Biden is going to make an appeal in connection with the bankruptcy of one of the largest US banks

The US administration is forced to comment on the bankruptcy of one of the largest banks in the country. We are talking about the "Bank of Silicon Valley", which in recent years has been considered as one of the most promising financial institutions in the United States due to its focus on investing in the IT industry.

U.S. President Joe Biden's address on "measures to ensure financial stability in the United States" was announced today. In particular, it was noted that Biden ordered US Treasury Secretary Janet Yellen and his economic adviser Lael Brainard “to work with financial regulators to ensure the sustainable operation of enterprises and companies that cooperated with Silicon Valley Bank and Signature Bank. The latter was also among the bankrupt.

The situation is such that the total debt of these banks exceeds $200 billion. Dozens of companies from the field of informatization and high technologies work with Silicon Valley Bank. In the US, economic experts note that so far the situation is largely reminiscent of the prerequisites for the financial crisis of 2008, when the insurance system collapsed along with the banks, faced with the need to ensure payments on deposits in bankrupt banks.

If the Biden administration fails to ensure the stability of the banking system, then, as predicted, the financial crisis could be much more serious than the one that manifested itself some 15 years ago.

Comments

[voice of reason]

It is even clear what he will say. Obviously, Putin is to blame. And he will also say that these are necessary sacrifices for the sake of supporting democracy and war in the former Ukraine. And then, say hello to the void and fall from the podium.

[Silver99]

So there the whole of America is bankrupt, 30 trillion. public debt is a financial out, all their hope is for a local war in Europe where, as usual, they will be observers and the main beneficiaries.

[Cananecat]

Quote from Silver99

all their hope is for a local war in Europe where, as usual, they will be observers and the main beneficiaries.

He will blame Russia and China, declare an economic and some other kind of war, in other matters, as usual.

[private person]

So there the whole of America is bankrupt, 30 trillion. public debt is a financial out,

Yeah, bankrupt to our ears. This bankrupt dictates to the whole world how to live and no one can object to them, even the Chinese with their mighty economy depend on the Americans.

[multig]

Stop giving them ideas!

[tralflot1832]

Details of the bank's bankruptcy appear. The bank's executives received huge bonuses for excellent work, and the next day the bank "lay down." Excellent work, it doesn't remind you of anything.

[Geosun]

And here is the real picture of events without propaganda:
For starters, this bank has nothing to do with the big ones. This is a small bank whose bankruptcy no one would have remembered if not for one circumstance. The assets of this bank were US Treasuries. And since they bought government debt bonds a long time ago, the interest on them was 0,25. Accordingly, now that the interest rate has risen, the price of these bonds has fallen sharply, creating a loss for the bank. And when the bank turned to the state with a request to help, the state sent it. This set a precedent, other banks also tensed up. They say we help the state, lend it money, but it does not help us. That's the whole story.

[point]

rather, "that's the whole reason," and history will take shape before our eyes. Democrats frankly do not know where to move the economy so that these are not "stories about Putin", but really affect the system. Their internal contradictions gobbled up time for policy development and internal agreement. Biden recently read a piece of paper and it was clearly visible that digital still has influence, and this is a different economy and other priorities (in contrast to local manufacturers and even international bankers).
Illusions will have to be buried at someone's expense. Through industry, TNCs or debt. It seems to me that the state is now the weakest of all, because their employees understand their role and threats the worst.

[Andrey Nikolaev_4]

What?? The 16th largest US bank is a small bank??? Are you serious? So this is propaganda

[Argon]

Hello! Thanks for a fun morning! I laugh as I imagine how he greets the void and fails

[ivan_nkl]

Obviously, Putin is to blame

who thinks otherwise - very naive people unfamiliar with top-secret CIA data

[Andrei Nikolaevich]

I would not forget the name of the bank .. And my last name and position. Or in general, the reason for the speech.. We are already used to it. But anyway..

[ivan_nkl]

I would not forget the name of the bank .. And my last name and position ... the reason for the speech ..

the reason is not so important, the main thing is not to confuse the host country: he can take himself for Putin himself - you will have to take harsh measures

[Kerensky]

Hm! The bank did not insure the lion's share of assets (although this is a common practice), which means they were ready. We invested in Hi-Tech according to the "shot effect". If one project worked cool, then you can slam the shop. For if you start curtailing funding at the final stages of other projects, then this will alert investors, and the "big-headed" ones can dump them into another trough. The rest of the oohs and appeals are for the people.

[Andrey Nikolaev_4]

Yes, 93% is not insured. In general, it’s interesting, of course, how the matter will end — Musk is already ready to fit in there, sort of

[Kerensky]

In general, it’s interesting, of course, how the matter will end — Musk is already ready to fit in, sort of

Pulling out such a bank is unrealistic. An anti-crisis manager is appointed, who bankrupts it, selling off assets and returning back to depositors at 3 cents per dollar. And that's where Musk comes into play, because he can tell yummy from poop. The rest are waiting for the proceeds from the sale of office furniture and second-hand photocopiers ...

[Pankrat25]

Well, finally, it fell down, now there are those who want to keep their savings in dollars?

