Financial Heresy cover image

How Banks Really Work - and Why They Fail

Financial Heresy

00:00

The Domino Effect of the Federal Reserve and the White House

White House stepped in to guarantee deposits at Silicon Valley Bank, even though 90% were above the threshold of being guaranteed. People start moving all their money to banks that they perceive as too big to be allowed to fail. A very easy fix for this whole thing would be to separate deposit banking from the financial system here and centralize it.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app