Why These Big Banks Failed
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Prayer for the U.S. Banking System
Why These Big Banks Failed
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Confused by the bank collapses and the word salad used to describe what’s happened? This excerpt explains the collapses and the federal actions in response.
From The Wall Street Journal. Two large banks failed within days. The government’s top financial regulators stepped in on Sunday. Is this the end of the story?
Who is praying on the wall?
Here are some questions and answers to explain the action that was taken.
What happened to Silicon Valley Bank on Sunday night?
Regulators including the Federal Reserve, the Federal Deposit Insurance Corp. and the Treasury Department said the depositors of SVB, which failed last week, would have full access to their money starting Monday. They also said they would protect all the depositors of another bank, Signature Bank, that was forced to close on Sunday.
What about federal deposit insurance?
In many cases, these banks’ deposits weren’t covered by the deposit insurance that is familiar to many individual bank customers. FDIC insurance typically extends up to $250,000 for a deposit. But SVB and Signature both had most of their deposits in accounts that were larger than that, such as corporate accounts. So they were effectively uninsured. …
Are all uninsured deposits now covered by government guarantees?
No. The regulators said they were making an exception for SVB and Signature. The SVB action was taken in consultation not only with many regulators but also with President Biden. …
That is a power that was used during the 2008 financial crisis. Measures such as this can be controversial, with some arguing that it creates what is known as a “moral hazard”—that by letting banks or their customers know the government will backstop them in a crisis, they will think less about risks. …
Does that mean other banks are still vulnerable?
The Federal Reserve took another action on Sunday, which was to establish something called the Bank Term Funding Program. What this will do is ensure that a bank that is holding safe assets, such as Treasurys or government-backstopped mortgage bonds, can bring them to the Fed and swap them for cash for up to a year. They could use that cash to grant customers’ requests for their deposit money. The idea is to help banks that run into similar liquidity problems as SVB to meet redemptions. …
How are you praying for our economy? Share this article to encourage others to pray.
(Excerpt from The Wall Street Journal. Photo Credit: Canva)
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Pray: Father, Your will be done in the banking system. We put You Lord over our finances, knowing that You will protect them in the name of Jesus.
Praying anything else might be opposite of His will. Our banking system is corrupt and He may want it to come down!
Let us give thanks to God that nothing comes to us without first passing by Him. There is nothing going on in this earth of which He is not aware. Let us come together in prayer requesting that many more become convicted of their need for repentance and acceptance of Jesus Christ as Lord of their lives. Let us all be aware and searching ourselves to make certain we seek His guidance in all matters. Let us also be aware of the time in which we are living to keep our main focus upon Jesus and His imminent return. No one of us knows the exact day when He will come but let us stand against the evil intentions of the wicked one being worked at by his followers. Let us stand in prayer & love for repentance of our leaders or their replacement by God fearing, responsible leaders in positions of power, these things in Jesus mighty and precious name, amen. Let us all remember that God the Father has not given us a spirit of fear but of power, love, and a sound mind.
Father, in the name of Jesus, I do not know how to effectively and fervently pray about these current failed banking issues but your word says your Holy Spirit will help me pray, so I trust your unfailing faithfulness to do what your word says you will do. Father, let your will be done in America as it is in Heaven. Father, there is so much political and financial corruption in our nation, power, wealth, and luxury are idols to many, and we ask that you help us repent on behalf of our nation for thilese sins, Father, convict all who need to be convicted regarding sins, poor decisions, carelessness, and lack of wisdom that contributed to this financial mess, Father, we ask that you take care of your people who were affected, and protect our nation overall from complete financial ruin. Father we have seen one national disaster after another during the Biden administration and it has been depressing and discouraging, and we ask you to intervene with Joe Biden, Father, visit him in dreams and visions and instruct him to fear YOU more than those pushing the New World Order, and Workd Banking system, Father prepare our next and future Presidents, Senators, Congress, and Govenors, fill those seats with moral God fearing people who love America, cleanse our nation from all political and financial corruption. We ask believing you honor your word and answer prayer and we thank you for that.
