{"id":1875150,"date":"2023-03-12T16:29:11","date_gmt":"2023-03-12T20:29:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gottheimer-lays-out-demands-on-how-government-should-deal-with-silicon-valley-bank-collapse\/"},"modified":"2023-03-12T16:29:28","modified_gmt":"2023-03-12T20:29:28","slug":"gottheimer-lays-out-demands-on-how-government-should-deal-with-silicon-valley-bank-collapse","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gottheimer-lays-out-demands-on-how-government-should-deal-with-silicon-valley-bank-collapse\/","title":{"rendered":"Gottheimer lays out demands on how government should deal with Silicon Valley Bank collapse"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/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%2Fgottheimer-lays-out-demands-on-how-government-should-deal-with-silicon-valley-bank-collapse%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=1875150&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_78399405\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"Six takeaways from Biden's big-spending budget proposal\">               <meta itemprop=\"description\" content=\"President Joe Biden released his budget for the next fiscal year on Thursday, outlining the policy priorities that could underpin his reelection bid should he choose to run for a second term. Biden claimed his budget proposal would cut the deficit by $3 trillion over the next decade, although he requested spending increases across virtually every part of the government.\">               <meta itemprop=\"duration\" content=\"PT2M32S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-09 21:59:50\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1259651_th_1678399391.jpg640e3617915d9.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1259651.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_78399405\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1259651\"} }); <\/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\">R<\/span>ep. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/josh-gottheimer-progressives-moderate-target\" target=\"_blank\" rel=\"noopener\">Josh Gottheimer<\/a> (D-NJ), is setting out his demands as to how the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/yellen-not-bail-out-silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a> As government officials scrambles to stop financial contagion, it is important that collapse be addressed. <\/p>\n<p>Gottheimer supports the Federal Deposit Insurance Corporation to underline the economic dangers of the meltdown. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a>, Treasury Department, to help uninsured depositors and increase liquidity in Fed member banks. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/biden-7-trillion-tax-spend-budget-debt\" target=\"_blank\" rel=\"noopener\">BIDEN PROPOSES A NEARLY $7 TRILLION TAX AND-SPEND BUDGET, THAT WOULD NOT STABILIZE DEBT<\/a><\/b> <\/p>\n<p>&#8220;We are writing to express our deep concern over the sudden collapse of Silicon Valley Bank (SVB) and the contagion risk this failure poses to small, medium, and regional banks across the country,&#8221; Gottheimer&#8217;s draft letter was circulated amongst his colleagues. <\/p>\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Rep. Gottheimer sent a letter out to his colleagues asking for the FDIC, Treasury, and Fed to:<\/p>\n<p>1. Prioritize finding a buyer of SVB<br \/>2. Ask other banks to provide temporary credit to uninsured depositors<br \/>3. Banks can receive liquidity through repos <\/p>\n<p>Copy of draft obtained by <a href=\"https:\/\/twitter.com\/axios?ref_src=twsrc%5Etfw\">@Axios<\/a>: <a href=\"https:\/\/t.co\/9P0zyRiLzv\">pic.twitter.com\/9P0zyRiLzv<\/a><\/p>\n<p>\u2014 Andrew Solender (@AndrewSolender) <a href=\"https:\/\/twitter.com\/AndrewSolender\/status\/1634953938410831872?ref_src=twsrc%5Etfw\">March 12, 2023<\/a>              <\/p><\/blockquote>\n<p>               <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>              <\/div>\n<\/p><\/div>\n<p>SVB collapsed Friday after revealing on Wednesday that it had sold a variety of securities at a loss. The mounting crisis has been addressed by federal regulators. <\/p>\n<p>Gottheimer pointed out that SVB was in a difficult economic situation and admitted that SVB\u2019s huge stockpiles were contributing to its turmoil. <\/p>\n<p>&#8220;At first glance, it appears that SVB met their capital requirements and had a balance sheet with adequate ratios. That said, SVB<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Learn More <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-gottheimer-lays-out-demands\">Gottheimer sets out requirements for government to deal with the Silicon Valley Bank failure<\/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>Rep. Josh Gottheimer (D-NJ), is setting out his demands as to how the Silicon Valley Bank As government officials scrambles to stop financial contagion, it is important that collapse be addressed. Gottheimer supports the Federal Deposit Insurance Corporation to underline the economic dangers of the meltdown. Federal Reserve, Treasury Department, to help uninsured depositors and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1897011,"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":[5373,7385,3715,4201,21407,5045,10211,8107,8109],"class_list":["post-1875150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bank","tag-collapse","tag-deal","tag-demands","tag-gottheimer","tag-government","tag-lays","tag-silicon","tag-valley"],"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\/1875150","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=1875150"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897011"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}