
The Mother of All Bubbles is Popping [PART 2]: Bank Failures, Contagion Risk & Coming Credit Event
Hedgeye Podcasts
The Fall of the Knickerbocker Trust Company
The collapse of two brokerage firms and then depositors in financial institutions that were deemed to be related to these insurgents began to run on those banks. The runs spread to the very large trust companies of New York. JP Morgan, who was attending a church conference in Richmond, Virginia, is urged by his firm to commence deliberations about what could be done to quell the crisis.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.