2min chapter

Plain English with Derek Thompson cover image

Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?

Plain English with Derek Thompson

CHAPTER

Is It a Coincidence That the US Is Overbanked?

I think silver gate failed first. The central bank, I would not call a crypto bank, they're actually weirdly, they're sort of an on bank. They really were the bank of like the New York mercantile class. So they're a very strange bank. Is it possible that maybe the US is just overbanked in terms of just having way too many banks? Maybe we should only have too big to fail banks.

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