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Podcast: Why Is This Happening? The Chris Hayes Podcast
Episode: WTH Happened at Silicon Valley Bank? with Mike Konczal
Description: Silicon Valley Bank’s recent failure marked the second-largest bank failure in U.S. history and the largest since the 2008 financial crisis. The run on the bank sent shockwaves through the financial world. Nearly 94% of its total deposits were uninsured, according to S&P Global Market Intelligence data as of year-end 2022. The series of events leading to its demise have been described by some as the perfect storm. Was it the result of Trump-era rollbacks of Dodd-Frank regulations, increased rate hikes, insufficient risk management, or a combination of factors? Mike Konczal is director of macroeconomic analysis at the Roosevelt Institute, wh...