Silicon Valley Bank won't receive bailout, says Yellen.

The bank's meltdown, sparked by a massive surge of withdrawals, has left depositors worried they may not see their money again. CBS2's Cristian Benavides has the story....(read more)

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Earlier this month, the chairman of the Federal Reserve, Janet Yellen, stated that no bailout is planned for Silicon Valley Bank. This news may have come as a surprise to many who assumed that a bank in Silicon Valley would be deemed too important to fail. However, Yellen's statement is in line with the current policy of the Federal Reserve to avoid bailouts of individual institutions in favor of maintaining market stability through regulation and oversight. This policy was put in place following the financial crisis of 2008, which saw large bailouts of banks deemed "too big to fail." Silicon Valley Bank, which focuses on serving innovative startups and technology firms, has faced criticism for its risky lending practices. The bank has seen high rates of defaults and non-performing loans, prompting concerns about its financial stability. Despite these concerns, Yellen emphasized that the bank's troubles are not at a level that would require a bailout. She also stated that the bank's risk profile is well-known and that the Federal Reserve is closely monitoring its operations. This decision sends a message to financial institutions that they will need to face the consequences of their actions and that the risks they take will not be mitigated by government bailouts. It also underscores the importance of effective risk management and responsible lending practices. Furthermore, Yellen's statement is a reminder of the crucial role played by regulators in protecting the stability of the financial system. Rather than relying on bailouts as a safety net, the Federal Reserve's emphasis on regulation and oversight can prevent individual institutions from causing disruptions that could ripple throughout the economy. In the end, Yellen's decision not to bail out Silicon Valley Bank sends a strong signal to the banking industry that risky behavior will not be rewarded. It also underscores the need for, and importance of, effective regulation and oversight in the financial system. https://inflationprotection.org/silicon-valley-bank-wont-receive-bailout-says-yellen/?feed_id=87837&_unique_id=6439e3b02b1c7 #Inflation #Retirement #GoldIRA #Wealth #Investing #bankingindustry #california #CBSNNewYork #cristianbenavides #fdic #Janetyellen #siliconvalleybank #BankFailures #bankingindustry #california #CBSNNewYork #cristianbenavides #fdic #Janetyellen #siliconvalleybank

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a

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