14 years after she said that the large banks still exists. The lessons the big banks learned was if they were too big to fail, then get even bigger

More dangerous to have small banks, they easily fall.

@@Sparta1993 i disagree. small banks would not take these stupid risks large banks fail. they would only take risks that made good sense.

Yes that's because people are impervious to change so history repeats itself

@@no_country_for_real_men it been way overdue and people are getting complacent that no recession will ever happen. I can tell from all the meme coins and stock investor when they keep MOON MOON and to the MOON.

The SVB situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.

@@jonathanburtnick I agree, having a brokerage advisor for inveesting is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.

@@naomigonzales9663 It's impressive, but given how poorly my portfolio is now performing, I truly need their assistance. Please tell me how I may get in touch with her.

@@dianarabbanii2 Keep an eye on Elisa; she received a lot of attention in 2020. Now, I don't know whether I have authorization to say anything, but... As my mentor, she oversees the management of my portfoliio.

@@naomigonzales9663 I looked up Elisa Angele Esparza profile online since I was curious. I saw her website, her credentials, and how tight she came across. At first, I thought this was overblown nonsense.

Exactly 💯

I heard many stories of several country banks in South Alabama closing up during the 1930s and keeping the depositors money. Many farmers lost every cent they had in the banks.

look up the "suicide bridge" found in california. It is told that during the great depression many people jumped to their death because they lost everything. SIIICK! i mean, theres faster ways but jumping to your death is not only brutal but crazy... btw im scared of heights jaja.

There had been depressions and booms, up and down, for decades. The the Great Depression hit. When the situation was stabilized President FDR put regulatory rules in place to continue on. Then Bush the Younger took them off, and we got 2008 Great Recession. (Really a "normal" depression.) Legislators put controls back on. Trump took them off. Tell me again, which political party is the party of financial responsibility?

Much neater now. They can steal the value of money while you hold it.

@@shawcohbam Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

@@andreasleonard0 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio, I am so done with banks!

@@ellamezo Isabel Linda Dueri” is my advisor, you can easily look her up, she has years of financial market experience.

@@andreasleonard0 Finally people are getting to recognize the brilliance of this lady

@@andreasleonard0 Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

@Bobby Blue all that is fine, except, your financial advisor is clueless about what will happen next. That’s why none of them ever predict recession and majority is constantly beaten by index fund 😊

where all crypto haters now lol

This was posted 2 hours ago 😂

Here after Signature Bank

Literally not even you! You, me and everyone else are here cause it was just posted and popped up!

This was just popping out in my feed

Given that this was posted because of the recent bank failures...everyone.

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this. .

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@@hermanramos7092 Impressive can you share more info?

@@martingiavarini My advisor is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

Some people did learn from their mistakes. What they learned was that you can make lots of big mistakes and get away with it and be even richer afterwards. Then you can go and do it again.

I think you’re confusing ‘not learning’ with ‘not caring’. This is how Inflationary capitalism works and that big club that you and I aren’t part of ,aka the 1 percent, are pulling the strings. And you and I are the ones who bail em out during recessions after peak inflation is too high for average peasants (like you and I) to be able to afford general commodities with ease. So we pay for it, get drained, go into debt while that club shorts the market to acquire even more wealth than the last bull cycle. But you can buy Defi crypto assets today to set yourself up for the future if your smart. Class dismissed.

Actually is does prove we have learned from our mistakes. That’s why the FDIC was created. So a run on the bank would not happen again. The people who have their money in the bank just don’t understand how FDIC works. Once they did, they were happy to leave their money there.

The REPUBLICANS haven't learned from their mistakes.

There's a reason a certain group of people have been kicked out of 109 different countries over 1030 times.

It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro

@Finest Bear Hug we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

@Finest Bear Hug I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.

Maria Juliana Ramirez appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

All inversion in yield curve lead to recession, this does not change for almost 100 years. And when recession happen, the gradient will steepen and almost drop like a cliff. So just wait for that and re invest. A interesting note, a crash happen during a surge in unemployment.

I was like a deer in head lights in 2008 and I was part of an FBI Investigation due to auction rate securities. First Tile company in USA.

People in the industry have been saying this........ I use to work for. Credit Union. People are surprised when smaller bank/credit unions don't have the same protection as big banks......

