
Bank failure or culture war?
People vs Algorithms
00:00
Silicon Valley Bankruptcy
Silicon Valley Bank collapsed late last week and it was a classic bank run. Some people made some bad bets because they assumed that the risk that basically didn't exist in a zero interest rate era be that way in perpetuity. Now everyone's going to have to deal with risk and I'm very excited for this luckily the government stepped in so I'm hopeful when I trust it will.
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