130: SVB explained in layman terms and the housing market impact
Episode description
I breakdown the Silicon Valley Bank Collapse so that the average person can understand it. I also talk about how it could cause the Federal Reserve to lower interest rates and impact the housing market. I also talk about my experience working at a tech firm and not getting paid.
Regulators shuttered SVB Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. The company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. What followed was the rapid collapse of a highly-respected bank that had grown alongside its technology clients.
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