The Carly P Reilly Show
Calling out the Wall Street Journal
Nov 14, 2023
Discussion on the collapse of Silicon Valley Bank and lack of regulatory oversight, skepticism towards claims of toxic workplaces, allegations of sexual misconduct at the FDIC, analyzing an article on workplace harassment, and introducing sponsor Web3Sense
22:32
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Quick takeaways
- Silicon Valley Bank collapsed due to investing in long-term treasury bonds affected by interest rate changes, highlighting the recurring issue of mismatched durations in other cases like WeWork and FTX.
- The Wall Street Journal report reveals a toxic workplace culture within the FDIC, with incidents of sexual harassment and misogyny, inadequate tracking of misconduct allegations, and the ongoing struggle to attract and retain female examiners.
Deep dives
The Collapse of Silicon Valley Bank and Missed-Matched Durations
Silicon Valley Bank's collapse was caused by investing too much money into long-term treasury bonds that dropped in value when interest rates increased, leading to customer withdrawals. The issue of missed-matched durations has been a recurring problem in other cases like WeWork and FTX. Regulators should have foreseen these bank collapses.
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