The Failure of the Silicon Valley Bank

The idea was that deposits would grow forever. But once finally, the banks got so selfish,. so greedy that even though anybody could make 4% by lending to the Treasury, the deposits thought, well, they're willing to leave their money here at 0.2%. And let us make all the money by paying them 0.2 and ending up earning 4% ourselves. The public really doesn't have enough sophistication to know that it has a choice. Once people begin to realize they had a choice, the whole system fell apart.