Is my money safe? Explaining the Silicon Valley Bank collapse
On Monday, spurred by the Silicon Valley Bank collapse, President Biden addressed the nation in the wake of the ongoing banking crises to reassure Americans that we "can have confidence that the banking system is safe. Your deposits will be there when you need them." Unfortunately, the stock market disagreed, and the reason why goes deeper than you might expect.
Author: Jim Denison, PhD
Narrator: Chris Elkins
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The skinny
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