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Are We Heading Towards A 2008-Type Of Financial Collapse? Steve Forbes Responds To Bank Chaos

March 15, 2023
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Reacting to the collapse of Silicon Valley Financial institution and fears concerning the banking system on “Forbes Newsroom,” Steve Forbes appeared to historical past to gauge whether or not we face one other 2008-like monetary collapse.

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Tags: 2008TypeBankbreaking news todaybreaking news ukbreaking news usa todayChaosCollapseFinancialfinancial collapsefinancial newsfinancial news todayForbesHeadinglatest news todaypolitical newspolitical news todayrespondssilicon valley banksports newsSteveSteve Forbes
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Comments 34

  1. MazdaSpeed says:
    2 weeks ago

    No it’s obviously going to be worse. This is still being down played, even by the people warning us. Prepare yourselves people, this is going to years of damage still to come.

    Reply
  2. Tyga Clericuzio says:
    2 weeks ago

    Weimar America.

    Reply
  3. Él Malo says:
    2 weeks ago

    Surprised? It's deja vu looking back at the O'Biden Failministration.

    Reply
  4. Ron Vanzoest says:
    2 weeks ago

    But the law says $250,000 for each person it’s insured my opinion we have Nancy Pelosi’s probably got money into that bank. The owner of Facebook is probably got money into that bank. He’s just helping the very wealthy out Joe Biden that is crooked as hell. There’s a law that says it covers $250,000 for each person that’s in the bank that’s why more people spread their money out and put it in different banks so the middle class the poor people and everybody in the United States is going to pay for this because they got a print money to do the cover this because there’s one $200 billion in there we’re gonna pay for see we have a dirty president and a dirty government and their Biden side is my opinion he’s got friends that have a lot of money in there and that needs to be investigated immediately. And the feds have caused this. The Biden group has caused this. No doubt in my mind. We have a crooked president. The 10% big guy.

    Reply
  5. ISRAELITE ONLY CAMP KILLUH I.O.C.K says:
    2 weeks ago

    Translation= is US government thinking of ROBBING Americans again…..
    All these Politicians and Leaders Are All con artist.

    Reply
  6. Remnant says:
    2 weeks ago

    *We are & *1928

    Reply
  7. Maria 28 says:
    2 weeks ago

    No one is stupider than Joe Biden voters.

    Reply
  8. roland smith says:
    2 weeks ago

    We need Trump!
    Why did you ever wonder?

    Reply
  9. G Jam says:
    2 weeks ago

    You gotta love Lyin' Joe Biden!!! F……………………..J…………………………….B!!! Mr.. Potato will call this Putin's Price Hike!!! 🤣😂🤣

    Reply
  10. Nunya says:
    2 weeks ago

    Revolutionary War

    Reply
  11. Linda Lovatt says:
    2 weeks ago

    Trump and republicans took away regulations on these banks.blame yourselves republicans.biden is saving your asses

    Reply
  12. Jon Maddox says:
    2 weeks ago

    Svb, best of the year. FQ

    Reply
  13. TotallyNotTheBio-Lizard says:
    2 weeks ago

    So, what’s different about the claim THIS time?

    Reply
  14. olpkol says:
    2 weeks ago

    so you haven't learned anything since 2008?

    Reply
  15. John Donovan says:
    2 weeks ago

    I think what Mr. Forbes misses here, is that brandon and his accolytes are doing this mess ON PURPOSE!! They don’t give a flea’s fart to whatever consequences their actions will be! They eant to destroy the country to enrich their bosses, the chinese!

    Reply
  16. harold Benton says:
    2 weeks ago

    This banking collapse is being brought to you by Barney Frank the man that wrote the Frank Dodd bill to prevent crap like this from ever happening again. He was on the board of SBV.

    Reply
  17. Anonymous says:
    2 weeks ago

    Well right wingers you wanted them to loosen the rules on smaller regional banks. You passed legislation in 2018 that did. You even got some democrats to go along with you and this is the result. I know it kills you to admit Elizabeth Warren was right but it's obvious she was.