[Turtle]

Quote: Pankrat25

Is there anyone who wants to keep their savings in dollars?

To give kicks to our financiers, who talked about "a rate that is comfortable for exporters."

[ivan_nkl]

Is there anyone who wants to keep their savings in dollars?

the walls of the bathroom can be pasted over - an avant-garde solution, or you can light a cigarette from dollars, imagining yourself as the head of the mafia, etc...

[Ryaruav]

I really hope this is just the beginning

[ivan_nkl]

I hope this is just the beginning

there is a Soviet song: I so want it not to end ...

[rotmistr60]

the situation is in many ways reminiscent of the prerequisites for the financial crisis of 2008

And it is possible that this may end with another crisis that will drag the world financial system along with it. Of course, he will not talk about the US national debt, and he will certainly remember Russia and Putin personally several times in his address.

[Li17]

Everything is clear about America... but here is the information that we keep our money and some part of the gold reserves in the US federal system! I am not an expert, but in reality, how our show-sixes and servants of the people invested and took our money to the amers ... It is logical to assume that no matter how bankrupt they were!

[parabyd]

We haven't kept it for a long time. About 2,5 billion remained there. And before, the amount was about 200 billion. So everything was withdrawn from there. Moreover, they never kept a gold reserve there. All gold in Russia.

[Li17]

Quote from: parabyd

We haven't kept it for a long time. About 2,5 billion remained there. And before, the amount was about 200 billion. So everything was withdrawn from there. Moreover, they never kept a gold reserve there. All gold in Russia.

But this is a mystery shrouded in darkness... In addition to gold, there are other assets, including property. Do not forget how the Americans famously took away our diplomatic property, and what are we in response to? And why? And all in this style! Unfortunately, faith in our leadership was killed! I am not an economist, but I understand one thing, our money is finite, the economy is also stalling .. The NWO also showed our helplessness and dropped the outfits from our army!

[Turtle]

Americans! Keep money in a savings bank, preferably in rubles!

[Ezekiel 25-17]

For him, today, Wall Street will say everything.

[Kaufman]

In any case, what is happening in Ukraine plays into their hands. Works for their economy. If there were no NWO, then it would be more problematic for the states to get out now.

[ivan_nkl]

it would be more difficult to get out

I would have to somehow explain to the American people this phenomenon - the collapse of green paper

[tralflot1832]

By the time the can comes out, a financial storm is already breaking out. Japan started first, the indices sank, gold took off. Let's see how the "apostle" of democracy manages to stop this with words, he is not good at words, even on a piece of paper.

[Kaufman]

A year ago, they were also happy that in the states gasoline jumped in price, and that they say that everything was gone. And nothing. We got out. And here they will make a decision, get out, and also fuck the situation, as usual

[Ezekiel 25-17]

Quote: kaufman

In any case, what is happening in Ukraine plays into their hands. Works for their economy. If there were no NWO, then it would be more problematic for the states to get out now.

They are in a better position than Europe; in general, any fire in this world is a joy to them: "... There would be no happiness, but misfortune helped ..."

[Andrey Nikolaev_4]

Still, the financial monitoring and rating system works in the states in an interesting way: Lehman Brothers at the time of bankruptcy had a triple-eye (highest) rating, and a Silicon Valley bank received the "Best Bank of the Year" award a week before bankruptcy (March 2))))

[Lech from Android.]

Quote: Andrey Nikolaev_4

Still, the financial monitoring and rating system works in the states in an interesting way: Lehman Brothers at the time of bankruptcy had a triple-eye (highest) rating, and a Silicon Valley bank received the "Best Bank of the Year" award a week before bankruptcy (March 2))))

Here, recently, a forum member spoke about a scam on stock exchanges ... probably someone lost big on stocks ... it went from someone to someone.
In finance, the law of communicating vessels works well ... someone has made good money on $ 200 billion.

[Andrey Nikolaev_4]

Well, everything is simple: they heavily invested in bonds when the discount rate was 0-025%, and now it is 4.5%

[ivan_nkl]

interesting in the states there is a system of financial monitoring and rating

Leman Brothers ordered this monitoring - nothing personal, just business ...

[Lech from Android.]

Who pocketed the 200 billion dollars of a bankrupt bank in his pocket ... who plays the role of Chubais in the USA?

[Volunteer Marek]

It seems to me that by printing money, they will put out the main fire. And everyone else will count. Well, mostly those who made a bet on the dollar. So you don't have to worry about them. It will hit us harder. I mean, for ordinary people.

[tralflot1832]

While printing money is prohibited by law, Republicans in Congress do not give the go-ahead to raise the level of public debt.

[al3x]

I am tormented by vague doubts, but the world crisis that was 15 years ago is not a match for the one that is now, as it were, at the present time.

[smart fellow]

Another bubble burst with testers. A bunch of suckers were swindled into paid courses for Python testers and programmers, and now these juniors / Padawans have spent time, money and need to look for work again and learn new professions. Even without this, Google plans to cut 12000 employees since the beginning of the year. Startups burned in America. But in Russia, the stock market did not react in any way - the beneficial effect of sanctions. I don't know if that's good or bad.