Is the Banking System Vulnerable? Insights on the Recent Collapse of Silicon Valley Bank

JC discusses the recent collapse of Silicon Valley Bank, which is the largest bank failure since the Great Recession. The bank catered mostly to venture capital and startup companies, and they put roughly $100 billion into government-backed bonds, which led to customers not being able to withdraw their money due to the majority of their money being locked up for 3 to 4 years. The Federal Reserve raised rates as fast as they did, causing the bank to fail. The host explains that this is not just an issue with Silicon Valley Bank, but any bank in America. 

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