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Breaking Down SVB, Silvergate, Signature Bank and Their Impact On Crypto w/ Axios Finance Reporter, Felix Salmon l Overpriced JPEGs #144

The Carly P Reilly Show

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Is This a Speculative Thing?

Both these banks were in this situation where they had these long term assets on their books, specifically like T bills and maybe some more back securities that had lost a lot of value. And then they were both very dependent on a particular industry in Silvergate's case, of course, crypto in Silicon Valley,. Both those industries were doing very poorly. So you had this perfect storm of depositors pulling money and the their books being super devalued.

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