Yahoo Finance’s Allie Canal reads Mark Cuban’s tweet about the Silicon Valley Bank collapse in this clip from March 13, 2023.
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#yahoofinance #markcuban #youtubeshorts #shorts #siliconvalleybank #svb #collapse #news #finance #updates #twitter
That’s hilarious. The rich bankers who make bad bets are always taken care of first.
We bail them out and they give us a huge middle finger by giving record bonuses out to CEOs
Yes remember after the banker’s looted American eric holder let them all go free now the current Attorney General after the republicans committed treason let them all go free… And of course the last Republican Attorney General was just a guy on his knees consistently.
Actually this happened because in 2018 Trump got rid of the Dodd Frank bill that was created after the 2009 crash, keeping all banks watched and regulated. Trump and republicans are very good at getting rid of regulations, they often brag about it, like Trump did in 2018 saying smaller banks don’t need regulations.
Literally not what is happening, did you reach the FDIC docs? Equity holders are wiped
Crypto nonsense
Why would anybody care what his opinion is on ANYTHING?!
@Swing Ger when the news is about money, yes.
@Swing Ger you don’t have to care though is someone’s putting a gun to your head to care about this. If so, please ask for help I’m sure somebody in the world can help you because that’s a crying shame that you’re being forced to care about Internet stories did them making a story about this and posting this video really affect your life like did it harm you in anyway. I doubt it
@Big Z – He’s been wrong on so many things the past few years.
@Smiley you’ve probably been wrong a lot too. I have. The only difference is nobody pays attention to everything we say. I would take his advice on investing, but yeah not politics
@Big Z – That sounds about right. And you bet’cha I’ve been wrong a lot.
And you should protect the mavericks cause they suck even with 2 superstar players
You get$250,000 back maybe more.
Go woke, share holders go broke.
Typical investor thinking. They play with other people’s savings and take risks with other people’s money that the people who own the money wouldn’t take. Then they want a bail-out.
Look up rule #11 on the board game monopoly. “Bankrupt is not possible for the bank”
This isn’t a board game though…
And the game is called “monopoly” which are illegal.
Comparing a board game to real world economics? Jesus Christ we are screwed as a nation….
It’s a simple way for those to understand greed will never end and only be bankrolled. If you ain’t in the club….sorry
The FED shouldn’t and can’t take care of anyone, they don’t produce anything. If you take a risk and lose, it’s YOUR fault.
Well said. The FDIC will provide protection as by law. Let’s pay them in Cryptocurrency just like those work from home start up businesses like. It Silicon Valley – come on man! 😮
$200 billion in savings $80 billion cash on hand I believe to hey said.
Build back better they told us.
@ChanMan405 Nothing is getting built back and NOTHING is better.
@Nicky Krystals I hear that “BUILD BACK NEVER”,I would put a laughing emoji but it is not funny anymore!!
@ChanMan405 really?
@Scott Waters an infrastructure plan is wholly irrelevant on a video about a submarine. I’m not even a Biden supporter. Just observing how people have gone to pathetic means to throw their political biases around these days..
@Nicky Krystals probably think that because you watch Fix News and go to other outlets for the sole purpose of trolling. Congrats on a head full of irrelevant knowledge
You go woke you go broke
Air money …just has a way of disappearing..poooof and gone…crypt o fake money..biden says no bail outs…so who will be first?
But we keep bailing them out, and they end up giving CEOs record bonuses
FCO and CEO should be charged as they stole money from clients to do buy backs and had no capitol to secure their own loans. they did business on profit margain and no one or someone who should have been paying attention to the red line margins each day/week was either silent or silenced when this place was going in the red. this look and sounds like the movie margin call.
Um No- Equity holders are wiped, this is the 1000s of small companies
That’s the way it is.
@enricobellomo1533 yup.. that’s just the way it is and always has been, but I think we have an opportunity for the first time in history to opt out via cryptocurrency
There were celebrities and millionaires who had money at that bank! They will get bailed out but if a smaller bank failed, good luck
Nobody cares what he thinks to begin with.. all his virtue signaling has fallen on deaf ears.
Well America is a Place where companies rip everybody off and the republicans commit crimes and the democrats don’t enforce the laws.
Cuban is such a slimy scumbag. Worst is. He honestly thinks people are going to accept his disingenuous supposition
But finish that statement Mark, take the money from the wealthy who sold their shares just b4 the collapse to bail out the small businesses. Stop letting elites win when they failed.
have they tried making their lunches at home, maybe eat less avocado toast?
How do I get a job as a “Tweet Reader”?
Apply at a news station…?
