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Podcast: Bulls, Bears & Blockchain
Episode: SVB Banking Collapse: B3 Sunday Live
Description: The second largest bank failure in US history is occurring with Silicon Valley Bank. This will have massive repercussions, and people are talking about what it means for the market. The bank went down because it was out of balance with its actual balance sheet versus the fair market value of its assets. There has been a huge run on the bank, and now the FDIC may hold the bank. However, the issue is with the depositors who have an unusually large amount of money in this bank, which needs to be taken care of. The FDIC is being clear...