AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#1177 Caitlin Long On Bitcoin & The Banking Crisis
The Pomp Podcast
Why the FDIC Shouldn't Guarantee All Bank Deposits
Silvergate had 13.3 billion of deposits that could be withdrawn within the span of minutes, and it had 1.4 billion of cash. The Fed blocked custodia's business model six weeks before the bank runs, which was exactly that, a payment bank that was sitting 100% in cash. And now we're seeing calls from all kinds of mainstream places for exactly that.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode