Big Take cover image

The Banking Crisis Is Opening a New Chapter of Capitalism

Big Take

00:00

The Library of Mistakes

James Grant: Regulators were charged with seeing the trees, but not the forest. He says Credit Suisse and Silicon Valley Bank had a lot of capital on hand. But they didn't look at one part - investing in fixed rate government bonds. It's like an old-fashioned bank run if suddenly all your people want their money back.

Play episode from 03:15
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app