    Reply
  18. Kim Cissell says:
    2 weeks ago

    Worse. The petrodollar is being dumped. The US dollar will no longer be the base currency. BRICS rules. Look at BRICS enrollment. The US dollar will be worthless.

    Reply
  19. American Sailor says:
    2 weeks ago

    SVB has been renamed to ESG. ESG replaces basic competence. If your bank is ESG, get your money out ASAP

    Reply
  20. perryandy2 says:
    2 weeks ago

    Jesus Christ is coming! If you don't see that open your eyes! Warren Buffett does not know the future!

    Reply
  21. Linda Bergman says:
    2 weeks ago

    No it’s far worse! 1984 on steroids

    Reply
  22. Ron White says:
    2 weeks ago

    Republican party rolled back regulations for Corporate America in 2018. Remember they want less government so Corporate America can control more of America.

    Reply
  23. Teresa Decker says:
    2 weeks ago

    RHINO, TRAITOR HE NEEDS TO GO

    Reply
  24. YK 21 says:
    2 weeks ago

    This collapse will be at least ten times, and likely twenty times worse than 2008.

    Reply
  25. dezz nutz says:
    2 weeks ago

    Why do I feel like this next collapse will make 2008 look like a head cold compared to the cancer that is coming.

    Reply
  26. Sanction Canada says:
    2 weeks ago

    Go woahk, go broahk

    Reply
  27. Frank Mannino says:
    2 weeks ago

    There's a tax on air we breathe. Why we are going broke is the concern ! It's a recession! Admit it !

    Reply
  28. Lencho Hernandez says:
    2 weeks ago

    This is worsted than that because biden is doing this on purpose, I mean open your eyes every single thing he has done is a direct blow to AMERICA ,WE THE PEOPLE, NEED TO DEMAND HIS IMPEACHMENT, BEFORE THERE'S NO MORE AMERICA AS WE KNOW IT, GET READY TO FIGHT BECAUSE BIDEN LEFT THE DOOR OPEN AND CHINA IS ON HER WAY BIDEN IS THE BIGGEST TRAITOR TO AMERICA, AMERICAN'S HAVE EVER SEEN

    Reply
  29. Mr Moses says:
    2 weeks ago

    Problem, Reaction, Solution…..small banks fail so everyone runs to Tier One Banks which are controlled by The Cult. Same playbook as Amazon. Herding the sheeple 😴, now Go back to sleep

    Reply
  30. Mr Wonderful says:
    2 weeks ago

    I'm hoping for financial crisis. Its always nice to see the wealthy suffer and lose

    Reply
  31. Mike N says:
    2 weeks ago

    Interesting accounting, but there may not be an actual loss since Fed just changed the rules.

    If you bought treasuries @ par (100) when interest rates were lower but are now worth 60 due to higher interest rates on new treasuries. If you need cash now, you have to sell those bonds at a loss. Instead, the fed now provides loans @100% face value (not market value), so those bonds don't have to be sold at a loss, hang onto those bonds until maturity when you get the 100% back , then pay off that new fed loan. There will be interest charged on these new fed loans at current rates, that interest expense is not a big deal, just an operational expense and tax deduction for the banks. Key is, that banks don't have to sell existing treasuries at a loss, just pay interest on new loans, then pay off loans as treasuries reach maturity. This solution is really slick. Banks could have avoided problem by keeping higher percentage of their assets in cash. Never invest 100% of your money, keep enough cash for a couple years.

    Reply
  32. Queen Rrot says:
    2 weeks ago

    Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit our lord Jesus have lifted up my Life!!!🙏❤️❤️

    Reply
  33. RJ King says:
    2 weeks ago

    FRACTIONAL BANKING IS A CRIME OF HIGH INFLATION.

    Reply
  34. Brandy Loll says:
    2 weeks ago

    I heard capitol one is closing. Should we all pull our money out ?

    Reply

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