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@ISIDEWITHQuestionsEconomy3yrs ago

Should the government provide a bailout for Silicon Valley Bank?

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.

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73 Replies

 @ISIDEWITHDiscuss this answer...3yrs3Y

No

 @ISIDEWITHDiscuss this answer...3yrs3Y

Yes

 @ISIDEWITHDiscuss this answer...3yrs3Y

No, the bank should fail and customers should receive no more than $250k of their deposits

 @ISIDEWITHDiscuss this answer...3yrs3Y

Yes, customers should be fully reimbursed but management and investors should be wiped out

 @99R564Y from Washington  answered…3yrs3Y

No, and nationalize the banks

 @99RZ6BF from Massachusetts  answered…3yrs3Y

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

 @99RLBLT from West Virginia  answered…3yrs3Y

I am uneducated on this issue.

 @99RDMZQ from Wisconsin  answered…3yrs3Y

i have no idea??

 @99PXP2R from Minnesota  answered…3yrs3Y

Not too informed on the subject

 @7PTCG38Democrat from Wisconsin  answered…3yrs3Y

No, the bank should fail and only customers (depositors) should be fully reimbursed by regulators and the FDIC

 @99T57VM from North Carolina  answered…3yrs3Y

no because its the feds fault in the first place and then the money would be coming from tax payers.

 @99SJRQ2 from California  answered…3yrs3Y

they should be penalized

 @ORYGUNGUYLibertarianfrom Oregon  answered…3yrs3Y

NO, the bailout if any should be for the depositors.

 @99SF445 from Oregon  answered…3yrs3Y

theres not enough info on this topic

 @99SCWNYRepublican from California  answered…3yrs3Y

Yes, because if they don't the stability of America's money will become unstable.

 @99SBR6L from Wisconsin  answered…3yrs3Y

The bank should fail but the people that deposited should get their money back.

 @99S8BLL from California  answered…3yrs3Y

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.

 @99S78L3 from Michigan  answered…3yrs3Y

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-JR from Massachusetts  answered…3yrs3Y

No and privatize the US banking system

 @99S68YC from South Dakota  answered…3yrs3Y

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.

 @99S4XP2 from North Carolina  answered…3yrs3Y

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.

 @99S4F38 from Alabama  answered…3yrs3Y

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.

 @99RZKFM from North Carolina  answered…3yrs3Y

Not enough information of the topic

 @99RYSXX from Illinois  answered…3yrs3Y

Yes, but the taxpayers should not pay for it.

 @99RQPWZWomen’s Equality from Arkansas  answered…3yrs3Y

I would have to research more information on this topic.

 @GuitarLord25Socialist from Vermont  answered…3yrs3Y

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.

 @99RPV45 from Oregon  answered…3yrs3Y

Not an issue I know about/care about

 @99RN6KF from Washington  answered…3yrs3Y

Unable to respond.

 @99RLNTZ from California  answered…3yrs3Y

I know nothing about this topic so I can't have an opinion.

 @99RLF4J from Utah  answered…3yrs3Y

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.

 @99RLC8P from California  answered…3yrs3Y

unaware of issue

 @99RKMK9Republican from Georgia  answered…3yrs3Y

I am not educated enough in this.

 @99RKGJJLibertarian from South Carolina  answered…3yrs3Y

No idea what this is referencing

 @99RJ6BN from Michigan  answered…3yrs3Y

I do not know enough on this topic

 @99RJ26K from California  answered…3yrs3Y

Not educated on the issue enough. But I think I will lean on yes being a tech person.

 @99RH362 from Michigan  answered…3yrs3Y

i dont kmow what that means

 @99RGXHL from Utah  answered…3yrs3Y

i have no idea what this would mean

 @99RGQSV from California  answered…3yrs3Y

I am not informed enough about this topic.

 @99RGPG9 from Illinois  answered…3yrs3Y

I don’t have enough information to answer this

 @99RG8QC from Ohio  answered…3yrs3Y

I am not knowledgeable on this

 @99RFY6D from Minnesota  answered…3yrs3Y

I am unsure as I know nothing of the situation

 @99RFR9NIndependent from North Carolina  answered…3yrs3Y

Yes, but put more protections in place to prevent it from happening again

 @99RFH5B from New York  answered…3yrs3Y

unsure of this issue

 @99R93ZZ from Massachusetts  answered…3yrs3Y

Yes, it is a member of the Federal Reserve System and should be bailed out to save the money of the customers

 @99RF34S from Alabama  answered…3yrs3Y

Punish the people responsible. Not the people who trusted the bank and ended up getting hurt by it.

