The FDIC's Invocation of the Systemic Risk Exemption

Reggie: How was the FDIC able to step in with the SVB and ensure uninsured deposits? And has that ever happened before? Reggie: We should think about what happened to SVB as a very unique case. He says many Fintechs basically just jumped in to help clients who weren't able to get their deposits out in time or were looking for another answer. Reihan Salam: What Mercury and Brax built, I don't want to minimize their role because they excel at it.