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⚠️⚠️⚠️ #saintpatricksday #wealthcourses #meetkevin ⚠️⚠️⚠️
00:00 Intro
12:00 Commentary
17:00 The Coming Bailout
52:53 Top 10 Risky Banks
01:05:11 What if NO Bailouts
01:25:00 Why SVB Failed Why The Bank Failed
📝Contact Information for Kevin & Liability Disclaimer: http://meetkevin.com/disclaimer
This is not a solicitation or financial advice. See the PPM at https://Househack.com for more on HouseHack.
Videos are not personalized financial advice.
⚠️⚠️⚠️ #saintpatricksday #wealthcourses #meetkevin ⚠️⚠️⚠️
00:00 Intro
12:00 Commentary
17:00 The Coming Bailout
52:53 Top 10 Risky Banks
01:05:11 What if NO Bailouts
01:25:00 Why SVB Failed Why The Bank Failed
📝Contact Information for Kevin & Liability Disclaimer: http://meetkevin.com/disclaimer
This is not a solicitation or financial advice. See the PPM at https://Househack.com for more on HouseHack.
Videos are not personalized financial advice.
Done.
I swear I keep thinking "Ryan Reynolds" when I listen to your videos. Lol. Keep up the info train rolling!
Yeah. Dood frank, many people say too much regulation. Now say why not enough regulation? So expand dod frank to all banks, small and big?
Ban those countries too.
Meet kevin is charlatan. Next month he will say to get higher interest in the smaller banks and that hes investing in them.
Yes. Russia 🇷🇺 is bypassing the sanctions as evident in some increased production of many of their high tech weaponry ( air and missiles ) showing up on the battle field and devastating NATO arms depots and Ukrainian troops in the latest clashes .
The tide has turned .
America and its Allies will lose this war . Yet again …..
🤙glad your back to the studio!! its a lot better than that serial killer motel room backdrop lol
Conspiracy Theory: SVB was timely planned.
Great video like always Kevin. The only point I bring up was given on the all-in podcast. Most of these companies were basically told that if they wanted funding – they needed to hold all their money at this one bank SVB – and if they didn't it would essentially break their contract. They also mentioned that the backstop in '09 actually didn't cost the taxpayer as the gov got options in the bailout that earned gains above the bailout amount? This is second-hand info no idea if it's true or if that actually meant it didn't cost taxpayers, but I find it interesting. PS I think tough love may be appropriate for the bankers who made bad decisions but it would suck for all the businesses with uninsured assets and people who make a living from companies like Etsy.
Here is my problem with top banks also have any of them every experience the fed raising rates so fast for so long..Nope. Banks could fail again..All it also takes is people panicking and they start losing deposits too. What a mess. The fed needs to slow down the hikes..The signs are there..I think he should keep raising rates but not so fast.
Lemonade has no money in SVB. The CEO tweeted about it.
Hair cut-Can you write off the loss?
Man, that plane got you MAD
More ESG?
Hate to say this but they great future startup will be lost overnight. Hope the UK bail out for pennies on the dollar and take the future tech sector with crypto.
Ballout or Contagion fund is the same! they are manipulating a free capitalist market. but it is ok being socialist when benefit all, 😂
Charles Schwab has 577b assets. Why it's not top 10 bank ?
Hey Kevin, what you deemed as the "evil" argument is actually the "good heart" argument!! People need to stop looking at things in such short term timeframes… Just like Elizabeth Warren wanting to not raise rates now and save 2 million jobs so no one will be able to have a job in a year and those with jobs won't be able to afford food. You should teach your audience why a bit of pain now SAVES us from massively larger more persistent pain later… just sayin.
@meetkevin Ro could be right in the long term. Remember that the federal government (taxpayers) actually made money on TARP. The deposit backing facility should get an equity position in any of the companies for which it guarantees their deposits.
Watch Wall Street: Money Never Sleeps to get an theatrical explanation on moral hazard. Appropriate to watch if you’ve never seen it given todays environment.
so spreading your money out among different banks so that all your banks are individually covered by the fdic 250k cap . is not a viable strategy according to kevin . he would have you consolidate all your cash into one of the too big to fail banks? is that right ?
I really appreciate you speaking the reality of this situation. So many people are spreading that everything is fine and depositors will get back 100% and everything will be figured out Monday.
Societies solved their debt crisis – gfc – with much more debt & in turn larger asset bubbles. I suspect we are now seeing the second major crash.
Basically societies over very long time frames accumulate debt to the point they can't pay. This is what happened during the gfc.
Don’t ever trust politicians don’t ever trust media they’re lying. It’s American propaganda they get paid by the politicians to tell you lies.
Our politicians are incompetent
Politicians are liars media are liars
Joe Biden is the reason we are in this mess
Joe Biden is incompetent he’s not fit to be our leader
My employee works at SVB as a contractor, they haven't paid us since December. Not sure if we will able to recover the money.