{"id":1875005,"date":"2023-03-12T10:12:28","date_gmt":"2023-03-12T14:12:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-rules-out-federal-bailout-for-silicon-valley-bank\/"},"modified":"2023-03-12T10:12:54","modified_gmt":"2023-03-12T14:12:54","slug":"yellen-rules-out-federal-bailout-for-silicon-valley-bank","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-rules-out-federal-bailout-for-silicon-valley-bank\/","title":{"rendered":"Yellen rules out federal bailout for Silicon Valley Bank"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fyellen-rules-out-federal-bailout-for-silicon-valley-bank%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1875005&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_74158401\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"US hits debt limit, and countdown begins for 'extraordinary measures' to run out\">               <meta itemprop=\"description\" content=\"The United States hit its debt limit, beginning a countdown for the Treasury to miss paying a bill and raising fears of a default. The U.S. hit the debt limit, also known as the debt ceiling, on Thursday, the Treasury Department announced. Treasury Secretary Janet Yellen said that the Treasury will take \"extraordinary measures\" to prevent the U.S. from defaulting on its obligations, but the Treasury will only have a few months before those measures are exhausted.\">               <meta itemprop=\"duration\" content=\"PT1M12S\">               <meta itemprop=\"uploadDate\" content=\"2023-01-19 19:58:42\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1226798_th_1674158322.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1226798.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_74158401\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1226798\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>Secretary of the Reasury <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/janet-yellen\" target=\"_blank\" rel=\"noopener\">Janet Yellen<\/a> While denying a federal bailout of Silicon Valley Bank, the statement also highlighted that officials were trying to help depositors. <\/p>\n<p>Silicon Valley Bank <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">Friday: Collapsed<\/a> Following a bank run, federal regulators took over the bank. SVB is often compared to other banks that were in trouble during the financial crisis. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/2008-financial-crisis\" target=\"_blank\" rel=\"noopener\">Financial crisis 2008<\/a>Yellen however, claimed the circumstances are quite different. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/svb-ceo-stock-sales-employee-bonuses\" target=\"_blank\" rel=\"noopener\">SILICON-VALLEY BANCK COLLAPSE. CEO CASHED IN MILLIONS, EMPLOYEES WON BONUSES<\/a><\/b> <\/p>\n<p>&#8220;Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out,&#8221; Yellen told CBS. &#8220;The reforms that have been put in place mean we are not going to do that again.&#8221; <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<figure class=\"Figure mb-1 mb-sm-3 mb-md-1 article-lead-photo data_invisible\" data-align=\"center\" data-image-size=\"fixed\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\">\n<div class=\"Figure-container\"> <picture><source media=\"(max-width: 768px)\" type=\"image\/webp\" width=\"767\" height=\"511\" data-image-size=\"1060x600_md\"><\/source><source media=\"(max-width: 768px)\" width=\"767\" height=\"511\" data-image-size=\"1060x600_md\"><\/source><source media=\"(max-width: 1440px)\" type=\"image\/webp\" width=\"645\" height=\"430\" data-image-size=\"1060x600_xl\"><\/source><source media=\"(max-width: 1440px)\" width=\"645\" height=\"430\" data-image-size=\"1060x600_xl\"><\/source><source type=\"image\/webp\" width=\"1060\" height=\"706\" data-image-size=\"1060x600\"><\/source><source width=\"1060\" height=\"706\" data-image-size=\"1060x600\"><\/source>                                 <\/picture><figcaption class=\"Figure-caption\" itemprop=\"caption\"> Janet Yellen, Treasury Secretary, listens to President Joe Biden during a hearing of the House Ways and Means Committee on the fiscal year 2024 budget request. This was Friday, March 10, 2023 on Capitol Hill, Washington. (AP Photo\/Mariam Zuhaib)                <\/figcaption><div class=\"Figure-credit\" itemprop=\"author\">                 Mariam Zuhaib\/AP                <\/div>\n<\/p><\/div>\n<\/figure><\/div>\n<\/p><\/div>\n<p>Congress approved the Troubled Asset Relief Program, which is a bailout package of roughly $700billion. Yellen said that the Treasury Department is eager to assist depositors. <\/p>\n<p>Bank deposits are covered up to $250,000. Many of SVB&#8217;s deposits exceeded $250,000. This was because it was the only bank that provided services to tech start-ups. Reports revealed that SVB&#8217;s CEO Greg Becker cuffed out stock options during the weeks leading to its collapse. <\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/yellen-not-bail-out-silicon-valley-bank\">Yellen approves federal bailout of Silicon Valley Bank<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TSecretary of the Reasury Janet Yellen While denying a federal bailout of Silicon Valley Bank, the statement also highlighted that officials were trying to help depositors. Silicon Valley Bank Friday: Collapsed Following a bank run, federal regulators took over the bank. SVB is often compared to other banks that were in trouble during the financial &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[8384,5373,3974,3807,8107,8109,5286],"class_list":["post-1875005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bailout","tag-bank","tag-federal","tag-rules","tag-silicon","tag-valley","tag-yellen"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1875005"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896992"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}