Heavenly Father, You tell us in Your word to be aware and pay attention to the signs of the times. You clearly tell us to not fear what man can do to us, but for us to keep our eyes focused on You! As we come to Resurrection Sunday, where we celebrate what Jesus- Yeshua did, let us remember Who You are: You are the LORD who provides; You are the LORD my peace; and You are the LORD who is present, just to name a few! Jesus You are our Deliverer! “You are the Deliverer who has come out of heaven. You are (our) rock and (our) fortress and (our) Deliverer, (our) God in whom (we) take refuge …(our) shield … (our) stronghold” Rom.11:26 & Psalm 18:2 No matter how this world tries to induce fear, let us find our Peace in the Rock of our Salvation ! ✝️
I remember that infamous line from the movie, “Cool Hand Luke”, when the warden said to Paul Newman who had craftily escaped the hard labor in the fields, only to be captured and brought back to the old southerner as he quipped to a beleaguered Luke in chains, “what we have here is a failure to communicate.” The great spiritual failure of our times is simply this: the greatest sin is when a nation or people asseverate quite flippantly and with utter arrogance towards our Lord that there is no sin. So it is with the scoundrels who run our government, banks, universities, businesses and institutions and a people who go along with the frenetic economy that is a one way ticket to financial ruin, poverty and hell. Pope Leo the Great in his great encyclical, Rerum Novarum, lays out with wonderful clarity and candor what responsibilities we all have to the Lord and one another and that the economy is made for the dignity of man and not vice versa.
I can remember when my Grandma Antoinette lived in a two bedroom apartment in Queens, NY and raised my mother, aunt and uncle while paying only $62 per month up until the Lord called her home in 1977. At least we had a sense of equity about what should be charged to our neighbors without bankrupting them and our nation only a few decades ago. The rich will never commiserate with and render the justice needed to the poor until they themselves are brought low to the ground and truly understand what it is to be totally dependent on the Lord’s grace. This patrician senate and house of representatives swollen with pride and having made millions of dollars off the backs of us working people should pay heed to the prophet Nathan when he told King David about a man who commandeered a little lamb from his neighbor and left the poor guy destitute. King David, infuriated at such gall and temerity, said, “I’ll put this wretched man to death for doing such a thing”. And then the reply by Nathan to David, “you are that man”, the judgment upon the King for committing adultery with Bathsheba and sending her husband to the front lines to be killed to get him out of the way for good. As Saint James says so explicitly in his epistle, “he who says he is without sin calls God a liar.” And what prodigious liars we have today in America circa 2023!
We finance the enemies of God don;t we.
Father God we are blesssed and thankful for all that You have allowed us to earn and use for Your glory. Please guide us to do well for your glory by how we use and what we use for Your glory and for the benefit of others to know you and be filled with the real treasure–Jesus Christ.
Oh Father,
Supernaturally turn this around
D. Your Word says the wealth of the wicked will. E restored to the righteous. Use it all for your glory. Amen
“Fear thou not, for I am with thee; be not dismayed for I am thy GOD; I will strengthen thee, Yea I will help thee; yea I will uphold thee with the right hand of my righteousness!”
I sense a lot of fear among GOD’S people! FATHER GOD please send YOUR angels to surround and protect and strengthen YOUR children for whatever battle we face now or in the future! I’m so grateful that in whatever situation we find ourselves in, we are already VICTORIOUS in JESUS NAME!
I know the FDIC will cover the $175 – $200 billion for SVB depositors and probably an equal amount for Signature. According to report FDIC only has $125 billion on the books. They have a line of credit of $100 billion And in an un usual situation $500 billion.
Two questions who holds the debt for that line of credit? And who determines it is an unusual situation?
Knowing that only deposits of $250,000 or less are guaranteed by the FRB, I wonder why people would invest way above that amount in any one bank. It seems to me that the wise thing would be to invest that amount with several different banks.
I pray for all the corrupt people at our financial institutions who continue to be helped by Federal bank regulators-let their eyes and ears be opened. Satan is laughing at the greed. Prayers needed for honest regulators to bear up under the weight of the corruption around them. I call out to God to protect whistleblowers who are guarding the gates despite the heavy burdens of working in this environment. I pray for those who are confused by what is happening at the Federal level that God would help them to see clearly and know that their God-given instincts are correct, and that this situation IS against everything the Lord is for. I pray more people will step up and not be aft=raid to speak the truth.