 @99RD22G from Illinois  answered…3yrs3Y

Not too informed on subject

 @99RCRN6 from Colorado  answered…3yrs3Y

Maybe, if I knew more about the issue.

 @99RCM64 from Utah  answered…3yrs3Y

What even is this issue?

 @99R9FCD from Illinois  answered…3yrs3Y

It doesn't matter to me as I have no connection to that bank.

 @99R9DQBRepublican from Alaska  answered…3yrs3Y

I do not have enough knowledge on this subject

 @99R8NB5 from Ohio  answered…3yrs3Y

Not whole amount

 @99R5LZB from California  answered…3yrs3Y

Need further information

 @994HTZCIndependent from Illinois  answered…3yrs3Y

No we can’t afford to.

 @99R23PL from New Mexico  answered…3yrs3Y

I do not know enough about the topic to formulate a stance on the issue.

 @99QYKD5 from California  answered…3yrs3Y

Needs cost benefit analysis.

 @99QWFMRRepublican from Nevada  answered…3yrs3Y

For depositors only

 @CWH2008Socialist from Maryland  answered…3yrs3Y

Nationalize the Bank.

 @99QVBHT from California  answered…3yrs3Y

Help victims, punish the responsible people

 @99QV5WPGreen from Washington  answered…3yrs3Y

i don’t know what this is

 @99QSXRS from Montana  answered…3yrs3Y

I do not know enough about this topic to answer

 @99RPQ6Z from Oregon  answered…3yrs3Y

I think the Customers should be reimbursed

 @99RPLPX from Washington  answered…3yrs3Y

Neither, we should nationalize the banks

 @99RPD5Q from Michigan  answered…3yrs3Y

they did today

 @99RNLZL from Illinois  answered…3yrs3Y

Not aware of this issue.

 @99RN8J9 from Illinois  answered…3yrs3Y

I am uneducated on this issue

 @99RM7XTWorkers from South Dakota  answered…3yrs3Y

I don't have enough information on this subject to have a stand on it

 @99RFZSR from California  answered…3yrs3Y

i don’t know

 @99R4G2FLibertarian from North Dakota  answered…3yrs3Y

Not educated on this

 @99RYH6X from Virginia  answered…3yrs3Y

Only to the extent that it covers FDIC insured deposits for customers and ensures small businesses can cover their payrolls. Additionally, small banks should be more highly regulated/monitored in the future as big banks are to prevent this from occurring again.

 @99RV9V2 from California  answered…3yrs3Y

I do not have any knowledge on the topic so I cannot have an opinion.

 @99RV8XW from Indiana  answered…3yrs3Y

No the bank should fail and the customers should receive all their money back

 @99RTMGC from Washington  answered…3yrs3Y

No, and the government should nationalize the banks

 @99SDPLW from North Carolina  answered…3yrs3Y

I believe in God's Kingdom

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 @ISIDEWITH submitted…2yrs2Y

Elizabeth Warren Walks Back Murder Comments

Congressional Democrats broadly denounced the murder of UnitedHealthcare CEO Brian Thompson Friday morning, after Republicans started accusing Sen. Elizabeth Warren of excusing violence.“No one's condoning this,” said Rep. Brad Schneider (D-Ill.). “Violence never is the right answer for anything. And it was a horrible murder, a tragic loss for his family.” Warren this week condemned the shooting, but added that people “can be pushed only so far.”"We'll say it over and over," Warren said on MSNBC’S “The ReidOut.” " Violence is never the answer. This guy [Luigi Mangione] gets a trial who's allegedly killed the CEO of UnitedHealth, but you can only push people so far, and then they start to take matters into their own hands."In a statement to POLITICO, Warren said, “Violence is never the answer. Period. I should have been much clearer that there is never a justification for murder.” Top Republicans denounced Warren's comments and the walked-back rhetoric, with House Majority Leader Steve Scalise (R-La.) calling it “inappropriate and dangerous.”Some House Democrats asked about the incident on Thursday pivoted the conversation to discuss policy options on health care or gun safety.“I don't really know that this is really a space that Congress normally weighs in on,” said Rep. Jasmine Crockett (D-Texas). “But at the end of the day, I think it’s an opportunity, because now people are talking about health care and to talk about the fact that this industry has honestly not been as helpful as it could be.”“Violence is never the answer,” said Rep. Troy Carter (D-La.). “We know that there are people suffering, there’s great challenges in healthcare. There's great challenges, and people have, in fact, been wronged, but a process of governance is the way to address that, not violence.”And Rep. Ted Lieu (D-Calif.) who denounced the murder, said the killer should be prosecuted and that “I do know that allegedly a ghost gun was used, and we should also ban ghost guns. There's no reason for them beyond the streets.”

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