The Fed has made a move and it's essentially helping other banks protect their balance sheets. So we have known that Silicon Valley Bank was functionally insolvent since November, at least. And so they left themselves no real outlet by virtue of buying a bunch of assets that had long durations. The two crypto banks are an entirely different situation.
Just because the "Oracle of Omaha" has been quiet lately doesn't mean he isn't sizing up his next big buy.
(0:21) Bill Mann discusses: - The latest CPI numbers and the current state of play in the banking industry - One bank that fits the description of something Warren Buffett might be interested in - Meta Platforms announcing another round of layoffs
(14:58) Sanmeet Deo and Tim Beyers face off against one another with stocks they believe are a better buy right now.
Companies discussed: FRC, SCHW, SIVB, PNC, META, XPOF, MNDY
Host: Chris Hill Guests: Bill Mann, Sanmeet Deo, Tim Beyers Producer: Ricky Mulvey Engineers: Dan Boyd
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