Father God we are getting glimpses of what is going on Father God whoever is behind us whether it be communist China George Soros Bill Gates or anybody that we are not aware of in the list is very long father God shake these people to the core of their soul where they can’t even think correctly I rebuke the devil and what the devil is doing father God it is almost the resemblance of the money changers that someone is changing the money system then the chip will be around the corner father God keep them at Bay for the god and your word it says vengeance is mine saith the Lord may they understand you are Almighty all powerful and above all in Jesus name I pray
We know that Satan is behind all activity that involves killing, stealing and destroying. Let’s pray against what he is doing through the banking system. We can’t be distracted by what is seen but what is hiding in the background. Lets take our authority and stop his activity through weak people who easily get confused and persuaded to make foolish decisions. Isn’t that what we are taught to enforce what Jesus did for us? Bind the enemy from his activities to steel and destroy. We know we have deceived people in high government places being lead by evil spirits. It is our place to pull the strongholds down and crush Satan’s plans. Jesus gave us the authority to ‘manage’ this world and when we do then He can carry it out. Isn’t it a wasted pray to ask Him to do what He told us to do? The Socialists (guided by Satan) what to take over in every area – education, health and the banking system, etc so they can be in control of the world. Please let us join together and stop Satan’s plans to succeed.
Yes and Amen!!!
There is a group connected with George Soros who satan is using to manipulate government leaders who have an agenda to financially break America because if it collapses they have a much stronger shot at their one world agenda.
BUT GOD…through His People have a better plan. We must be in agreement with Heaven’s agenda.
This is a continuation of the government’s attempt – along with Soros, Schwab and the other god-wanna-bes, to destroy the U.S of America. Like they did with Venezuela, and are still trying in Brazil. They knew it would be more difficult with America, and they have been planning this for a long time.. They are now on downhill success. They are destroying our children, murdering more babies. Stealing elections and have taken over our universities and now financial institutions. The devil and his demons are in control of much of everything. Pray and fasting are the greatest protection, but if this is God’s will for all the sins that have been, and are being done against Him, then His will shalll prevail. Prayer and fasting.
Banks & stock market crashed before! In 1929! Plunge USA into GREAT DEPRESSION! Unfortunately, we have learned NOTHING. Only back then, the Fed. GOVT DIDN’T BAIL OUT BANKS, OR COMPANIES! people had to rely & trust God! Nowadays, Fed. Govt thinks they’re God!
Father, my prayer is Not with eloquence, but is a prayer from His child, to Her Father. A simple prayer for Your Mercy over Your children, Even though, I know Daddy God, we truly Don’t deserve it! I am asking and believing for more time for those who are to come into your fullness, for You to show Yourself off, in All Your Awesomeness of Love and compassion, for This lost and dying world. For Your love is SO Great, and we who know and love You, Are forever Thankful for that Love, Your Love.
Amen. How thankful I am for God’s love and care.
When the federal government comes to “save” the banks, they take them over. Especially this administration.
A very wise man shared, about a year ago…..
‘Don’t fear the shaking, just think differently’
I have it posted all over my home. It has kept me focused on God and His plan.
Good idea! Thanks for sharing.
Wake up world, can you not see Gods warning to stop sinning and repent from our wicked ways? We are his children (and as parents to our children) and he is punishing or spanking us for our sins. Would you not correct your children for misbehaving?God is trying to correct us and want us to stop sinning.
no you are incorrect. the devil is attacking. you need to read your Bible. Jesus came to save not hurt. Jesus came to heal not punish. We are forgiven of our sins. Romans 8 says there is therefore now no condemnation to those who are in Christ Jesus. The devil comes to still, kill and destroy. Jesus came to save!
So in the Old Testament, you are saying that in Ezekiel God did not punish Israel for there disobedience? Please read your Bible.
Yes Mary, but a loving parent also corrects a child when they are choosing the wrong direction or making harmful choices. It’s out of love that the Lord corrects us, his children. He’s not doing it in condemnation. He’s doing it to wake us up and hold us accountable to the lifestyles and choices that we are supposed to be choosing, in Christ.
Yes Mary, GOD was willing to not destroy Sodom and Gomorrah if there were 10 righteous men! There are thousands upon thousands of righteous who are praying the WORD of GOD and trusting and believing GOD for HIS deliverance! People often speak their fear and put their own doubt and unbelief and fear in their prayers! I have read the Bible through from cover to cover many many times and what I know is to trust GOD in all situations knowing that “all things are working together for our good!” Yes GOD destroyed Sodom and Gomorrah; yet HE kept the righteous alive! HE destroyed Pharoah’s army; yet kept the Israelites alive! And on and on! GOD cannot be put in a box, and I trust HIM implicitly to ALWAYS take care of me! Thank YOU FATHER GOD for always taking care of us when we trust YOU with our whole heart in JESUS NAME! Amen!
There are more and more coming in to the fold… but so many don’t want the struggles they start getting bombarded with because satan does everything he can to turn them away from God.
