
Political Gabfest: Go Ahead, Call It A Bailout
Slate News
00:00
Is the SVB Bank Really Taking Risks?
SVB was a bank that lent a lot of money to startups. When the Federal Reserve started raising interest rates, it hammered the price of those bonds. Then people started to get anxious when the bank announced that it was having these problems. "We had a classic bank run in which different clients of the bank were worried," he says.
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