Timothy Sumer

Silicon Valley Bank (SVB) was a prominent tech-focused bank that provided a range of financial services to startups, venture capitalists, and other players in the tech industry. As industry grew and expanded rapidly over the past decade, SVB became a critical player in financing innovation and entrepreneurship. However, as with any financial institution, there were risks involved, and unfortunately, SVB was not immune to failure. The failure of SVB – the second-largest bank failure in U.S. history and the largest since the 2008 financial crisis – has had significant ripple effects beyond the tech industry. In this episode, we discuss the details that have emerged since SVB's failure, implications for the broader economy, and some of the measures that regulators and other stakeholders could have taken to avoid such a failure – and will hopefully take, going forward, to mitigate the impact of this crisis so that is does not metastasize and adversely affect the economy anym...

This clip we talk about the recent bank bailouts.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The 2023 Bank Bailouts: A Necessary Evil? In the wake of the 2008 financial crisis, the term "bank bailout" became a household phrase associated with government intervention to rescue struggling financial institutions. Though controversial at the time, these bailouts were seen as necessary to prevent a complete collapse of the global financial system. Fast forward to 2023, and the world finds itself grappling with yet another potential crisis, prompting discussions surrounding the possibility of new bank bailouts. The COVID-19 pandemic has wreaked havoc on economies worldwide, causing widespread job losses, business closures, and a sharp decline in economic activity. Governments have responded with massive fiscal st...

On Wednesday, November 28th The Common Good hosted former TARP Special Inspector General Neil Barofsky for a candid discussion of the bank bailout and aftermath and why citizens should not only feel shortchanged about what was supposed to be done with the billions spent on TARP, but the system vulnerabilities that still remain. For more information on the event, visit our page at: To RSVP for upcoming events, visit our events page at:... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Neil Barofsky, the former Special Inspector General for the Troubled Asset Relief Program (TARP), recently spoke at a Common Good event in New York City about the broken promises of the bank bailouts. Barofsky’s speech was a scathing indictment of the government’s handling of the financial crisis, particularly its decision to bail out the ba...

With the IRS and Treasury Department releasing their long-awaited, proposed 457(f) regulations regarding deferred compensation plans, it is important to understand how these new standards and rules may apply to programs at your organization. The webinar will be led by Gallagher Integrated’s Total Compensation and Rewards thought leader Toni Dolby, in conjunction with Kirk Sherman and James Patterson, attorneys with Sherman & Patterson Attorneys at Law.... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Internal Revenue Service (IRS) recently released proposed regulations for 457(f) deferred compensation plans. The proposed regulations provide guidance on how employers and plan sponsors can design and operate 457(f) plans in order to comply with the rules and regulations set forth by the IRS. In order to help e...