What goes up, must come down. Unless you’re a banker. In which case it’s up, up and away with bailouts and low interest loans! Today’s episode is an accessible explainer of the unfolding banking crisis. It explains the basics of banking business models, where certain banks have exposure, the regulatory environment and some predictions as to what happens next. Hopefully, you walk away with slightly more insight into the current crisis, why it’s happening and what’s at stake.
Chapters:
Intro: 00:00:30
Chapter One: All for one, one for all. 00:02:37
Chapter Two: Mark to Market. 00:06:36
Chapter Two and a Half: Fox Never Wastes a Crisis. 00:13:15
Chapter Three: What comes next? 00:15:31
Post Show Musings: 00:20:44
Outro: 00:30:48
Resources
Forbes: What To Know About Silicon Valley Bank's Collapse—The Biggest Bank Failure Since 2008
Forexlive: The hold-to-maturity problem is a real headache. The only remedy is stable deposits
Lyn Alden: March 2023 Newsletter: A Look at Bank Solvency
UBS: US bank turmoil: FAQ and investment implications
Wikipedia: September 2019 events in the U.S. repo market
Axios: The story behind Founders Fund and the run on Silicon Valley Bank
--
If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR
Please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com.
Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week.
Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.
Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99.
Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic."
Support the show: https://www.unftr.com/memberships
See omnystudio.com/listener for privacy information.