It’s propaganda so the low IQ don’t lose their minds

​@JG Trump has been out of office for 3 years, how was this his fault.

Yeah clean up the money they stole

My $10 million….noooo!

Easy to do for most inidividuals, but much harder to do for a business. With an operating budget of $300k/mo, you need to have a couple million at one location. So this is more of a question of what should business do with their money? It's scary when you hear everyone say no that you should move to one of the Top 4 banks. Ok fine but that would just make them bigger and perpetuate the problem with 'too big to fail '🤷‍♂

Someone doesn’t listen to the details…it’s per account not per bank.

What happens if you owe the banks? I owe about $357k

@@matthewwoodward8581 good point. However, if I need to make payroll and the bank goes insolvent, then having capital at another bank is the best safeguard

The FDIC only has approximately 800 billion dollars to cover bank deposits and savings. Americans $$ in banks for FDIC to cover approximately 5 Trillion dollars. Banks will fail and money gone! Watch

​@Blue Prada lol

I know right they are awesome.

@@missym5196 only smaller banks will disappear. This will happen rather rapidly. Small businesses banking with small banks will hurt. Then again how to catch laundering small businesses without controlling their cash flow. MUHAHAHA! Illicit drug laundering small banks and businesses be warned.

Bootlicker

I just looked up his name on Google and saw his impressive resume. I consider myself lucky to have found this comment area..

Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

With Sir Rodger Michael Karl, I've profited greatly from my investment. The quantity of money you invest, though, ultimately determines everything. With a substantial start-up budget, you could be able to earn more money.

Well share the tips then lol we all want that math

My you are seeking the wrong prize.

Either way, he would probably have come out of the bank with some of his money but not a lot. Banks don't have millions of dollars on hand for people. That is a bad strategy to have in banks. Money is symbolic and banks don't literally have cash like people think. Most of its money is invested.

@@maxsands3861 Sometimes banks won't allow people to withdraw large amounts of cash for your protection. Why would you need to withdraw so much money? Most transactions are done electronically which is safer than carrying cash around. The other way around is also true. Why would people make large cash deposits? That is very suspicious when you make several large cash deposits, especially when you are not a business owner.

😅😅😅

Don't matter since wages haven't inflated

Yes, but as their handling of SVB so far shows, that limit is there as a backstop for complete runaway conditions. Looks like they are covering all deposits there, even though most are over $250K (since it's a bank popular with tech startups). I'm saying that, as long as they can, I think they will make everyone whole. If it gets too far out of hand, then they may fall back on the $250K limit per depositor per bank. I do agree the limit should be indexed to inflation somehow. I remember very well when it was $100K.

It probably should be raised, at least on some sort of schedule. It's also good practice to not keep all of your money in one bank, hence why it's per depositor, not per account.

It's ok since we're poorer now. So we're less likely to use all 250,000$

Raising the insured limit doesn't happen in a vacuum. The FDIC charges all of the insured banks a premium just like you pay a premium for car insurance. If the insured limit goes up, so does the premium. The banks pass the cost of the premium to customers in the form of banking fees. Raising the insured limit will benefit only those who have balances over the current limit. The cost of that benefit would be paid by every customer of any insured bank in the country. It also needs to be said that the difference between the taxpayers paying the insurance cost and the banks is a minor technicality. FDIC covers all state and federally chartered banks. This includes pass through coverage on prepaid debit cards and the Fintech accounts that are not banks. The only real way to avoid paying into the FDIC system is by exclusively doing your finances at a credit union. They operate under a separate system. But, if you have a credit card, mortgage, car loan, student loan or any kind of financial product outside of a credit union, you are involved in the FDIC system one way or another.

Problem is all the baskets are Jewish.

@@shiiidozer-wl6tp And all this time i thought it was politicians.

@@larrbaII I recommend everyone watch Europa The Last Battle and fact check as you go.

Meanwhile I'm online wiring my money out 😂😂😂

Banks don't really have cash on hand ready to "give" to people when they ask for it. That is not the way banks work.

Who's going to pay for the insurance?

It doesn't make sense for there to be a limit at all. Deposits in other countries are simply backed by the national government in full.

@@lloydfeng5716 that only works if you nationalize the banks.

Yes, you are absolutely right. That $250k is antiquated and should now be at least $500k.

