargo Planes

$81.7 Million in U.S. Taxpayer Funds Spent to Facilitate Direct Flights for Illegal Aliens into America

Establishment Media Says Trump's Mass Deportations Will Be An 'Economic Disaster'

1776 (1972)

YET ANOTHER HOAX JUST DROPPED!!

JUSTICE FOR PEANUT, Media lies about Trump again, SNL debacle, and the last day of normalcy

US embassy in Beirut blocks Iraq-Lebanon humanitarian air bridge

Channel 4 Dispatches to lift the lid on Royals and how much they really cost us

Second Passport Demand Jumps As Wealthy Americans Fear Socio-Economic Turmoil After Elections

‘I live off £30 a month’: Nearly 4 million people in UK experienced ‘destitution’ last year

55 Chinese sailors in submarine feared dead 'caught in trap' meant to snare UK and US

Why Israel's Attack on Iran Was a Bust

Israeli forces in Lebanon and Gaza suffer deadliest month of 2024

Over 100 BBC staff accuse network of pro-Israel bias in Gaza coverage

Pezeshkian Suggests Gaza and Lebanon Ceasefire Could Soften Irans Response to Israeli Attack

DDoS Attack Cripples Archive.org: The Next Information War Front?

48 Percent Of U.S. Small Businesses Couldn't Even Pay Their Rent Last Month

Toxic Cancer-Linked Plasticizers Found in Southern California Air

NOTAM Notice Denied By one Arabic Source


ObamaNation
See other ObamaNation Articles

Title: Yellen Says Government Will Help SVB Depositors But "No Bailout" As Fed, FDIC "Hope" Talk Of Special Vehicle Prevents More Bank Runs
Source: zerohedge
URL Source: https://www.zerohedge.com/markets/y ... ut-fed-fdic-hopes-talk-special
Published: Mar 12, 2023
Author: Tyler Durden
Post Date: 2023-03-12 12:53:50 by Esso
Keywords: None
Views: 96
Comments: 4

With just hours left until futures open for trading late on Sunday afternoon, the situation remains extremely fluid and for now it appears that regulators, central bankers and treasury officials (we won't mention the White House where the most competent financial advisor is Hunter Biden) still don't have a clear idea of how they will coordinate or respond.

Take Janet Yellen, who said on Sunday morning that the US government was working closely with banking regulators to help depositors at Silicon Valley Bank but dismissed the idea of a bailout.

Speaking with CBS on Sunday, the treasury secretary sought to assure US customers of the failed tech lender that policies were being discussed to stem the fallout from the sudden collapse this week. The Federal Deposit Insurance Corporate (FDIC) took control of the bank on Friday morning.

“Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said (oh but you will, you just don't know it yet).

“But we are concerned about depositors, and we’re focused on trying to meet their needs.”

It wasn't clear which depositors she meant: as we first pointed out on Friday, out of SIVB’s $173 billion of customer deposits at the end of 2022, $152 billion were uninsured (i.e., over the $250,000 FDIC insurance threshold) and only $4.8 billion were fully insured. As we also noted last week, a further look at SIVB funding (pie charts) shows unusually high reliance on corporate/VC funding; only the small red private bank slice looks like traditional retail deposits to us.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 1.

#1. To: Esso (#0)

Wait, this is Silicon Valley, right?

Should be easy to come up with $152 billion. Just sell 7-8 houses.

Pinguinite  posted on  2023-03-12   13:06:49 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: Pinguinite (#1)

All I know is, whatever Bidet and his degenerate freakshow do, it will be the wrong thing.

It should be an exciting day tomorrow. I'm glad I've got a good supply of aspirin and Tums on hand. Going to the liquor store yesterday was sheer genius. Normally, I don't let my stockpile get too low, but I guess the recent rash of friend's deaths rattled me.

Esso  posted on  2023-03-12 13:26:18 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 1.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]