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Banking, Inflation, and Government Spending: Amanda Lang and Kevin Carmichael

The Herle Burly

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The Second Shoe Dropping

Amanda and Kevin, thank you for being on the Hurley Burley to run through all this stuff with me. Let's start with these bank failures and bank issues that are going on around it all. It all started with the failure of a bank I'd never heard of before called the Silicon Valley Bank. What happened there and why did they have to bail out the depositors? Amanda could probably give a better answer, but I'll try to give a concise one. One, bad management. The management made some mistakes. They got the bank in trouble. Its clients became edgy. And effectively, the management couldn't get a credible plan together fast enough to beat all the depos

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