
Episode 126: The 1946 Naperville Wreck
Well There‘s Your Problem
00:00
The FDIC Takes Over Silicon Valley Bank
Silicon Valley Bank was very, very heavily leveraged into one sort of narrow and very stupid kind of money venture capitalists and their coolish projects. The Federal Reserve made the economy slightly more real by kicking interest rates up a bit. And all of the shit fell over like instantly; everyone knew it was going to take out weak companies.
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