E159: The Bestie Awards! Recapping the best and worst of 2023
All-In with Chamath, Jason, Sacks & Friedberg
Impact of the Fed's Bank Term Funding Program on Banking Crisis
The collapse of Silicon Valley Bank and other regional banks triggered a crisis due to spiking interest rates. Blaming VCs was misguided as the root cause was the sudden spike in interest rates, which exposed banks with volatile deposit bases. The Fed's intervention with the Bank Term Funding Program prevented a contagion and likely averted a recession. While the long-term consequences of the Fed's liquidity provision remain uncertain, it had a positive impact during the regional banking crisis.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
