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Pod 19: Silicon Valley and Signature Bank Collapse, Regional Bank Crisis, The Fed's Response, CPI, and New Fed Policies for Markets

Unusual Whales

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How Did We Get Here?

Since Thursday of last week, three US banks have collapsed with Signature Bank and Silicon Valley Bank making the second and third largest bank collapses of all time. The Fed has created emergency procedures to backstop these regional banks. I think the Fed's been looking for an excuse to pause and to take a look for some time. That said, I think the thing they've wanted most of all is for speculation of markets and for some of the fraud in markets to come out.

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