ការសង្គ្រោះពីធនាគារ—តើពួកគេជាអ្វី ហើយហេតុអ្វីបានជាអ្នកជំនាញខ្លះនិយាយថា Signature Bank ហើយ SVB មិនបានទទួលមួយ

Topline

Silicon Valley Bank and Signature Bank collapsed over the weekend in an uncanny echo of the 2008 financial crisis, and though many experts note the Treasury Department’s plan to save depositors doesn’t constitute a bailout because it draws from insurance funds paid by banks—and not taxpayer dollars—others worry the implications could ultimately fall to consumers through economic consequences like inflation.

ការពិតសំខាន់

All deposits in the now-defunct Silicon Valley and Signature Banks will be fully recouped without using taxpayer money, the Federal Deposit Insurance Corporation (FDIC) បានប្រកាស Sunday with the Department of Treasury and Federal Reserve (Fed).

Banks that are low on cash or holding too many securities like Treasury bonds, which have ធុង in value following interest hikes from the Fed, can get year-long loans from the new កម្មវិធីផ្តល់មូលនិធិតាមធនាគារ, the Fed also បានប្រកាស ថ្ងៃអាទិត្យ។

The new loan program allows banks to temporarily exchange Treasury bonds and other securities with the Fed for their full value in cash, as opposed to their vastly diminished market value; the Fed will hold the securities as collateral and release them back to the bank after it pays back its loan.

លោកប្រធានាធិបតី Biden and hedge fund investor លោក Bill Ackman defended the measures Monday, saying that they protected the economy from further bank runs and credit freezes.

Biden, Ackman and លេខាធិការរតនាគារ Janet Yellen distanced the new policies from bank bailouts in the great financial crisis of 2008, where Ackman says taxpayer dollars were risked to save banks that made risky financial decisions.

According to Biden, the money will come from fees that banks pay into the Deposit Insurance Fund, and shareholders and unsecured debt holders won’t be protected under the plan, thereby avoiding any burden on taxpayers from a potential bailout, notes EY chief economist Gregory Daco.

However, some critics មាន still skeptical taxpayers will get off the hook consequence-free, particularly if the Fed’s loans increase inflation.

ប្រធានរិះគន់

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, argued in several tweets Monday that the expanded depositor insurance and bank loan fund are an ill-conceived bailout attempt that will still impact taxpayers. Schiff links to an អត្ថបទ on his website explaining that, while Silicon Valley Bank is no longer operational, the government’s actions still constitute a bailout because the FDIC expanded deposit guarantees to types of deposits that aren’t usually ensured, like mutual funds, and banks are being given access to money they couldn’t get in the market. Though the Fed isn’t giving the banks cash directly, says Schiff, អតិផរណា នឹងនៅតែមាន កើនឡើង ពេលណា​ លំហូរ​សាច់​ប្រាក់ into the economy after banks trade in their devalued securities. Even if prices increase for only a year—the longest loan offered—taxpayers will pay the price.

សាវតាសំខាន់

Silicon Valley Bank, the 16th largest bank in the nation by assets last week, was closed Friday after reporting a $1.8 billion dollar loss from the sale of devalued securities two days prior. Yellen, Biden and supporters like Ackman associate bailouts with charging taxpayers or decreased accountability for bank directors and managers who made poor investments. They argue the FDIC’s management of the situation doesn’t constitute a bailout because the banks were allowed to fail, senior management was fired and the depositor guarantee and bank loan fund won’t cost taxpayers any money. In traditional bank bailouts, like those in the financial crisis of 2008, failed banks are saved by FDIC and other financial institutions like the Fed and the Treasury. The FDIC, which usually ធានារ៉ាប់រង checking and savings accounts up to $250,000, can increase the types of deposits they insure, while the FED and the Treasury Department usually help the failed banks get enough capital to guarantee their deposits. Bank bailouts from 2008 are often negatively associated with ការលោភលន់របស់ក្រុមហ៊ុន because billions of dollars of អ្នកជាប់ពន្ធ money were used to save banks some perceived to have invested unethically.

លេខធំ

$245 billion. That’s how much taxpayer money the Treasury Department, FDIC and Fed ចំណាយពេល ការធានាចេញ រាប់រយនាក់ of banks that failed during the 2008 financial crisis. The institutions spent $200 billion investing in institutions like J.P. Morgan Chase, Goldman Sachs and Morgan Stanley. The FDIC ធានា Citigroup and Bank of America’s debt and deposits from large corporate accounts to keep investors from leaving and companies from defaulting on paychecks.

អានបន្ថែម

FDIC នឹងការពារប្រាក់បញ្ញើរបស់ធនាគារ Silicon Valley ទាំងអស់បន្ទាប់ពីការដួលរលំភ្លាមៗ រតនាគារបាននិយាយថា (ទស្សនាវដ្តី Forbes)

Biden Says Saving Silicon Valley Bank Helped Economy ‘Breath Easier’—-But Not All Experts Agree (ទស្សនាវដ្តី Forbes)

Experts flag moral hazard risk as U.S. intervenes in SVB crisis (Reuters)

អ្វីដែលត្រូវដឹងអំពីការដួលរលំរបស់ធនាគារ Silicon Valley - ការបរាជ័យធនាគារដ៏ធំបំផុតចាប់តាំងពីឆ្នាំ 2008 (ទស្សនាវដ្តី Forbes)