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Here’s Who’s Responsible For Silicon Valley’s Bank Collapse
The Jimmy Dore Show
1.16M subscribers
60,357 views 16 Mar 2023 #TheJimmyDoreShow
Here’s Who’s Responsible For Silicon Valley’s Bank Collapse
The Jimmy Dore Show
1.16M subscribers
60,357 views 16 Mar 2023 #TheJimmyDoreShow
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The collapse of Silicon Valley Bank and subsequent depositor rescue by the Biden administration through the FDIC has launched a firehose of finger-pointing, ass covering and general controversy.
The collapse of Silicon Valley Bank and subsequent depositor rescue by the Biden administration through the FDIC has launched a firehose of finger-pointing, ass covering and general controversy.
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Tech industry investor David Sacks tells Jimmy that government incompetence led to the debacle, which is why government intervention was necessary to save depositors from sustaining heavy losses and possibly inspiring a run on other banks.
Tech industry investor David Sacks tells Jimmy that government incompetence led to the debacle, which is why government intervention was necessary to save depositors from sustaining heavy losses and possibly inspiring a run on other banks.
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Jimmy and Sacks discuss the history that led to SVB’s demise and the Biden administration’s subsequent actions.
Jimmy and Sacks discuss the history that led to SVB’s demise and the Biden administration’s subsequent actions.
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