Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Why Silicon Valley Bank Collapsed & What's Next
Posted
March 14, 2023
Views
341,938
Likes
8,152
Comments
2,039
Engagement
2.98%
March 14, 2023
341,938
8,152
2,039
2.98%
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19:49Now PlayingThe federal government stepped in to make all depositors at Silicon Valley Bank whole after the bank's stunning collapse over the weekend. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
Read more HERE
"U.S. regulators took control of a second bank Sunday and announced emergency measures to ease fears depositors might pull their money from smaller lenders after the swift collapse late last week of Silicon Valley Bank.
The measures, which include guaranteeing all deposits of SVB, were designed to shore up wavering confidence in the banking system. They were jointly announced Sunday night by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp."*
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