AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
What Are You Watching for Next?
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.