Alison Greenberg, CEO of Ruth Well being, describes to CNN’s Erin Burnett what it was wish to urgently withdraw cash from Silicon Valley Financial institution earlier than it collapsed.
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Saturday, December 9, 2023
CEO describes pulling money from bank hours before collapse
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Poor CEO. Almost lost money.
The funny thing is, a while back SVB lobbied the US govt against putting measures in place for smaller banks like themselves, to prevent outcomes like this. And the Govt approved it. All so they could pour money into higher risk investments which with the measures in place, wouldn't have been allowed without more insurance cover and more scrutiny from the fed. They literally lobbied against the measures that could have saved them, just for pure greed.
This particular investor will always be in the radar of these individuals. Hence they always say keep smart people on your team.
Lost is a euphemism for fraud. Grabbing deposits for their own VP bonuses and crypto investments.
Wow lmao, first time I’m glad I don’t have a bank account right now 😬
Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.
Good let all the banks close there nothing but a bunch of fucking crooks. Anyways, we don’t need banks to get are money we get paid and we put are money in the bank so we’ll just keep our money somewhere else.
Again, they don't want to explain it properly.
1. They dumb it down, just in case sheeple change the channel.
2. The truth is scary and they don't want more sheeple to panic.
And we have a dementia president running our country
I have lost almost half of my portfolio all because of this bear market that has been on for over a year now, I wish for a temporary solution for this dip😥
Put Season!!
Her eyebrows remind me what a funny guy Charlie Chaplin was.
When you foolishly spend (invest) other peoples money and then when they demand it back and it cannot be made liquid …… its called a ponzi scheme.
Thats right folks the unites states banking system operates just like bernie maddoff. No you aint getting made whole …. ever!
Why don't you just tell us that Biden caused this and he's using OUR HARD EARNED MIDDLE INCOME TAXES TO BAIL OUT HIS BUDDIES!!! You and ALL your comrade communist fake news media people are aiding and abetting the leftist democrats take over of our country. Do you lying news suppressive people think you won't SUFFER also if these damned lunatic democrats have their illegal way. Open borders Child mutilation terrorists and Chinese narmtionalust and millions of illegals from all over the world just WALKING ACROSS OUR OPEN BORDERS etc. Weaponizing fbi against parents etc. And you CNN continue to protect Biden. My God don't you have children do you care about their FUTURES???
The reason was incompetence. Not making smart investments. Why doesn’t she just say it straight up? They had stupid people running the management. Plain and simple.
Maybe it’s time to let older white men to take control over the banks again lol. Women, gay and people of Color don’t really seem to know what they’re doing lol
That investor is the GOAT! It could have been a lot worse for her company and the people they serve had they failed to listen or didn't read that email.
https://www.youtube.com/watch?v=PHFkRir8Nkk&t=40s
Silicon Valley Bank collapsed Friday morning (10th/Mar/2023) after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. The bank was shut down by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corp. (FDIC) as a receiver. The most interesting part of this collapse is that Prophet to all nations -Prophet Elvis Mbonye foresaw and prophesied this 3months before the world financial, tech experts, foretellers, magicians….😄😁😄 name it it all would know or see.
Interesting how there is not a WORD about these collapses now…
https://youtu.be/Ndd4QPnL5dc
Silicon implant ceo
Way to go Brandon….
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Lol, rounds of lies to make it look like the tax payers aren't covering their loss
Take out your money. I am warning you.
Silicon Valley Bank (SVB) was the 16th largest bank in the US, and it wasn't subject to the most strict controls. How many banks actually are subject to those controls, besides the big four? Any bank could suffer a run and fail, and if that happens to a community level or even state level bank it probably won't upset the national economy or ecosystem of banks, but any multi-state bank should be more closely watched.
They gave out their bonus checks then shut the bank down.. They should be put in Prison..
The CEO should be arrested
Pintrest, no Pin-interest
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
Why are these people keeping uninsured deposits for their businesses in under insured accounts? Everyone knows the fdic has a limit. If this business owner was surprised by this requirement and had millions in a 250k limit insured account..I don’t think she can manage anyones’ money let alone a whole business.
Sociorats of America.