We must pray for new converts to understand that becoming a Christian comes with a price, but we don’t need to go it alone… far too many times the Church has gotten people saved but didn’t carry through with teaching them that Holy Spirit will help through each and every trial and hardship, bringing us out to the other side stronger in our faith.
The Church as a whole needs to be open and up front that being “in the army of The Lord” IS about being in BATTLE… a spiritual warfare battle.
But WE WHO BELIEVE JESUS PAVED THE WAY ARE ON THE WINNING SIDE!
HALLELUYAH!
Neil, I’m not wicked, and I know how to repent and trust GOD; so what would GOD be punishing me or those like me for?
romans 3;23 matthew 25;46 hebrews 10;29-30 psalm 1 1-6 hebrew 12 ;17 luke15;7romans2;4
I read in my devotions yesterday that “worry” should not be a part of our make up. it sighted the importance of staying focused on Christ and being thankful for all the many blessings we have and how our Lord and Savior is mindful of our needs. Of course we need to be able to pay our debts so money is the way obligations are met. I join in the praying for our banking systems that good judgement prevails as we travel this road.
I don’t truly have the ability to get my head around why banks fail. I know that a financial collapse has been predicted to happen in this country. How many banks can the government bail out?IHOPE AND PRAY THAT WE DON’T HAVE TO FIND OUT! Lord Jesus, we put all of our hope and faith in You. you alone know what the future holds, where our banking system, and economy, are concerned. We cry out to You, to keep our economy from collapse. We pray that you give our leaders wisdom, guidance, and direction. In Jesus’ mighty name.
I am praying for our country and the economy.
However this seems very suspicious. Please address the risky and poor investment decisions these banks made in Crypto and tech companies. It appears to be another scam bailout by this administration to its donors.
1Timothy 6:17-18
Proverbs 3:5&6
Dear Father of our Lord Jesus Christ give us a spirit of wisdom & revelation to know how to pray, what to do regarding our national economy, all the way down to our personal finances. Help us to recall You have NOT given us a spirit of fear! Help us build our TRUST in You and walk of faith—that we lean not unto our own understanding! Give us, dear Lord, the reminder that You alone are our Solid Rock Foundation whenever we are tempted to slip out of deeply trusting YOU.
In Jesus’ name I ask this.
Carolyn, that is really good. He will never leave us and He will never forsake us. These are trying days but we are on the victory side because of our King Jesus.
Only if we are remorseful and repent. Ask God for forgiveness.
The Ekklesia HAS BEEN remorseful and repentant on behalf of this nation for the past 3 years, just as many of the prophets and leaders of OT times were standing in proxy for the nation of their times.
God wants us to focus on Him and His Mercy and Grace.
Sadly there are still many inside and outside the church who still don’t get it… and have not been brought to their knees yet.
God will still do a shaking in them… but we who have repented for ourselves and in behalf of our nations must now trust God at His Word to supply ALL of our needs according to His riches in Glory.
Our
In God I trust.
The earth is the Lord’s and everything that is in it. That includes the currency. Man can not overstep God!
He is the winner that lives in me!
Glory to God! He is greater than all of the evils combined! Amen and it is So!
Our prayer should not be one that helps us succeed but one that give you the glory. We once sought to be one that reflected your light but now we come to you begging for success in an effort that would glorifies men in their shameful deeds. We once built a country that was a beacon for the world and now be pray for the power to lead us farther into darkness. Shame on us. Deliver us from evil as we pray for guidance that we lead us home.
The United States of America has been walking “on the edge of a steep cliff” for some time now. WE ALL KNOW—If you get “to close to the edge” YOU WILL FALL OFF………..
“Humpty Dumpty sat on a wall—–Humpty Dum had a Great Fall…….All the King’s Horses and all the King’s Men Could Not Put Humpty Back Together Again…..”
The BiBLE says: “All nations who forget GOD will be turned into hell.”
I heard a cousin of mine (who is now deceased) say years ago: “Don’t worry about the Government—they will take care of Everything.” When he said that, cold chills ran up and down my spine, and I thought—How foolish can you be…….
It is up to WE, THE AMERICAN PEOPLE, to GET RIGHT WITH GOD—AND STAY RIGHT WITH GOD—THEN WE WILL HAVE POWER IN PRAYER……and If we ever needed Power in Prayer—–IT IS NOW.
Another turn toward digital currency.We know the end of story.Revelation story.
Thanks for your explanation.. Prayer is certainly needed!
Amen