Venture capital-backed companies were reportedly being advised to pull at least two months’ worth of "burn" cash out of Silicon Valley Bank to cover their expenses. Typically, VC-backed companies are not profitable and how quickly they use the cash they need to run their businesses – their so-called "burn rate" – is a typically important metric for investors.
Janet Yellen, US Treasury secretary, during a House Ways and Means Committee hearing in Washington, DC, US, on Friday, March 10, 2023. Earlier in the day, Yellen said that Treasury is "very carefully" monitoring a few banks amid fallout from the Silicon Valley Bank crisis.
Omg that means the system is in trouble!
Ofcourse with deposits 1/10th size of big four banking might be safe but not tech world funded by Vc more layoff or payment crisis is sure to come. But yet taxpayer should not take hit for their impudent by coming out with bail out package
If it weren’t’ , do we really think she would admit it publicly and cause a panic?
I do not believe this person! She said inflation was transitory! So much for her thoughts!
My ass
They need to tell us what we want to hear and the market to hear. But you can’t argue and stop factual numbers that are with these banks and the federal reserve as well how much debt as a country we are in almost at $32 trillion and counting
She doesn’t look like very confident with that statement in this photo. At all… 😂 😂 😂 😂 She looks like the exact opposite…
Sure. You can always believe these people 🙄
Bank failures are transitory
One of Biden’s incompetent appointees. Can’t believe a word she says
The face of incompetence
FDIC only insured up to $250K in any one category for single depositors. Move excess to another bank. Fed’s policies will cause markets to tank , any bank can fail rapidly today.
69tomlet So the millions or billions that are not protected will the taxpayer make them whole again I hope not
Please Mrs. Jellen careful on what you say. Remember: inflation is transitory..!!
The trillions of dollars the feds printed and flooded or capital markets with will now have to be paid back with ouch our monies . WATCH OUT BELOW Check your bank deposits and make sure your under the $250,000 limit if not move the difference breaking CDs if needed .
Tucker Carlson lied to his viewers about Donald Trump while privately texting he hates Trump. He lied to his viewers about the election fraud while privately texting he doubted there was fraud. Now he lies to his viewers about Jacob Chansley. I wonder what he’s privately texting
Don't believe a word that elf says.
And we also were not going to see any financial turmoil anymore, right? Or was it in our lifetimes...? Or are our lifetimes over...?
Market crashing as we speak
SVBCollapse affected more than SVB account holders. It has affected SVB Payment rails. No one who had payroll with Patriotsoftware got paid on Friday. That affected hundreds of thousands who now can't pay bills this week. RESILIENT?
Resilient is the new transitory.
They sure don’t mind being reckless with our money!
CNBC musk take actions here CNBCnow
Bidens America - On march 9th, Silicon Valley Bank went under completely. Making it the second biggest bank failure in the history of this country. Today the downhill slide continues. Since mid-February, the market has lost 2336.29 points.
She don't know what the hell she's talking about. She printed shyt tons of cash so illegals could get paid and take American jobs. They work here and send money to Mexico and other countries, devaluing the US dollar more.
If she is wrong, does she agree to go to prison for lying to the American people? I don't trust any government official or congress person who has recently gone to Ukraine
I doubt janetyellen is up for the coming US banking crisis...
Riiiiiight!
bellwether
Sure, another dishonest administration agent.
Yea and the Popes jewish...how can we trust that Lizard?
I heard the exact same line just before Bear Stearns and Lehman Bros. I totally believe them /s
She’s not wrong, she lying.
buzzword to follow.
I trust everything you say. 🤡🤡🤡🤡🤡🤡🤡🤡🤡
Good joke 🤣
She is whistling walking thru a grave yard. U. S. 32 Trillion $$ National Debt. Europe broke, no energy surplus , Joe pumping the Strategit Oil Reserve Dry. Debt Ceiling talks stalled. Banks folding. CCP dollar 18. to the U.S. dollar.
She also said inflation was transitory.
Seriously, one step closer to French Revolution methods.
Like inflation was transitory.
Never trust anyone w/ bad teeth
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