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Banking, Inflation, and Government Spending: Amanda Lang and Kevin Carmichael

The Herle Burly

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What Happened Inside Silicon Valley Bank?

David Frum: Credit Suisse's problems are not the same, but they may be related. He says banks got accustomed to rates being low forever and didn't realize how high they could go. The bank had a whole bunch of stuff that it could sell - safe government bonds which were now underwater. Frum: If there have been like eight or nine more hours of depositors just sitting tight, the whole thing might have gone away.

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