to get a lot worse because these regulations are going to be increased after what happened to silicon valley bank are going to make most of these regionals unprofitable. do you agree or disagree with that? well i can tell you there s many ceos and regional banks will really disagree with that. and i know some of them. i think one thing is you ve got you know, the 250 k that he s talking about in the f d i c insurance. if there is a co owner, it makes it 500,000. each depositorets to 50 to 50. i think there is a place for the u. s bank, local regional banks for the community. do i think his statement of like, well, some will fail. sure, there s all banks will certainly fail. but the regional banks are very meaningful to small business owners. in certain places. look in oklahoma. you look in texas go look at it. they can and serve the consumer and customer much better in that community, then bigger banks now bigger banks right now, fred they had an increase of that float. they have no ch
yes. i was going to find a way to do that. and, of course, with the 250 k that was insured by the fdic, that was going to be the first order of business. so, i communicated that my team on friday. but beyond that, i did not really know much else. and so we started actively planning around the worst-case scenario just to be as prudent as possible. has this changed how you run your business now in terms of where you keep your money? you split up among various banks? yeah. so, as a first time founder, it s been an incredible learning journey. of course. and this was probably the biggest one of them all. i think, going forward, we are absolutely gonna be thoughtful about how we re storing our funds. so, diversifying so you are thoughtful. this is the last thing you think could happen, right? i mean, i have never even imagined that this would be something i imagined i would worry about. when i deposited our funds into svb, i did not blink an eye. and it was the recommendatio
signature 2000. steve: it is catchy. and that s the signature bank. two things we learned last night about silicon valley bank, they didn t have a chief risk officer for several months last year and their board members didn t have a ton of investment banking experience. but, they did have experience donating to and working for high profile democrats. kate mitchell donated 50 k to hillary clinton s 2016 campaign. darren stag lynn donated $135,000 to democrats. that included 79,000 to hillary. 10,000 to biden. 79,000 to clinton and $35,000 to observe. mae miller on the board did work for obama at the treasury department.
to give a bit backi to give a bit back. let s ust get it out there. i to give a bit back. let s ust get it out there, share i to give a bit back. let s ust get it out there, share it i to give a bit back. let s ust get it out there, share it asi to give a bit back. let sjust get it out there, share it as much i to give a bit back. let sjust get| it out there, share it as much as you can and let s hit 50 k at least, thatis you can and let s hit 50 k at least, that is five times more what we did last year, so it is go big or go home. . ., . last year, so it is go big or go home. , . , ., ., , ., ., home. reese and his team only have a few weeks to home. reese and his team only have a few weeks to sell home. reese and his team only have a few weeks to sell all home. reese and his team only have a few weeks to sell all the home. reese and his team only have a few weeks to sell all the trees, - few weeks to sell all the trees, enough time to buy the toys and get them to father c
share it. share it as much as you can. and let s hit 50 k at least. 50 grand s five times more than what we did last year, so it s go big or go home. rhys and his team only have a few weeks to sell all their trees. that will leave enough time to buy the toys and, of course, get them to father christmas on time. jacob tomlinson, bbc news. two and a half thousand naked volunteers have posed in the early morning light on sydney s bondi beach for an artwork designed to raise awareness of skin cancer. it s the photographer, spencer tunick s, latest project aimed at encouraging australians to get regular skin checks. the volunteers, of all body shapes and skin tones, represented the number of people who die of the disease the artwork required legislation to be changed to allow public nudity for the first time on the beach. don t forget you can get