Congress spending trillions, ZIRP, 0 percent reserve requirements, lax regulation. What else could the GOVERNMENT do to help
The root cause of the problem is the existence of the Federal Reserve itself. The Federal Reserve’s monetary policies, such as inflation and manipulation of interest rates, have led to economic instability and contributed to the current crisis. If the Federal Reserve were abolished, the economy would be more stable and resilient to shocks like the one currently being experienced by those affected by the SVB crisis. The Federal Reserve, not the wealthy, is the real culprit in this tragedy, and that the best way to protect the entrepreneurs, employees, and vendors affected by this crisis is to abolish the Federal Reserve and allow the market to operate freely.
We shouldn’t be protecting another bank failure. It’s not right.
Harris Biden 2024.
Yes for more financial collapsing and degeneracy, waiting for the old dictator to croak!! Kamala under my desk for 2024!!
So far she’s shown us nothing!
@Scott Waters Scott, that’s no way to talk about our future concubine in chief!
@Peter Hallock that’s not with some of her X said about her
That’s why we need to get the banks out of are federal reserve system there in control of are taxpayers money to much I think Teddy Roosevelt said that was his biggest mistake of letting the banks in to the federal reserve and in my opinion yes it was !!
Woke ass trash DEI bank.
That’s why I keep all my money in a piggy bank.
That’s capitalism for you. The rich get richer while the poor get poorer.
It’s called crony capitalism.
This is literally the opposite of capitalism. Capitalism would allow the bank to fail. The government taking money from the people to give to the bankers is not capitalism. In fact, taking money from the people sounds like a completely different system…
@Mr Bonjangle starts with the same letter 😏
Damn that payroll will take a hit no paycheck for those workers
If only there were a set of laws, regulations and governing bodies to oversee and assess how over-leveraged these financial institutions are in near real-time and the risks they pose to the general public.
What a world that would be.
We had that until 2018 and the Republicans burned it down …..
There is a damned good reason why 10 of the last 11 Economic Recessions have come under Rerpublican Presidents ….. and it’s not just bad luck, it’s bad policies
Banks collapsed in 2008 because of Bush and the GOP’s bad policies and now they are collapsing in 2023 because of the bad policies of Trump and the GOP in tearing down the guardrails put in place after their 2008 disaster
😭😭😭😭😭😭😭😭😭😭
Unfortunately, any legislation penalizing the bankers will be blocked by the House GOP.
You are right, DRK, the GOP would block the penalties, and so would the Democrats.
The Republicans are dumb, but in case you haven’t noticed, the Dems are the party of billionaires now
Asking government to regulate banks is like asking the children to regulate the parents.
Genius: there are more regulations than ever before, yet these debacles keep happening because morons keep crying “regulate,” yet the only people it seems to get worse for are the yelling morons.
@evlamtaphsic It seems you have more understanding than most people. That’s an excellent illustration.
Sharks have feelings wtf?
Is it just me or does he look like he has had way too much plastic surgery?
No the fkn they shouldn’t
If you were to give the earth an enema, you would shove it right up the ‘Cuban…
Why doesn’t he bail them out/ he has more money than God
1. He’s not the one responsible; it’s far better to hold the responsible parties responsible, than for Mark to just bail that BANK out by paying people so they don’t have to be accountable
2. He already does help a lot of people with his money; but, he begins with his own “house” (such as continuing to pay his AAC employees when lockdowns began even though those employees were unable to work), funding community farms/gardens in impoverished areas of Dallas, and founding a reasonably priced pharmacy intended to cut Big Pharma off at the knees.
Main point: he’s already helping people by using his platform and social power to speak on this issue. We shouldn’t have a “all or nothing” mindset where we get mad at people for standing up for what’s right, just because in our eyes they should be doing more. He’s pushing for the responsible party to be held responsible, and that’s the ideal outcome.
Employees got Bonus right before collapsing come on taxpayers are we this dumb ???? This Joe Biden administration is a joke if they bail them out with taxpayers money
Mark Cuban 2024
For prison, yes
Banks are going to collapse under Biden.
Joe BIDENS America 🇺🇸
Well trapping businesses that are forced to comply with their rules would be the first logical parties to protect.
dude all these mark cubins of the world are the same onces that told you to invest. so they can rug pull. classic
Dang not even including the fact the bank paid all of its members a massive bonus before this incident… weird wonder why they aren’t talking about that…
People keeping saying “We keep bailing them out” – No google and read the programs, it’s hundreds of pages but let me summarize… Equity Holders are WIPED yes the CEO if he has any stock etc and investors
The Democrats’ worked at creating a policy to have ” safeguards ” in place. The dumb aaassssss republican’s removed them.. during the dumb aaassssss republican administration and the dumb aaassssss republican congress. Just like what happened in republican ohio with the train derailment.. dumb aaassssss republicans’ get what they voted for.. dumb aaassssss policies.
i just don’t know why joe biden would do this to us. like why
Just add it to the long list of Biden phuck ups
Cuban:”Yes here is my chance to start acting like the cool billionaire again so I can begin my presidential campaign!”
