The feeling becomes like they're playing as you said, playing with funny money. It's like, huh, this isn't my money I have to worry about. So now I can worry about causes. And in my opinion led to the downfall of that particular bank, but also the problems we've seen in multiple other investment banks. There are some very well governed, well run, small retail banks, community banks that happen to be publicly traded and yet have not fallen victim to this kind of cycle.
What happens when banks have growth as their priority? With the current instability, what can the public vs private sector debate tell us about our financial institutions?
When leadership is beholden more to shareholders than to their patrons, it can lead to wildly different outcomes regarding the security of their customers’ assets.
This week, Phil and Danielle continue to analyze the recent bank failures and discuss some of their problems with the structure of current financial systems.
For insight into how you can better research your next investment, get your copy of The Value Investing Cheat Sheet: https://bit.ly/3Z8PXdw
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