Bro who in the world has that money sitting in a bank

Yep

Not to mention they just re-released this literally a few weeks ago

Worst then 1929

Oh that's right, I had forgotten , , , 60 Minutes used to do good journalism. .

They pulled this out of the archive on purpose

EXACTLY why if you are a homeowner, you NEED to withdraw all your money. That way you can still make your mortgage payments and utilities.

Why does the homeowner need a bail-out? In the long run, housing will always go up in value. Take the last housing bubble. It drops by almost 30% and 3 years after it up by 10%. The ones that want a short sale or need a bail-out are mostly the investor. They hope to do a house flip for a fast profit. Also, the ones that can't afford it want the most expensive home.

Because helping working class Americans is socialism

Except the banks, of course.

​@@brother.teresa Bingo!

please how can i find the lady you mentioned'?

Corinne really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

At 10:42 K0cK$ucker say its OK that banks fail because while their making bad investments or cooking the books they give themselves big bonuses and salaries. When it comes to crunch time they sell their shares or they get bailed out. They couple of months later they pay themselves bonuses for getting out of the mess they created. They pay them selves bonuses with money borrowed from future generations.

"Blame?" the FED Planed this! part of New World Order!

Troll.

They are still credible, no? They are just old and slow like Joe Biden.

60 minutes was never credible.

​@@RusskiCommieBot let me guess Russian bot, one America news is credible right? 🤦

Isn't it why FDIC is operated so that the little guy will get his saved money???

That's anti-semitic!!

😆🤣😂 Always…

FDIC gets the money from the banks, who get it from you - it is a tax, just not by the gov't.

Boy do they have you fooled...... Where do you think the money comes from? Thin air or something? Perhaps the tooth fairy? Sheesh.........

@@WHSmith-zk2ox could you have been any more patronizing? Sheesh...

@@makayladonald-saleem8605 Could you be any more biased, even when the facts of the matters steps up and slaps the taste out your mouth? Holy Sheesh.........

@@WHSmith-zk2ox biased? how did you get that from what I said?

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust

The idea of financial adviser aid may seem controversial to some, but according to a recent Investopedia survey, demand for financial advisors has increased by over 41.8% since the pandemic, and based on personal experience, I can say with certainty that their skill sets are top-notch. From a sluggish $385K that lacked growth stocks, I raised almost $500k in 18 months.

@@Alejandracamacho357 please leave the info of the F/A guiding you

@@corneliajennins5714 Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named Corinne Cecilia Heaney, I can say with certainty that their skills are excellent. She helped raise almost $500,000 in 18 months from an initially stagnant portfolio of $380,000.

@@Alejandracamacho357 Corinne really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

How is it tax money? It works the same way your car insurance works, you crash your car your insurance pays you the value of the car. Your insurance got the money from everyone paying them a premium on their insurance. Banks pay the FDIC to insure them. There are banks that are not FDIC insured.

Thank you FDIC for helping us when the pathologically greedy continue to fail us.

The FDIC is an insurance company. Compare it to an auto insurance company. If every so often one or two drivers total their cars its no problem. But if lots of drivers all total their cars at once then it becomes a really big problem.

​@@joevignolor4u949 nope, the Fed is also backing up FDIC if it really ask for a bail out. Normally, you shouldn't put money in a smaller banks to begin with. Why? It gives you higher interest yield, but more risk. Its why big banks only give you a very tiny biny bit of interest's yield annually. Its good that we have FDIC in the US for a certain amount of guarantee. At Asia, if the banks run, no one ll really know anything until your life saving is gone lol.

You will soon see this money liked and burning in the streets. The rich will light their cigars with $1,000 and $10,000 bills because it has no value no more. The Rothschild's controls the Federal Reserve. The same people Jesus of 2,000 years ago drive out of the Temple. The dirty, wicked money changers that you got your faith in in Jesus name whom Jesus was enemies with. Smh.

Hey Yolanda, good morning

Except that once all the big banks buy up all the small ones you end up with monopolies. Then a small number of big banks can do anything they want, like charging overdraft fees of $100 per overdraft and charging 35% interest on credit cards.

But, and I don't disagree, that just makes larger and larger single banking institutions that become too big to fail like they were talking about at the end of this piece. It's a no-win in the end.

That's right, getting in touch with a consultant during the pandemic was how I was able to scale through the crazy stock downtrend.

