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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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News
Transcript
00:00Just yesterday, the regulators announced that there will be a bailout for SV Bank,
00:04and this is extremely good news considering how many of their clients and startups were
00:09potentially going to get hurt. Before this bailout, the FDIC gave workers only 45 days
00:14of full employment, and for clients, they would only get access up to the FDIC insurance limit
00:20of $250,000, but anyone who had more was only getting a certificate of receivership,
00:26basically an IOU with no other guarantees. That would have affected 97.3% of their clients,
00:33which were not fully insured. Thousands of startups and their futures were potentially
00:37on the line, but as of today, all the funds will be made available for withdrawal.
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