PDS 3.13 Silicon Valley Bank Disaster Explained, What Now? Moistcr1tikal Drama, Jan6 Whitewashed, &

The Philip DeFranco Show

philip defranco

News

4.8 • 1000 Ratings

🗓️ 13 March 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Use code PHIL for $20 off your first SeatGeek order. https://seatgeek.onelink.me/RrnK/PHIL https://BeautifulBastard.com The SURPRISE BB DROP IS LIVE! GO GO GO Check Out Sunday’s Show: https://youtu.be/yjNoGee1igQ Catch Up on Thursday’s Show Here: https://youtu.be/YWlkbH5jKdo – 00:00 - U.S. Government Approves Plan to Save Silicon Valley Bank’s Deposits 04:21 - There are More Women in the Workforce Than Before the Pandemic 04:40 - Rainn Wilson Prompts Conversation About Anti-Christian Bias in Hollywood 06:47 - “Everything Everywhere All At Once” Sweeps Oscars, Makes History 07:57 - MoistCr1TiKal Blasts Sneako After He Blames YouTubers for ‘Canceling’ Him 09:02- Student to Sue District After Staff Assaulted Her for Not Saying the Pledge of Allegiance 10:47 - Sponsored by Seatgeek 11:35 - China Brokers Saudi-Iran Deal to Re-Establish Ties 13:57 - Up to 61,000 Junior Doctors in the U.K. Begin Three-Day Strike 15:19 - French Senate Approves Controversial Pension Plan 15:59 - Tucker Carlson Tries to Whitewash Jan. 6 – ✩ TODAY’S STORIES ✩ U.S. Government Approves Plan to Save Silicon Valley Bank’s Deposits: https://www.bloomberg.com/news/live-blog/2023-03-12/svb-fallout-spreads There are More Women in the Workforce Than Before the Pandemic: https://www.axios.com/2023/03/13/number-of-women-in-the-workforce-tops-pre-pandemic-levels-for-first-time Rainn Wilson Prompts Conversation About Anti-Christian Bias in Hollywood: https://www.thewrap.com/rainn-wilson-calls-anti-christian-bias-the-last-of-us/ “Everything Everywhere All At Once” Sweeps Oscars, Makes History: https://www.usatoday.com/story/entertainment/movies/2023/03/12/oscars-2023-history-firsts-awards/11462823002/ MoistCr1TiKal Blasts Sneako After He Blames YouTubers for ‘Canceling’ Him: https://www.dexerto.com/entertainment/moistcr1tikal-blasts-pathetic-sneako-after-he-blames-youtubers-for-canceling-him-2084275/ Student to Sue District After Staff Assaulted Her for Not Saying the Pledge of Allegiance: https://www.nytimes.com/2023/03/11/us/pledge-allegiance-teacher-shove-south-carolina.html China Brokers Saudi-Iran Deal to Re-Establish Ties: https://www.reuters.com/world/china-role-saudi-iran-deal-tricky-test-us-2023-03-10/ Up to 61,000 Junior Doctors in U.K. Begin Three-Day Strike https://www.bbc.com/news/business-64918546 French Senate Approves Controversial Pension Plan: https://abcnews.go.com/Business/wireStory/french-senate-adopts-pension-bill-despite-street-protests-97800502 Tucker Carlson Tries to Whitewash Jan. 6: https://thehill.com/homenews/house/3895306-carlson-comes-up-short-on-jan-6-bombshells/ —————————— Produced by: Cory Ray Edited by: James Girardier, Julie Goldberg, Maxwell Enright, Christian Meeks Art Department: William Crespo Writing/Research: Philip DeFranco, Brian Espinoza, Lili Stenn, Maddie Crichton, Star Pralle, Chris Tolve ———————————— #DeFranco #MoistCr1TiKaL #AngelaBassett ————————————

Transcript

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0:00.0	We've got Banks Fail and Drama with online and mainstream creators alike.
0:04.3	Absolutely wild international news.
0:06.2	January 6 is being whitewashed.
0:08.1	We're going to talk about all that and so much more on your brand new Monday, Philip DeFranco show.
0:12.4	So buckle up, hit that like button if you like these big. your brand new Monday, Philip DeFranco show.
0:12.5	So buckle up, hit that like button if you like these big shows
0:15.3	and let's just jump into it.
0:16.5	Starting with the 2008 crash all over again,
0:19.2	or are people just freaking out?
0:20.4	That's something that people were asking over the weekend
0:22.0	because we saw Silicon Valley banks suddenly collapse with its
0:24.7	$209 billion in assets, making it the largest bank failure since the Great Recession and the second largest ever.
0:31.0	And if you're sitting there like, who the hell is
0:32.6	S. V. Is that a CSI unit? No and don't worry you weren't the only one. That's because
0:36.4	S. V. B doesn't really cater to consumer-level customers but rather to
0:39.5	startups, tech firms, and venture capital. It's where the likes of Peter Teal and his buddies have money.
0:43.4	So let's break down how everything fell apart.
0:45.3	So like most banks, S. V. only has a modest amount of customers funds on hand in cash,
0:49.6	with them placing the rest in long-term investments such as Treasury bonds.
0:52.2	But then the U.S. hiked up interest rates and the bonds it had suddenly looked way worse
0:55.9	because they were at far lower rates.
0:57.4	And this came to a head when due to worries about the economy as a whole, many
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