410- Silicon Valley Bank
InvestED: The Rule #1 Investing Podcast
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Is It a Classic Traditional Bankruptcy?
CNN's John Sutter says Silicon Valley bank collapse is a classic traditional banking collapse. It happened because interest rates are way better for a very safe investment someplace else, he says. He compares it to the movie "A Wonderful Life," in which Jimmy Stewart takes over a small bank and tries to keep people from taking all their money out at one time. The run of a sorts on the bank was caused by fear rather than actual lack of cash, Sutter says. 'This is as a bank starts to have problems paying you off'
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