It’s almost like Mark Cuban has an agenda and personal stake in this situation
It’s almost like you don’t know about his various prosocial ventures, and how he advocates for solid solutions that help everyday folk.
Such as:
– establishing the Fallen Patriot Fund for families of military people KIA,
– donating to a local (to him – Dallas) farm intent on feeding the impoverished while improving their lives, and
– founding/kickstarting/finding a qualified medical professional to run his newest venture: Cost Plus Pharmacy — a pharmacy that drastically reduces costs by manufacturing meds in-house and thus cutting out the expensive middlemen; CPP is also classed as a “public benefit corp” — a corporation whose LEGALLY enforceable obligation is, unlike most companies, NOT to turn a profit for shareholders, but rather, to benefit the public.
Oh, and I almost forgot: when lockdowns started and the American Airlines Center was forced to close, instead of doing what most companies did and either laying people off or cutting hours/suspending without pay, he chose to keep paying his full AND part time AAC employees their hourly wages, despite being unable to turn a profit at the Center during this time.
Anyways.. main point: I think you’re barking up the wrong tree. Mark is very likely just speaking on what seems fair, right, equitable, and best for society, as opposed to speaking from a secret agenda to protect his personal assets.
Ya THINK!!!
Lol foreal
I don’t understand how the government stands by privatizing a businesses profits but will socialize the their debts.
Cuban has around $10 million in SVB. Chump change but I’ll bet he’ll take the bailout.
It’s up to individuals to protect themselves and their family, not the Fed. We are supposed to be a free country.
That’s correct Mark Cuban! 🤩🤩
You all be blaming the Fed it’s your public servants in Washington who make these laws !!!!
And also evolution was made from the pilt down man. Pilt down man was found to be a fraud 50 years later, but the damage has been done and people still believe revolution even though it’s been de bunked
Politics aside, what kind nonsense is this guy saying? All the shareholders, including Billionaires, who invested in SVB lost all of their money. You want to know who’s to blame? — the Fed and Congress, printed too much money and over-stimulus. The bank runs are exclusively triggered by the rapid rate hikes and steep drop in treasury bonds, because they are losing control of inflation. Now they have ceased the entire economic machinery.
Maybe they could just print more money and hike rates at the same time and see what happens.
The rich and wealthy feel no pain compared to those of us barely keeping our necks above water working multiple jobs for these people
I’m a commercial banker in the middle market space. I drive a 2017 hyundai accent and have 4 kids in a basic home. There are so many ignorant comments it’s incredible.
What was the purpose of mentioning your job, the car or how many kids you have?
@jeeves joff because people largely have this perception that bankers are these rich, greedy, out of touch people. I’m a down to earth person and can say the same for the people I work with.
@Joe Nic aah got your point now. You have a good day sir.
Absolutely True
Mark always speak the truth. All the bank stocks were down today. RIP bank accounts 😢
If one looks at the fundamentals, SVB had structured itself (took risks) so that it would be vulnerable, and it was. On the other hand, First Republic Bank’s fundamentals were and remain excellent, which is in part why folks are not pulling money out of it, and why its doors remain open doing business as usual. Its stock value has dropped only temporarily because of conflation in the minds of the general public with the banks that have poor fundamentals. That offers a great opportunity right now to invest in First Republic Bank!
What happen to marks face?
Mark “socialism for the rich” Cuban
He is correct ….. and the wealthy players took their money out and caused the collapse when it really wasn’t necessary and should NOT be rewarded for their emotional stupidity
Did your know?
Did you know that the only Republican President in US history to NOT have an Economic Recession was Abraham Lincoln? Republicans are and always have been The Recession Party
Wait, thats not how capitalism works?
Those poor business owners 😕
mavericks your own delusion of attachment
If only there was some kind of insurance to protect people’s money that we let the banks use. some kind of federal deposit insurance company should be made.
NO…the FED should never bail these losers out.
USA
US PAY
YOU MUST PAY
AND+AMEN
NO BAILOUT for these banks !! Taxpayers shouldn’t foot the bill for corruption and incompetence.
Keep being a democrat and rely on the government to fix your problems.