I think Silicon Valley Bank was a viable and lucrative bank that was worth what, like $20 billion a few weeks ago until they made a couple of stupid investment decisions. The Fed's could have been much more aggressive and it could have nipped this problem in the bud. Now I think the situation is we have to be concerned not just about SVB, but I already know of at least one other bank,. I don't want to say the name, but the runs have already started.
UnHerd's Freddie Sayers is joined by PayPal co-founder David Sacks to examine the fallout from the collapse of SVB Bank.
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