
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.
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Transcript


