Kevin O'Leary, chairman of O'Leary Ventures and host on "Shark Tank," gives his takeaways on what led to the collapse of Silicon Valley Bank and how it will affect customers and investors. #CNN #News
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Lol… I’m really surprised CNN let him on
Afghanistan looking good thanks joey .
Perhaps was the Russians that let him on, ehh> Oh yes, that was a crash and burn lie.
🤣
Why are we listening to mr. O’Leary? SBF’s best friend…
@Mike Yerian Look at who the bank issued loans to, and look at who the bank lobbied with, and look at who their largest political contributions were to. That’s all the information you need to check.
@Mike Yerian Oh, by the way, the people who deposited money into SVB were getting checking accounts with 4.5% interest. You know, something that maybe several other banks offer? But certainly not 99.99% of other banks in our country. It was pure greed and risk. Never put your money in a checking account that earns more interest than the inflation rate (err, before brandon).
@Larry It was a bailout to millionaires.
@Mike Yerian As is always the case and will probably never change.
It’s rugged capitalism if you have a 6 figure medical bill or have to pay back 500% in interest on a student loan.
It’s socialism if you have a bank that fails and you suddenly need $50B for a bailout.
“Socialize the losses and privatize the gains.”
exactly 👍
How funny Kevin won’t give his $ to a bank but will give it to Sam Bankman
@CapAnson12345 what has credibility got to do with the truth?? It’s the message not the messenger
Trust no one including the banks. FDIC $250k is good enough for me.
Pro Tip: For you rich mofos, spread your money out in different banks.
Larry thought he would triple his wealth with FTX , but he only doubled it.
That’s not what happened though. This is why you gotta read the articles and not just the headlines,
Omg bring a scammer to give investors advices 😂
A fisherman sees another fisherman from afar.🎣👀
The biggest lesson is that the experts never know anything before the thing has happened..
@Diggety-Doggliterally everyone with an iq over 50 knew this was coming.
Oh, these experts know. Just because it’s not what you or I would do doesn’t mean they are in the dark!
In 2008 the Obama Administration passed legislation so that Banks had to keep a certain set of money aside so that’s this very incident wouldn’t happen . In 2018 Trump reversed that regulation, honestly he undid a lot of safety regulations, which if had still been in place would have prevented this. The Federal Reserve shouldn’t have raised the interest rate because the economy is doing better than what most people think it is and was the wrong move in my opinion, but the real nail in the coffin wasn’t having the safety net of the regulation that Trump took away. I am hoping that Congress will re-enact that regulation, but it is doubtful because the Republicans like the point of the administration and show how much they’re failing in the economy and it would have to go through a republican house to be voted on and they don’t actually like to help people they just like to try to own the libs. Trump also ended the regulations that dealt with safety in braking systems for trains which also resulted in the recent disaster in Palestine. And our Republican LED Supreme Court also has decided that the EPA is overstepping its bounds to tried to enforce regulations for cleaner air or water which is literally their job, they says that have to go through Congress which they know will never pass so just wait until all the consequences of lack of regulations hits us as a result from the Trump presidency. When Biden first came into office and had days where he was making executive orders, the majority of those orders was putting into place regulations that Trump had undone
Exactly
@Diggety-Dogg did they make profit from it?
if not, it’s meaningless
I want Kevin’s advice and opinion about this as much as I want his boating advice!
but can you explain why he is wrong though?
@Vizio Musa Its like is Elizabeth Holmes called SBF a fraud, she wouldn’t be wrong…
@Jen Walld Feel free to question anything else about the boating accident, but her being the driver is likely true as security camera footage at various points throughout the day showed her operating the boat.
After what happend to FTX and what he said NO one should ever trust another word out of Kevin O’Leary’s mouth. Do we really need to bring up what he said and did with Sam Bankman, absoutely insane why anyone would give Kevin O’Leary the time and day to talk about this.
They are struggling to get guests!
So does that mean you disagreed with everything he said? Are you confessing that his arguments confused you?
@Rough Habit You are confessing that Kevin O’Leary had an argument to be confused with?
While he made interesting point about basically eliminating the risk in the banking system, he totally overlooked the fact that a solution was need that won’t only prevent the run on SVB and Signature bank, but other regional banks. It a good solution in the short term and something similar was done during the 08 crisis. The taxpayer made money and after a few years the Feds no removed the guarantee
Yes during the Obama Administration regulations were put into banks that they had to keep a certain amount of money set aside for this very situation, yet in 2018 Trump terminated the safety regulation. I disagree with the Federal Reserve raising the rate at this time because our economy is not as bad as people are making it out to be. Honestly they say if people think we are in a recession we become in a recession, but if they think we are not , then we usually aren’t. Most of the inflation we have right now is due to corporate greed going unchecked because they know people think inflation is occurring so they’re putting their prices up because they know people are expecting it. Trump removed a lot of regulations, also for the Safety a braking systems and trains which resulted in the recent disaster in Palestine. They actually had bragged about the new braking system they were about to put in but when it was no longer required of them, they decided that it would be less costly if a disaster did happen because then the government would just clean up after it. I know they gave President Biden a hard time because of all the executive orders he did when he came into office but most of them were reinstating a lot of the regulations that Trump had cut. I worry about what other disasters are looming because of regulations that the former Administration decided to do away with. We also have an extremely Republican and pro-corporate Supreme Court now who decided that the EPA and OSHA have no business enforcing their regulations on companies in order to keep clean the air and water and that is something that should be up to Congress and almost nothing gets done there. I’m not even sure if Congress is going to put back in place the regulation for the banks that Trump took away because of the Republican house that doesn’t actually like to solve problems they just like to look at things that are going wrong and blame the administration so they can own the Libs rather than actually trying to help people in America
“every single institution has an idiot manager” – as Mr. O’leary has found out the hard way.
so we now know Sam Bankman, Jim Cramer, Kevin O’leary, all scammers,, who is next
that’s a soft way to put it when the bank cheat you out of your money
Ahh Kevin never failing to take the opportunity to get in front of a camera. Except of course when his wife had to stand trial for recklessly driving a boat, allegedly quite impaired, and killing someone in Ontario. This was less than two years ago and it’s interesting to note how little coverage this received and how it was so quickly erased.
