Insight - Mar. 15th, 2023
Insight
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15-Mar-2023
Today on Insight, John and Josh Rosenstern discuss the Silicon Valley Bank crisis on March 8th. The March 6th FDIC report disclosure of government bonds, and the lending pattern of banks, and the effects of interest rates going up, and bond prices drop. There were some 680-billion in losses disclosed across the board; disclosing bad management across the board. Brother John says banks should have been aware of their bond values dropping and capital being skewed; however, many banks ran out of liquidity, which triggered a panic, causing a bank run, where people began withdrawing their money by the billions.
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