SVB collapse shows there’s no safety in government bonds
Debunking Economics - the podcast
00:00
Bankruptcy - You've Got to Do Something
SBB's total assets for 2021 were $211 billion. That itself was a 83% increase on the year before. In 2020, the year before, they'd also seen a 63% increase from 2019. So I mean, this is a phenomenal rate of growth. A bank has to have positive financial assets. Assets must exceed its liabilities. Otherwise, that's the definition of bankruptcy for a bank. And because they are, that is actually enforced.
Transcript
Play full episode
