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E120: Banking crisis and the great VC reset
All-In with Chamath, Jason, Sacks & Friedberg
The Six Parties to Blame for the Banking Crisis
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The question of who you blame for this banking crisis has really become a political rorshock test. And I've seen that there are six different parties that people want to blame in this situation. There's some merit to all of them, but the degrees are very different. The combination of poor risk management with the spiking interest rates basically has precipitated this larger problem. It could have started six months earlier and it could have been more gradual.
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