In this week’s episode of the Plutonomix Podcast, Barnaby Levin and Laurie Kamhi focus on the fall of Silicon Valley Bank and its impact on the industry. They discuss the factors leading to the Bank's demise, starting with poor judgement on the part of Leadership when investing Clients' On Demand Deposits. Barnaby and Laurie then explain how this and the failure of the Bank's Auditors has compromised trust -- in the Industry and the Federal Reserve -- and (hopefully) a few lessons we've all learned from it all.
TIMESTAMPS
[01:41] Credit Suisse and The Fall of Silicon Valley Bank
[04:03] When Things Started to go Wrong - and Who was to Blame
[12:04] FDIC Insurance and the Bank Deposit Program
[14:37] The Role of the Federal Reserve in Maintaining Financial Stability
[16:19] Dealing with the Financial Turmoil by taking a Pause and Raising the Limit
RESOURCES
