👟🏀 “Air Money” — Michael Jordan’s sneaker record. SVB’s Smokey the Bear. Ryan Reynolds’ T-Mobile triumph.
The Best One Yet
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Smokey the Bear - The Next Silicon Valley Bank Fire
Sally Kohn: We need Smokey the Bear to prevent financial fires. She says Silicon Valley bank invested in a huge portfolio of long-term government bonds that had low interest rates. The second fire risk was uninsured money, which made S.V.B. vulnerable to a bank run just like dry forest Tinder would be if it caught on fire. Kohn: If nothing changes after Silicon Valley bank, then a big bank monopoly will grow.
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