Silver gate was exposed as a large banking partner of FTX. There was a lot of credit concern about it and large partners began to walk away with it. The FCIC does not have actual dollars to backstop everyone. What they need to do is make sure that even though it's I can't even say 100 years now, it seems to be like every 15 year crisis that they can do something that have enough force to stop it.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode