What goes up, must come down. Unless you’re a banker. In which case it’s up, up and away with bailouts and low interest loans! Today’s episode is an accessible explainer of the unfolding banking crisis. It explains the basics of banking business models, where certain banks have exposure, the regulatory environment and some predictions as to what happens next. Hopefully, you walk away with slightly more insight into the current crisis, why it’s happening and what’s at stake.
Chapters:
Intro: 00:00:30
Chapter One: All for one, one for all. 00:02:37
Chapter Two: Mark to Market. 00:06:36
Chapter Two and a Half: Fox Never Wastes a Crisis. 00:13:15
Chapter Three: What comes next? 00:15:31
Post Show Musings: 00:20:44
Outro: 00:30:48
Resources
Forbes: What To Know About Silicon Valley Bank's Collapse—The Biggest Bank Failure Since 2008
Forexlive: The hold-to-maturity problem is a real headache. The only remedy is stable deposits
Lyn Alden: March 2023 Newsletter: A Look at Bank Solvency
UBS: US bank turmoil: FAQ and investment implications
Wikipedia: September 2019 events in the U.S. repo market
Axios: The story behind Founders Fund and the run on Silicon Valley Bank
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The Fed and Inflation: The stories we tell.
Show Notes [Ep 88: James Earl Carter (Epilogue).]
James Earl Carter (Epilogue).
Show Notes [Ep 87: James Earl Carter (Part Three).]
Spy Balloons: The ultimate distraction.
James Earl Carter (Part Three).
Show Notes [Ep 86: James Earl Carter (Part Two).]
James Earl Carter (Part Two).
Show Notes [Ep 85: James Earl Carter (Part One).]
The (Fake) Debt Ceiling Crisis: The GOP’s Dangerous Gamble.
James Earl Carter (Part One).
Big Tech Layoffs: The Madness of Capitalism.
Show Notes [Ep 84: Who To Trust In Media + Topical Cream 7: Airline Crisis]
Airline Crisis: Why Is the FAA Failing Under Buttigieg?
Who To Trust in Media.
Public Education: Parts One, Two, and Three.
Show Notes [Ep 82: The Black & Jewish Divide in America + Quickie 14: How New York F*cked the Country.]
Phone a Friend: John Kane of Let's Talk Native.
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