Silicon Valley Bank & Signature Bank Bailouts #biden #shorts #shortsfeed #siliconvalleybank #banks
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Wes Austin is a patent lawyer and stand-up comedian. As a former electrical engineer, now patent lawyer, husband and father of three, Wes brings a unique and fun perspective to comedy.
On this channel you will see legal topics, law-related news, funny patents and some stand-up comedy.
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The banking industry has always been considered the backbone of any economy. It plays an integral role in the financial system by providing crucial services such as deposits, loans, and investments to individuals and businesses.
In recent years, the banking industry has been rocked by several financial crises, most recently in 2008. The aftermath of the crisis led to a series of bank bailouts, with major banks receiving government funds to help them recover and stay afloat.
One such example is the Silicon Valley Bank bailout. In 2009, the bank received $235 million in funding from the US government’s Troubled Asset Relief Program (TARP). TARP was a government initiative to provide aid to struggling banks and financial institutions during the 2008 financial crisis.
Silicon Valley Bank is a unique bank that specializes in providing banking services to innovative and technology-focused companies. It is headquartered in Santa Clara, California and operates in different regions across the world. The bank’s unique business model has made it a popular choice for startups and established businesses in the technology industry.
Another bank that received a bailout during the crisis was Signature Bank. The New York-based community bank received $120 million from TARP in 2008. Signature Bank offers retail and commercial banking services to customers in the New York metropolitan area.
The bank’s decision to receive government funding was met with some criticism, with some questioning the need for a community bank to receive such a large bailout. However, the bank defended its decision by stating that the funds would help it continue to support its customers and maintain its financial stability.
Both banks have since repaid the government funds, with Silicon Valley Bank doing so in 2010 and Signature Bank in 2009. The repayment of the funds was seen as a positive development for the banking industry and marked a step towards recovery from the financial crisis.
In the current landscape, President Biden has proposed a $1.9 trillion economic relief package, which includes funds for small businesses and community banks. The package seeks to provide aid to struggling businesses and individuals impacted by the ongoing COVID-19 pandemic.
While the banking industry may have weathered the storm of the 2008 crisis, the pandemic has presented new challenges. The proposed relief package signals a continued effort to support the industry and ensure its stability in the face of ongoing challenges.
In conclusion, the bailouts of Silicon Valley Bank and Signature Bank were critical to their survival during the financial crisis. The repayment of the funds and the proposed relief package from President Biden signal a continued commitment to supporting the banking industry through challenging times.
You nailed it!
No surprise
Joseph needs his mental health care.
How much was the big guys cut?
Who is this fool
Rumor has it, Gavin Newsome is one of the the people who had a lot more than 250 grand in the SVB. This is why now the federal govt (Biden) is bailing all of them out. Gavin is a nephew to Nancy Pelosi. I bet this is one of the unspoken reasons why Nancy is retiring at the end of her term. So Gavin can run for President.
you democrats are bout done forever
As long as your a bank they bank with or other elites that support the democratic agenda such what Newsome does.
Yep. Too rich to fail.
Bidens Build Billionaires Back Better plan
The banks every 15 year heist of the taxpayer.
I identify as a bank
Covering depositors means helping the bank? Stupid post
… or an illegal immigrant…then, the sky is the limit…
#Facts
universal or national ☠☠
This isn't actually accurate & you are too smart not to know it.
Shame on you for propagating false information.
President Joe Biden, dealt with a problem that is directly connected to, Donald J. Trump's actions.
So, it is Donald J. Trump who contributed to your make believe scenario & not Joe Biden.
As you are clearly insinuating.
Be honest.
Ah yes, then continue to unregulate the banks to repeat the cycle and blame the other party.
I'm still waiting for Trumps universal health care and infrastructure plans.
Or Ukraine
Wow. This government is outright evil.
And I'm grateful that this administration is paying pensions in Ukraine too!
Socialized medicine and welfare for the rich but not for the poor lol
or cross the southern boarder…
This is because Trump deregulated once again. All of you right wing dummies should get educated.
I understand the point of your obvious lie. It's to trick your audience into thinking Biden is doing the opposite of what he is actually doing.
You know your audience don't care if it's a lie. They will pretend it's the truth.
If you have to lie it shows there was no actual dirt you could find. You had to make it up. That has to be embarrassing.
The majority of our government must be removed.
Biden needs to access it, we used to hear a mind is a terrible thing to wast. Now it's, a mind is a terrible thing to lose.
You hit me hard with that one! I finally realized my identity! Perfect.
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Fuck those banks. Its were all these scum bags billionaire keep there money n they want bailouts. How about u give the American people some of the profit's u guys made off big pharma
Not all banks. Just the ones they pick.
The upper management of these bank pay back the bonuses back and be arrested for being so dumb
Oh what the hell is this come on man
You as a republican scumbag you know that you're full of crap all the time don't you your deflector you know what the fluker's to write to deflect bulshit stop being a piece of crap okay
HSBC purchased Silicon Valley Bank for £1
didn't even have to send it to Ukraine first
I thought biden and obama took care of Americans by making up obama care 10yrs ago ?? NO ??
Also universal health care as long as your NOT AN AMERICAN CITIZEN!
You think health care is expensive now? Just wait until it’s free.
Does it count if we identify as a bank
PROVIDING TAX PAID HEALTHCARE TO PPL IS SOCIALISM!!
except if you are a bank. Then it's perfectly normal.