Contagion: When Banks Fail.

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

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