Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is produced and distributed by CoinDes.

What's going on, guys?

It is Monday, March 13th, and today we are talking about the extremely suspect closure of

Signature Bank.

A quick note before we dive in, there are two ways to listen to the breakdown.

You can hear us on the Coin Desk podcast network, which comes out every afternoon

alongside other great Coin Desk shows, or you can listen on the breakdown-only feed, which

comes out a little bit later in the evening. Wherever you listen, if you are enjoying the show,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into

the conversation, come join us on the breakers discord. You can find a link in the show notes or

go to bit.ly slash breakdown pod. All right, guys, happy Monday. We are in the thick of it. The last 48 hours have been

some of the loudest, most contentious times we've seen since 2008. There have been fierce debates

about whether or not to protect depositors at Silicon Valley Bank after it was shut down by

regulators on Friday. Accusations that the venture capital class was fomenting a larger run on small and regional

banks just to serve its own purposes. Genuine fear of larger contagion and intense pressure on the

federal government to announce action to give small businesses and other depositors confidence

that they weren't going to be out of luck based on who they chose to bank with. And at the culmination

of it last night, there was finally an

announcement about what was to happen with Silicon Valley Bank. The TLDR was that the bank

depositors would be made whole. The Fed would use a fund already paid into by banks to pay for it,

...