Personal Finance for Long-Term Investors - The Best Interest The Banking Collapse in Simple Terms - E50
Bank runs, collapses, and bailouts. Anyone else getting GFC PTSD? The Silicon Valley Bank collapse is the largest bank collapse since the 2008 Great Financial Crisis,, and the second largest U.S. bank collapse ever. So, why did it happen? Will this spark a larger contagion throughout the banking sector and the U.S. economy, and should everyday savers be concerned?
Jesse breaks down the larger infrastructure of the banking industry, what specific mechanics led to the failure of Silicon Valley Bank, and what might come of it in the near future.
Mentions:
Blog: https://bestinterest.blog/silicon-valley-bank-101/
It’s a Wonderful Life Bank Run: https://www.youtube.com/watch?v=iPkJH6BT7dM&t=5s
Why Warren Buffett Said No to Lehman and AIG in 2008 WSJ: https://www.youtube.com/watch?v=1QeUcfqkUzc
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.