Keith Fitz-Gerald of Fitz-Gerald Group speaks to CNBC’s Capital Connection about the Silicon Valley Bank collapse.
Silicon Valley greed and regulatory failure is behind SVB’s collapse, investor says
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Keith Fitz-Gerald of Fitz-Gerald Group speaks to CNBC’s Capital Connection about the Silicon Valley Bank collapse.
this is not the main thing, the main thing is that Biden transfers more money to Ukraine.
The US just need to stop blaming every financial problems to crypto.
Bonds that the banks and others hold are worth less that what they paid for, because of hiking intrest rates too far. Intrest rates hiked because of inflation. Inflation occured because of high energy prices primarrily followed by coporate greed. Thats where to vent Your anger, and to the ruleing elite. If Governments cant controll energy costs or proffeteering through legislation then they are part of the problem and not the solution. As we all know, when all this was festering our politicians were too busy ensureing everyone made the proper pronouns, and focused on putting people in high places to run things bases on their gender reassignment or if they were not the right colour. I dont give a ** how you live, what you believe, if your right or left. I only care if You are fit for purpose in governing, running a company or a division, and the “BEST” person for the job.
Wow greed? Now who would say such a thing
Should all be in prison for life
These banks need to be run like the Medicare contractors. I worked for a large health insurance company that had Medicare contracts. There was some back dating and hiding of claims. There was two employees who blew the whistle on management. The FBI showed up and arrested the VP and Director hauled them away. The same needs to happen to these crooked bankers. Jail is the only thing that will stop this theft of our tax dollars via bailouts!
Its nothing to do with Democrats its ALL GOP ignoramuses
Of course it’s not Democrats fault! Hahahahaha
It was reported that Hunter Biden had pressed Silicon Valley Bank ( SVG ) to put him on the Board Of Directors in 2020, SVG refused his demand because of his drug addictions and his numerous federal criminal investigations regarding his china business dealings.
Tip of the iceberg ! Nobody’s at the wheel ! GOD’S WRATH is Coming ! Elections have consequences !
It doesn’t matter they got the bailout in the end.
Greedy bankers ?!!
You don’t say.
Not enough regulation ?!!
How did that happen ?
I thought sanctions were against Russia and Russian economy … But these sanctions have hit the economy more of USA and it’s western Allies … Banks now collapsing and defaulting to pay depositers in USA by banks.
How does Trump appointee Fed Chairman Jerome Powell still have a job on Biden’s watch? How did he get reappointed? Seriously. His handling of interest rates and the Fed’s Quantitative Easing is as responsible for this as any other single individual.
this is the same r con play book going back to the 1920s. and they are the biggest takers of government money when it suits them. puke. Greed and lack of regulation always ends up bad. I would not bail them out.
He seems straight forward about this.
SVB…. bank will open tomorrow with a new name for illegal Mexicans, Nacho Safest Bank…..
No confidence. Pull your money.
How about stupid business decisions. This is like when big brother bailed out GM.
Investing in crypto now should be in every wise individuals list, in some months time you’ll be ecstatic with the decision you made today,,.
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Just do something that will earn you money while you sleep, no matter how little. The pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream and everyone had to stay at home. Well I never felt it because I invested in a trading company where I earn 4 digits per week. The best thing you can do for yourself is invest more and spend less.
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Have seen lots of inspiring testimonies about this broker lately…I guess she must be really good…l’ll definitely make out time to connect with her anyways
Regulatory failure and the total absence of due diligence by any fund that invested in that amateurish bank. I’m not calmed by this blank check lending facility to cover more amateurs in banking.