What the SVB Failure Teaches us About Investment Banking (Encore)

The Silicon Valley Bank collapse brings with it memories of the wider 2008 economic crisis. Jeet Heer and John Nichols from The Nation join us to discuss the 2018 bank deregulations that set the stage for this moment and the risky investment strategy at the bank itself. They argue that bailout and FDIC's role in the collapse could set the stage for a dangerous economic future.  

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Featuring: John Nichols, national affairs correspondent for The Nation; Jeet Heer, national affairs correspondent for The Nation

Host: Salima Hamirani Producers: Anita Johnson, Salima Hamirani, Amy Gastelum, and Lucy Kang Executive Director: Jina Chung Interim Senior Producer: Jessica Partnow Engineer: Jeff Emtman Music Credits: Blue Dot Sessions - Boston Landing Rocky Marciano - Chamem Me D Dieter van der Westen - Heading for Bamako Frequency Decree - Lithosphere Learn More: 

The Nation: Democrats Face a Terrible Reckoning on Bank Bailouts: https://www.thenation.com/article/politics/democrats-bank-bailouts/ The Nation: Silicon Valley Learns to Love Socialism for the Rich: https://www.thenation.com/article/economy/svb-failure-socialism-rich/ The Nation: Bankers Lobbied for Deregulation, Congress Capitulated, and Now Banks Are Collapsing: https://www.thenation.com/article/economy/silicon-valley-bank-congress-deregulation/