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Looks like Janet Yellen changed her mind just hours after saying "no, bailouts"
There are videos of people waiting for hours for cereal and bread to deal with Joe Biden's hyper-inflation caused by Joe Biden's near-zero interest policy and money printing, but the government is looking into safeguarding every penny for Billionaires who invested massive amounts at Silicon Valley Bank.
To every small-business owner that is struggling no bailout for you from Biden's government, but Silicon Valley Billionaires will have every penny of their investments safeguarded.
Haha, what Janet Yellen did a complete 180 degree turn and now they are considering full bail-outs for Silicon Valley billionaires
The Treasury Department and Federal Reserve are considering safeguarding every single penny invested at Silicon Valley Bank.
Wonder what the California small business owners who got utility bills think about this very, very likely bailout of every penny of Silicon Valley billionaires fortunes invested at Silicon Valley Bank
I'll wait for Yellen to talk again.
The Dems in Congress from CA want the Fed to cover 100% of all deposits in that bank an to heck with the FDIC.
That is a CA only bank and services the high rollers of startups.
I'll wait for Yellen to talk again.
The Dems in Congress from CA want the Fed to cover 100% of all deposits in that bank an to heck with the FDIC.
That is a CA only bank and services the high rollers of startups.
Biden's America: Very likely bailout of every penny of Silicon Valley billionaires lost through their investments at "Silicon Valley Bank" and food lines that are miles long where people sit in their trucks in the cold with oxygen tanks for some bread.
The billionaires lost maybe .01% of their fortune at they get a bailout and then there people are waiting hours for a loaf of bread in the cold with oxygen.
Biden's America: Very likely bailout of every penny of Silicon Valley billionaires lost through their investments at "Silicon Valley Bank" and food lines that are miles long where people sit in their trucks in the cold with oxygen tanks for some bread.
The billionaires lost maybe .01% of their fortune at they get a bailout and then there people are waiting hours for a loaf of bread in the cold with oxygen.
If you are an American citizen that is not rich...you are on your own buddy...probably 95% of America.
Yet they want our money and need our money to fund their agendas.
USD goes to the rich, the illegals and corrupt Ukraine.
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,080 posts, read 7,523,914 times
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Quote:
Originally Posted by IC_A_PaleMoonArising
Socialism for the rich, middle finger to the poor.
Our son's company profitable and growing international SaaS, infrastructure company was taken private last year by a venture capital firm. I wouldn't be surprised that he may lose his job because of SVB's failure.
Many companies by loan conditions, kept their long-term money and short-term working capital at SVB. It is the working capital that is endangered. SVB specialized in venture capital money, startups using venture capital, and wineries. Working capital at a SaaS is payroll. Working capital at a vineyard is payroll to pay for pruning labor, at this time of year. For wineries, it's bottles and paying the vineyard for the grapes. IOW, trickle down.
YMMV
The odd part of SVB failure is they receive a lot venture capital money in 2016-2021 and they invested that money in "safe" securities for their reserves and excess capital that wouldn't likely default, but also had big valuation risk. As many of us retirees who have a stock-bond-cash portfolio, 2022 was a very bad year because equities came off their lofty valuations and yield demand drove bond prices down.
YMMV
Russian propo blog isn't the most credible of sources. But yeah, I definitely wouldn't count out a broader bank bailout for 2023.
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