Like I said earlier , her name is KATRINA VANRENSUM and you can reach her via her website.

Just run a search on her name, and you would see all you need.

Not another crypto scam promo message here. 😮

scam $540,000? how will you get your money from a trading portfolio if the economy fails everyone? 🤔🤔

Your statement highlights the potential negative consequences of monopolies and large banks that become too big to fail. The burden of bailing out such institutions often falls on taxpayers, even when those institutions do business internationally. This raises questions about the fairness and equity of such bailouts.

That's because the people that have been kicked out of 109 different countries over 1030 times for this same crap refuse to change their ways.

That's the problem. 😂 They already did and are focused on taking each other out at this point

Pay more attention. It's in the title!! It's like reading a book and you don't know the title....

@Morbid Man Music Nope. You're not supposed to judge a book by its cover

it's even more insane how quickly the gov works about banks. a bank shut down, auctioned, and opened under new management in less than 3 days. i just wish government was that effective at everything.

Do we have a choice???? We live under capitalism.

Money = food, shelter, safety.

@@karlabritfeld7104 Where you have choice……instead living where they tell you.

If and when this happens to you, I am fairly sure you will go into "panic" mode as well, so I would advise you to wake up and quit trying to be the pot calling the kettle black...

I remember that it was only $100K

Better Business Bureau is a private entity, it isn't a government agency.

@@smiziley As is the Federal Reserve.

The issue is that banks pay for FDIC insurance, so they would pass any increase on to the customers. Is should be noted that joint accounts are insured up to $500k.

That's all it is. Any new bank that tries to compete with any big bank has a short life span.

😂 that explains where the illegals that work unclaimed taxes go. No wonder we need more ppl thru the border.

anymore.

@Morbid Man Music that's right keep your money 💰 at home forget the banks

Why????

@@MrSuperJaskirat It has been reported that over 95% of the depositors had over $250,000 in the bank. $250,000 is the max amount insured. If you say that the deposit is completely covered, no matter what, you have encouraged higher risk financial investment with no down side.

@@Michael-yl2iq im surprised people have deposited that much money considering I keep hearing how Americans are living paycheck to paycheck...

@@MrSuperJaskirat Those are not just people, those are rich high tech investors and business owners. Biden only makes it sound like he is helping the common citizen living paycheck to paycheck.

​@@MrSuperJaskirat because the FDIC only promised to insure $250,000. Those who had more than that in the bank were taking a known risk.

🙂!!!

Correct. If you have more than the $250k, you probably have it invested which is why the FDIC says $250k is the limit for non-investments, and not more. However, I do agree with you the $250K is antiquated and should be more now with inflation.

Why not? Not everyone is greedy

A normal person isn't likely to have $250,000 parked in a bank, but that amount of money may be a week or month worth of sales for a small or medium sized business. I'm kind of curious if business can purchase additional insurance above the FDIC limit just in case their bank goes broke.

Exactly

Its .001% ....

It's 2009 in the description. I'm thinking they're trying to tell is what happens when a bank closes....this Time however there will be no bailouts for these banks.

2009

@@verlindaallen3335 not the 2 that just failed but there will be for other’s on the verge, the government will do everything possible to avoid bank runs.

@John Smith I agree. As bad as it is. What we know about. Imagine what else we're not aware of.

@@CraigScottFrost your right

Hello my fan, Greetings from Musk!❤

Thanks for being my great fan where are from?

When your bank fails you are paid by the FDIC. Did you watch the video or did you just come down here to comment disinformation?

@@jamisongillespie3524 oh right so who backstops the FDIC? Who backs these loans the Fed is giving the banks on assets way above market value? Can you go get a $30,000 loan on your $10,000 car?

@@SMMiles so you admit the FDIC pays you when your bank fails?

@@jamisongillespie3524 so you delete your comment that makes you look like a fool, then say I have to “admit” something? Do you even understand where the FDIC gets it’s funding ultimately? You probably couldn’t even spell FDIC a couple weeks ago. Biden voter I’m guessing?

@@SMMiles lies? Unsound logic? Character attacks? Disinformation confirmed. FDIC will make you the "little guy" whole if your bank fails. Where that money comes from is irrelevant. Who you voted for is irrelevant. To state the FDIC won't make depositers whole is disinformation plain and simple. Delete your account