Let the SVB blame game begin

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 14 March 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The dust hasn’t yet settled around Silicon Valley Bank’s collapse and people are trying to figure out who, or what, is to blame. We’ll unpack some of the finger pointing, explain what SVB represents 15 years after the 2008 financial crisis and look into what the bank’s failure means for the 2024 presidential race. Plus, the Oscar moments that made us smile!

Here’s everything we talked about today:

- “Bank rules rollback contributed to SVB’s failure, critics say” from Marketplace

- “Barney Frank blames crypto panic for his bank’s collapse. Elizabeth Warren blames Trump.” from Politico

- “As military spending soars, Congress must take critical look at Pentagon budget” from The Hill

- Severe erosion in North Carolina from The Washington Post

- “Oscars Analysis: Why ‘Everything Everywhere’ — and the Academy — Won” from The Hollywood Reporter

- “Naatu Naatu” performance at the Oscars from Variety

- “Parties, food deals and more ways to celebrate St. Louis on 314 Day” from St. Louis Post-Dispatch

- “Celebrating and honoring Scott Joplin and his legacy in St. Louis” from KSDK

It’s our March fundraiser! Help us meet our goal so we can cover our costs and plan for the future: https://support.marketplace.org/smart-sn

Transcript

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0:00.0	This is Flea for this little light a podcast about falling in love with music
0:04.5	I started a nonprofit music school about 20 years ago called the Silver Lake Conservatory of music
0:10.6	The reason that I started doing this podcast was music education. I'll be speaking with Rick Rubin
0:17.1	Thundercat Stuart Copeland Margot Price
0:19.7	Cory Henry Cynthia Arrivo Shealy E and Patty Smith
0:24.1	Please listen and follow this little light a presentation of cadence 13 on the Odyssey app or wherever you get your
0:29.7	podcast.
1:00.7	Alright one car low. So you ready?
1:02.7	That's it.
1:03.7	You ready?
1:04.7	Bam, bam, bam.
1:08.7	Bam.
1:10.7	Everybody I'm Cory Rizda welcome back to make me smart where we make today make sense.
1:18.7	And I am Kimberly Adams. Thank you for joining us on this Monday and woof what a weekend in terms of news.
1:26.7	In our Bailey Wic as it were so we're going to dive into the news fix which I imagine is pretty obvious and then we're going to talk about a story or two that will make us smile.
1:36.7	The same story that was Friday it continues got more interesting over the weekend.
1:41.7	Go ahead.
1:42.7	Yeah.
1:43.7	Yeah.
1:44.7	I just so I had we had to deep ready on marketplace this afternoon and so deep pointed out that it was 15 years ago almost of this very weak.
1:54.7	In fact maybe this very weak that bear stern was rescued by the Federal Reserve and JP Morgan and the greater financial infrastructure of this economy and it's just like Bizarro land that first of all is 15 years ago are you kidding me.
2:09.7	But number two that were a little bit back here again which is sort of the story you did for the show this afternoon but it's amazing to me.
	...

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