03.23.23 Bank Failure Update - What YOU Should Do / SAVE On Streaming TV

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 23 March 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Panic has turned to confusion in the wake of the SVB failure. Clark summarizes how we got here, how it differs from 15 years ago, and how the moral hazard in the system should be fixed. Clark breaks it down to 2 key points, and what individuals and businesses with funds greater than the quarter million FDIC limit should do going forward to secure their funds. Also, Clark tells you what’s behind the big streaming service increases and your alternatives. With market changes come new opportunities. If you’re willing to adapt and experiment you can save so much money - with more content than you can watch. Bank Failure Update: Segment 1 Ask Clark: Segment 2 SAVE on Streaming TV: Segment 3 Ask Clark: Segment 4 Mentioned on the show Midmarket Firms Re-Evaluate Regional Bank Risk Following Crisis NYTimes.com: Two Big Ideas for Preventing Another Banking Crisis Experts, banks look for ideas to stop next bank failure The forgotten rescue plan that could prevent another SVB-like collapse Fed to Consider Tougher Rules for Midsize Banks After SVB, Signature Failures - WSJ. SVB is the first social media bank run in history. Banks Trade Relief Now for Regulation Later - The Wall Street Journal. Yellen Says U.S. Ready to Protect Smaller Banks if Necessary Certificate of Deposit Account Registry Service CDARS How To Open a Roth IRA Custodial Roth IRA: How And Why To Start A Roth IRA For Kids Turbocharge your child's retirement with a Roth IRA for Kids Clark.com: YouTube TV Raises Monthly Rate for First Time Since 2020 Clark.com: 5 Cheaper Streaming Alternatives to YouTube TV Best Free Streaming Services in 2023: Movies and TV for Cord Cutters Clark.com - STREAMING TV 4 Things To Know Before You Buy a Digital TV Antenna Submit a complaint | Consumer Financial Protection Bureau Automatic Bill Pay: How It Works and How To Do It Safely Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is my pleasure to have you with us here on the Clark Howard Show.
0:09.2	Our mission is to serve you and empower you so you make better financial decisions in
0:14.3	your life.
0:15.3	It's been almost two weeks since the failure of Silicon Valley Bank, there are other smaller
0:21.4	bank failures.
0:23.1	And today I want to talk about the questions that keep coming at me about your concerns
0:31.0	about the safety of your money in your accounts.
0:36.0	And this is true for both wealthier individuals and most business owners have times that
0:43.5	you bump up against them.
0:44.5	It's going to talk about that.
0:47.0	And later, cost a TV, keeps going up and down at the same time.
0:54.7	How could both things be true simultaneously?
0:57.5	We're going to talk about it because it's key to you stretching every dollar and we're
1:04.9	going to talk about your alternatives.
1:07.7	So right now I'm going to talk about the banks.
1:11.2	Several weeks ago there was actual true panic going on and today I'd say there's confusion.
1:20.2	Where are we headed with this?
1:22.5	Truth?
1:23.5	Nobody knows.
1:25.6	Nobody knows because there are stressors in the system.
1:30.5	Plus, there's still real insecurity about the safety of banks from what happened 15
1:39.9	years ago with the banking scandals.
	...

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