In 2021, Silicon Valley Bank started purchasing long-dated higher risk assets in order to increase returns for customers. Over the next year that strategy backfired when the Fed drastically started increasing interest rates which lowered the value of the banks assets. In early March 2023, the bank announced they sold a large portion of its assets at a loss and would need funding. That news spooked depositors and led to a bank run. A few days later, regulators and the FDIC shut down the bank, pledged to make depositors whole, but would not bail out the management or investors in the bank. Silicon Valley Bank is considered to be the 2nd largest bank failure in US history.
@ISIDEWITH1yr1Y
@ISIDEWITH1yr1Y
@99R564Y1yr1Y
No, and nationalize the banks
I would have to research more information on this topic.
Customers should be fully reimbursed, but management and investors should be wiped out. This is an opportunity to transform banks with poor business practices into democratic credit unions run by workers and customers in order to maximize transparency and stability.
@99RPV451yr1Y
Not an issue I know about/care about
@99RNLZL1yr1Y
Not aware of this issue.
@99RN8J91yr1Y
I am uneducated on this issue
I don't have enough information on this subject to have a stand on it
@99RLNTZ1yr1Y
I know nothing about this topic so I can't have an opinion.
@99RLF4J1yr1Y
No, I think it is the bank's responsibility to take care of their customers, but the government should help those affected by the bank's failure if they need it.
@99RLBLT1yr1Y
I am uneducated on this issue.
@99RKMK9Republican1yr1Y
I am not educated enough in this.
@99RG8QC1yr1Y
I am not knowledgeable on this
@99RFY6D1yr1Y
I am unsure as I know nothing of the situation
@99RFR9NIndependent1yr1Y
Yes, but put more protections in place to prevent it from happening again
@99RFH5B1yr1Y
@99R93ZZ1yr1Y
Yes, it is a member of the Federal Reserve System and should be bailed out to save the money of the customers
@99RF34S1yr1Y
Punish the people responsible. Not the people who trusted the bank and ended up getting hurt by it.
@99RD22G1yr1Y
Not too informed on subject
@99RCRN61yr1Y
Maybe, if I knew more about the issue.
@99RCM641yr1Y
What even is this issue?
@99R9FCD1yr1Y
It doesn't matter to me as I have no connection to that bank.
@99R9DQBRepublican1yr1Y
I do not have enough knowledge on this subject
@99R5LZB1yr1Y
Need further information
@994HTZCIndependent1yr1Y
@99R23PL1yr1Y
I do not know enough about the topic to formulate a stance on the issue.
@99QYKD51yr1Y
Needs cost benefit analysis.
No, the bank should fail and only customers (depositors) should be fully reimbursed by regulators and the FDIC
@99T57VM1yr1Y
no because its the feds fault in the first place and then the money would be coming from tax payers.
@99SJRQ21yr1Y
they should be penalized
NO, the bailout if any should be for the depositors.
@99SF4451yr1Y
theres not enough info on this topic
@99SCWNYRepublican1yr1Y
Yes, because if they don't the stability of America's money will become unstable.
@99SBR6L1yr1Y
The bank should fail but the people that deposited should get their money back.
@99S8BLL1yr1Y
Smaller businesses needing the funds should be helped for the protection of thousands of jobs however the bank should be held responsible for their failures and new regulations should me drafted immediately.
@99S78L31yr1Y
Yes, customers should get their money back but the management and people who made the decimos causing the bank to fail, should be held accountable
@Kevin-Brown-JR1yr1Y
No and privatize the US banking system
@99S68YC1yr1Y
No, customers should receive no more that $250k of their deposits since most of the people through that bank were the rich and were huge corporations anyway. which could easily get there money back. That rule was made to protect the people who needed and relied on that money, not those who could get their money back so quickly.
@99S4XP21yr1Y
those who made more than that 250k mark should ge thier money back and for the debate to continue with investors and way to fix the systems.
@99S4F381yr1Y
A bailout should be provided specifically for accounts that are primarily used for company payroll, and there should be documentation required for anyone seeking reimbursement. Any accounts that were used for personal savings or corporate investment should receive the FDIC maximum of 250 thousand dollars, but no more.
@99RZ6BF1yr1Y
yes,and no because they did fail but make them keep like 1.2 (*insert good amount of money*) dollars so they don't lose it or else nope
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