A Real-Time History of the Crypto Banking Crisis, With Austin Campbell
The Breakdown
00:00
The Cryptoneness of Silvergate
In many ways, the cryptoneness of the whole thing was distracting people from the bigger underlying issue. So let's talk a little bit about that larger phenomenon. The duration mismatch as well as sort of interest rate risk. And then let's talk about to what extent during the zero interest rate policy period, banks almost had to move farther out in duration because there was the only way to get yield.
Play episode from 17:26
Transcript
