Jacob Goldstein is the author of Money, the True Story of a Made Up Thing. He says bank runs happen because not all deposits in American banks are insured or guaranteed. The Fed has the ability to save depositors at any bank it wants but when is that appropriate? "As a measure, always great talk," he says.
(0:21) Jason Moser discusses: - UBS buying Credit Suisse for $3.2 billion - The ripple effects of everyone checking with their bank - Why Amazon's latest layoff announcement has him looking at the revenue-per-employee metric
(13:58) Ricky Mulvey catches up with Jacob Goldstein, host of the podcast "What's Your Problem?" to talk about bank runs, why they happen, and how businesses could potentially prepare for them.
Companies discussed: UBS, CS, AMZN, SIVB
Host: Chris Hill Guests: Jason Moser, Jacob Goldstein Producer: Ricky Mulvey Engineers: Dan Boyd
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