Welcome to the commentary magazine daily podcast today is Monday March 13th, 2023.

I am John Pudhoritz, the editor of commentary magazine with me as always executive editor

A. Greenwald Hyab.

Hi John.

Media commentary columnist at American Enterprise Institute senior fellow Christine

Rosen, high Christine.

Hi John.

And Christine's AEI colleague and author of our Washington commentary column Matthew

Contnetti.

Hi Matt.

Hi John.

We are going to attempt to discuss the failure of the Silicon Valley bank.

Bear with us people the collapse of the Silicon Valley bank and the and the secondary collapse

of signature bank bear with us because yes, as Christine says, this is a little like asking

a seven year old who can barely read a map to direct you down back roads to a post office

box.

But we're going to try because that's what we're here to do.

We're breaking out the slide rules.

Okay.

What we are not going to do is attempt to describe why the Silicon Valley bank failed.

And I'm going to explain why this plainly, which is that I think unless you are in banking

and understand the nuances of the timing and trading of certain types of things and a

...