The Federal Reserve printed billions of dollars for the big banks and the banks put that money right in their own pockets. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live
Read more HERE: https://www.levernews.com/regulators-greenlit-svbs-risky-investments/
"In the years before Silicon Valley Bank's sudden failure, federal regulators gave the firm a special exemption from rules designed to prevent deposit-taking banks from engaging in risky investments and financial speculation, according to records reviewed by The Lever.
The move � which was a precursor to regulators later extending a similar exemption to the entire banking industry � coincided with Silicon Valley Bank, or SVB, continuing to invest in the high-risk venture capital industry in the lead-up to its collapse, which is the second-largest bank failure in U.S. history.
As the federal government now protects SVB's depositors from losses, the bank's demise has touched off alarms about broader risk in the financial industry, just a few years after both lawmakers and federal bank overseers began rolling back some of the reforms that followed the 2008 financial crisis."
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ? https://www.youtube.com/TheYoungTurks/join
SUBSCRIBE on YOUTUBE: ? http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ? http://www.facebook.com/TheYoungTurks
TWITTER: ? http://www.twitter.com/TheYoungTurks
INSTAGRAM: ? http://www.instagram.com/TheYoungTurks
TWITCH: ? http://www.twitch.com/tyt
???? Merch: http://shoptyt.com
? Donate: http://www.tyt.com/go
???? Website: https://www.tyt.com
????App: http://www.tyt.com/app
???? Newsletters: https://www.tyt.com/newsletters/
If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist https://www.youtube.com/watchlisttyt
Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt
Unbossed with Nina Turner https://www.youtube.com/unbossedtyt
The Damage Report ? https://www.youtube.com/thedamagereport
TYT Sports ? https://www.youtube.com/tytsports
The Conversation ? https://www.youtube.com/tytconversation
Rebel HQ ? https://www.youtube.com/rebelhq
TYT Investigates ? https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA
#TYT #TheYoungTurks #siliconvalleybank
230315__TA03FedsV2
