
Plain English with Derek Thompson
Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?
Mar 13, 2023
Liz Hoffman, business and finance editor at Semafor and author of 'Crash Landing,' dives into the shocking collapse of Silicon Valley Bank. She unpacks how a bank run fueled by tech clients and rising interest rates led to the demise of America's 16th-largest bank. Hoffman discusses the government's response, the role of FDIC insurance, and how social media can trigger panic. With lessons on stability amidst banking innovation, she highlights the challenges and risks smaller banks face in today's volatile environment.
40:56
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