Weekly Roundup 03/17/23 feat. Alex Thorn (Bank crisis, Fed makes $2T available, Signature mysteries) (EP.406)
On The Brink with Castle Island
Silver Gate - Not Crypto Must Be Saved at All Costs
First republic has secured 30 billion dollars in deposits from 11 banks. Rich New Yorkers rely on this bank. It's got to be the feeling of a lot of people right now. First republic that's not doing any crypto stuff, they get the lifeline. They get saved. Meanwhile, just shut down the crypto bank. Yeah. And so silver gate getting also have questions about to be honest with you. We still don't have good answers on the federal home loan bank. There's questions there, but signature, much larger bank, five times bigger than silver gate. In New York bank, they went to property landlords, high net worth individuals in New York. They weren't strictly a
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