The Seen and the Unseen - hosted by Amit Varma cover image

Ep 323: SVB, Banking and the State of the Economy

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Twitter War in 2008

42 million dollars were withdrawn from Silicon Valley bank in one day. That's just the worst run on a bank that has ever been recorded in human history. This was a Twitter run, says Amitai Etzioni. The speed at which these things are happening now make conventional models of how finance operates completely out. So all our traditional conceptions about the stability of bank deposits need to be revisited in this world.

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