The US Banking Crisis

SVB, Silvergate, Wells Fargo; what’s going on with all these US banks failing? Its all related, kinda. Well, not really. But it sort of is. When you have money in the bank, but you spend more than you have on hand, you go into overdraft, right? And you’re charged a penalty for however long it takes you to recover the funds. Well, what happens when the bank ITSELF runs out of money? That, my friends, is a CRISIS. Silicon Valley Bank was a solid and trusting institution for tech startups since before the internet even existed. And they saw their stock prices plummet more than 60% in a single day, and had their funds in federal custody in less than 48 hours. How could they possibly have gone so wrong? Tune into The US Banking Crisis and find out. Written by: Cory Robinson Narrated by: Grant Kellett Edited by: Gonzalo Lugo For copyright matters please contact us at: [email protected] CHAPTERS: 00:00 Intro 00:19 SVB - Seriously. Very Bad! 02:34 Snowballs and Avalanches 05:18 How Sway? 07:11 Now What Did We Learn? 09:43 Outro