Working to address SVB collapse, but not looking at bailout, says Yellen

The collapse of the startup-focused bank has raised concerns about runs on regional banks, and the ability of small businesses that banked with SVB to pay their employees.

"Americans can have confidence in the safety and soundness of our bank system," Yellen said, adding that regulators wanted to ensure that the crisis did not spread to other banks. Asked if the U.S. government would consider the acquisition of SVB by a foreign bank, Yellen said: "So this is really a decision for the FDIC, as it decides on what the best course is to resolve this firm. And I'm sure they're considering a wide range of available options. That would include acquisitions.

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And yet they did exactly that A BAILOUT

...and risk tarnishing years and years of 'Too Big to Fail' legacy!? 🤭

You do not even understand what's happening there, Yellen!

Bravo J Y

NoBailout

To be honest who can digest the deposits and calm the depositors and has a large enough balance sheet with more AFS to counter the request of depositors should buy this business as it is quite interesting and profitable.

So its bailout

Here's an Idea....no business is too big to fail. The CEO of SVB was the CFO of Leman Bros in 2008...hmmm....any connections?

'...but not looking at bailout...' Until she does. 'Inflation is transitory.' -yellen

That's right... if that bank gets more then a $600(US) check... every tax payer in the US should be pissed and demand their tax money back.

The lying political dwarf speaks

SecYellen federalreserve No Fed bailouts for SVB. Silicon Valley needs to learn that money isn't always free NoBailout

Don’t believe her.

Megabullish

How many of the 'Basel' regulations were ignored or deregulated? what did you learn from financial crisis of 2008-09? Absolutely PATHETIC display of oversight and governance

Meanwhile in Britain..,

If the rich want deposit insurance above the $250k FDIC limit, they can purchase it themselves. I’m sick of bailing out the donor class. No more socialism for the rich, rugged individualism for the rest.

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US Treasury's Yellen expressed confidence in regulators after meeting on SVBU.S. Treasury Secretary Janet Yellen met with banking regulators on Friday to discuss the collapse of SVB Financial Group and expressed 'full confidence' in their abilities to respond to the situation and that the U.S. banking system remains resilient, the Treasury Department said. Ooo we're Aces Now Ms. Yellen’s shaky voice and trembling mannerisms do not foster confidence. 🤣🤣🤣
Source: Reuters - 🏆 2. / 97 Read more »

Yellen: working to address SVB collapse, but not looking at bailoutU.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank and protect depositors, but said a major bailout was not being considered. Yellen is a full time Treasury sec for Democrats and part time sec for Ukraine. She doesn't have time to fix problems for regular Americans. Capitalism does not bail out failures! Govt failed last time so tax payers bailed out the world and no one was held accountable.Govt then “fixed”the problem.Except, uh, well, it didn’t. Gee I guess we failed again. Guess tax payers have to bail everyone out. Again.And it only hurts…taxpayers. Is there a theme here?
Source: Reuters - 🏆 2. / 97 Read more »

Yellen says US banking system 'remains resilient' in wake of SVB collapseSilicon Valley Bank collapsed late Friday morning after a run on the bank, roiling global financial markets amid fears of a possible liquidity crisis. Never trust anyone w/ bad teeth Seriously, one step closer to French Revolution methods.
Source: FoxBusiness - 🏆 458. / 53 Read more »

After SVB, Yellen must act to prevent run on banking system, Democrat saysRepresentative Josh Gottheimer asked the treasury secretary to 'take immediate steps using all necessary regulatory tools.' No bailouts! Let them fail. Leftists are absolute sapingos Starting tomorrow, everywhere. Stay tuned. CA did it to themselves
Source: Newsweek - 🏆 468. / 52 Read more »

Treasury, FDIC to brief California lawmakers on SVB collapseU.S. Treasury and Federal Deposit Insurance Corp. (FDIC) officials plan to brief members of California's congressional delegation on the collapse of Silicon Valley Bank, Axios has learned. No bailouts for billionaires.
Source: axios - 🏆 302. / 63 Read more »