@RA JO Lol so much hate, so little progress. How about you go reform the system instead of being a keyboard warrior.
@RenegadeElite101 I think that (if you know how to count) you’ll see that you initiated the trolling and that you’ve done far more of it.
@RenegadeElite101 Anger? How do you figure? I’m just pointing out his actions. Has nothing to do with my emotions. The guy is late to the party. He was shilling bonds at exactly the time when debt markets were clearly making the downhill dive after a 40 year bull run. No need to educate me on finance. He plays the shill well. I’ll give him that.
This guy and his wife crashed into another boat at night and then when the other boat rushed to shore to meet an ambulance with dead and dying people on their boat he accused them of fleeing the scene. Real class act
@The Fresh Prince of No hair a guy was in a boat crash, therefore his comments on America’s perilous and seemingly communist financial moves are incorrect? Please explain that.
@Anth C What crew is that? If you understood anything about America’s financial history you would know that this crew dates back to 1913. Go research that date, and come share with us here what you found.
@Anth C Right, I know what it says on Google.
O’Leary going on all of these shows as a “financial expert” is the ultimate red herring to distract from his role in fleecing retail investors at FTX.
I don’t know how these people keep bringing him on for interviews. He will continue his con talk forever. Fly to the Bahamas O’Liar!
What was his role? He literally admitted he looked like an idiot and didn’t due his due diligence. It was obviously only for the money, he got $15 million in ftx to be a brand ambassador and pedal whatever they said. Just went along with a blind eye.
In Kevin’s opinion, when it comes to honest hard working people’s money, they should let the “idiot management” burn their businesses to the ground by their decisions. Also, when an idiot millionaire endorses a Ponzi scheme, they should also just let him walk away. These guys are tough as long as it’s not their responsibility and money. Meanwhile, they welcome any government assistance with open arms when they are involved.
it is incredible they still interview this guy as he is an expert
Its cnn!
He is an expert at separating suckers from their money!
*as IF he is an expert
I still blame the FEDs for this, because in the end they benefit by either buying off the failed banks cheaper or something. The fed can print credit as long as someone will borrow it into existence, but they cannot print product (or production).
@Marco Polo Corinne really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
That is a very narrow mindset on a large subject of banking. Along with the expanding of electronic digital backing… And clearly a need for regulation and regulate Crypto with aggressive actions against the exploitation of such conditions. Seems she is right they put the entire economy at risk and yet they say their pro-business, ya pro-criminal mob-style banking. Yet and still giving out Bank Bonnus to bank employees while going under… ( WRONG ) and as completely wrong as the bank lobbyists giving pay bonuses and paying out off politicians…
In 2008 during the recession the Obama Administration put regulations into these types of banks so that there would be a certain amount of money set aside for this very reason. The Trump Administration and 2018 ended that regulation which would have prevented this from happening.
I lost over $50K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that’s what everyone said.
I’m still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market,
I’m really grateful I find one source to recover my money, at least $9k profits weekly. Thanks so much Mrs Cynthia M. Levi
please I’m new at this, how can I reach your broker?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
investwithMLevi💯
I am definitely contacting her, thank you
.The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I’m at a crossroads deciding if to liquidate my dipping 200k stocck portfolio, what’s the best way to take advantage of this bear market?.
Kevin is so right: Diversify. But she is right too: Check out a bank’s liquidity Rating too.
Buy puts
@Luca Greco lol stock, IRA’s etc have tanked in the last 2 years. Thank your wonderful president.
@Luca Greco stop trying to solicit your fake person that dont exist.
@Lucas Williams <<
Our time had reached its zenith, and it is now over. Everything not just banks collapsing, Stock including 401Ks, are suffering from the recession and crashes. My $750K retirement equity portfolio is losing money. Because of inflation, I keep losing. Similar to how Rome fell under its despotic emperors, this world will also. I apologise if you are considering retirement but are concerned that your pension won’t cover the rising expense of living. There are terrible foreign policies worldwide, as well as disastrous regulatory, fiscal, and energy policies.
Travel to countries where your money has a great value invest in real state and retire there.
Not the world maybe just the U.S. The future is in the East !
Seems like it’s just idiot bank managers just donating our deposits to some other fund, to up their ESC score.
SVB’s collapse hasn’t made anything better. I feel sad that even though I am investing, I don’t have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don’t know what to do at this point tbh, I need solid data on market trajectory
I’ll suggest you find a mentor or someone with experience to guide you especially in this recession
In fact, fiduciary counselors have access to private data sources and knowledge that is not generally available to the public. I generated about $560k in pure profits during the third and fourth quarters of 2022, with the help of my fiduciary-counselor. I’m hoping for more>
please how can i find the Counselor you mentioned’?
My Financial Advisor is “Christine Blake Mckale”. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow
I’m literally holding onto straws right now, so your tip couldn’t have come at a better moment! I planned to call her after doing a quick internet search for her.