Two U.S. banks (Silicon Valley Bank and Silvergate) have collapsed. The Silicon Valley Bank collapse is the largest bank collapse since the 2008 recession, and the second largest U.S. bank collapse ever. The FDIC has taken control and is paying out depositors today, but with 95% of SVB's deposits uninsured, will this spark contagion throughout the banking sector and the U.S. economy? In breaking news, the Federal Reserve, the U.S. Treasury and the President himself have teamed up to bailout the banks, once again. New Money Clips: My Podcast: If you'd like to try Sharesight, please use my referral link to support the channel! :D (remember you get 4 months free if you sign up to an annual subscription!) ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► Learn to Master Your Tax Return (SPECIAL OFFER) ► ★ ★ CONTENTS ★ ★ 0:00 Silvergate and Silicon Valley Bank Collapse 1:00 How Banks Work 2:03 How Silvergate Collapsed 2:28 How Sili
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)