How Silicon Valley Bank Collapsed ft. Joseph Politano
The New Liberal Podcast
00:00
Silicon Valley Bank Collapse
The collapse of Silicon Valley Bank is like, we bought treasuries and then we forgot that the Fed was obviously going to raise rates, which they telegraphed years in advance. Like it's the stupidest possible mismanagement I can think of - somehow you fucked up holding treasuries. But he says this isn't as bad as some people make out because these are "the safest assets known to man"
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