{"id":1875166,"date":"2023-03-12T16:57:36","date_gmt":"2023-03-12T20:57:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-collapse-u-s-officials-reportedly-weigh-backstopping-depositors\/"},"modified":"2023-03-12T17:01:37","modified_gmt":"2023-03-12T21:01:37","slug":"silicon-valley-bank-collapse-u-s-officials-reportedly-weigh-backstopping-depositors","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/silicon-valley-bank-collapse-u-s-officials-reportedly-weigh-backstopping-depositors\/","title":{"rendered":"Silicon Valley Bank collapse: U.S. officials reportedly weigh backstopping depositors"},"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\">20<\/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%2Fsilicon-valley-bank-collapse-u-s-officials-reportedly-weigh-backstopping-depositors%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=1875166&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.jpg640e3cca64df6.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\">T<\/span>According to reports, financial officers at OP are looking into the possibility for backstopping <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-depositors-get-money-back\" target=\"_blank\" rel=\"noopener\">Silicon Valley Bank<\/a> Depositors in the race to find a buyer <\/p>\n<p>There are two options: regulators can tap into the powers of the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/fdic\" target=\"_blank\" rel=\"noopener\">Federal Deposit Insurance Act<\/a> SVB to protect your deposits uninsured or to set up a &#8220;general banking facility&#8221; From the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> Assist other financial institutions with direct exposure to SVB. <a class=\"Link\" href=\"https:\/\/www.cnbc.com\/2023\/03\/12\/fed-fdic-discussing-backstop-to-make-svb-depositors-whole-and-stem-contagion-fears-source.html\" target=\"_blank\" rel=\"noopener\">According<\/a> Multiple reports. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/silicon-valley-bank-depositors-get-money-back\" target=\"_blank\" rel=\"noopener\">SILICON VALLEY BANK DEPOSITORS MAY GET SOME OF THEIR UNINSURED MONEY BACK MONDAY: REPORT<\/a><\/b> <\/p>\n<p>Officials are mulling over their options in hopes of averting contagion \u2014 a phenomenon in finance where turbulence from one institution ripples across the industry, causing runs on banks nationally. FDIC policy covers deposits up to $250,000, but SVB has deposits that are much larger. <\/p>\n<p>According to reports, the FDIC began an auction for SVB bidders Saturday. This was in anticipation of the political apprehensions and fears of moral hazards that would accompany a fully-fledged government-funded rescue. Janet Yellen, Treasury Secretary <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/yellen-not-bail-out-silicon-valley-bank\" target=\"_blank\" rel=\"noopener\">ruled out<\/a> SVB Sunday received federal bailout <\/p>\n<p>In the unlikely event that no buyer emerges, the FDIC, Treasury Department and Fed will continue to explore their options. <\/p>\n<p>Representatives from both political parties in Congress stressed the need for a solution to depositors whose funds weren&#8217;t insured. The lawmakers who have spoken<\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More from&#8221; <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/us-officials-weigh-backstopping-silicon-valley-depositors\">Silicon Valley Bank Collapse: U.S. officials are reportedly looking to backstop depositors<\/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>TAccording to reports, financial officers at OP are looking into the possibility for backstopping Silicon Valley Bank Depositors in the race to find a buyer There are two options: regulators can tap into the powers of the Federal Deposit Insurance Act SVB to protect your deposits uninsured or to set up a &#8220;general banking facility&#8221; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1897014,"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":[21408,5373,7385,21390,3638,4292,8107,7238,8109,9075],"class_list":["post-1875166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-backstopping","tag-bank","tag-collapse","tag-depositors","tag-officials","tag-reportedly","tag-silicon","tag-u-s","tag-valley","tag-weigh"],"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\/1875166","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=1875166"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1875166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1897014"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1875166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1875166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1875166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}