#403: Dissecting the Banking Crisis with Parker Lewis
TFTC: A Bitcoin Podcast
00:00
Is This What Forces the Fed's Revert?
Each time, each passing financial crisis, they have to do something crazier. And what they did yesterday was insanely crazy. The fact that they stepped into to backstop all insured and uninsured deposits because the thing was Silicon Valley Bank was that like 93% or 94% reportedly of their deposits were uninsured. That was crazy too. But then kind of if we go back to the financial crisis of 2008, they started QE with just treasuries and then they expanded that to mortgage backsecurities. Like basically the leaky ship was bursting at every at every seam and they had to buy every form of credit out there.
Transcript
Play full episode
