Ram Ahluwalia Predicts MORE Bank Failures

Bankless

Technology, Tech News, News

4.7 • 1.2K Ratings

🗓️ 10 May 2023

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ram Ahluwalia, CEO of Lumida Wealth Management, joins us for his second time on Bankless to discuss the latest bank failure and what it means for the rest of the traditional finance system.

Are there more failures to come? Can crypto save the banks? Why are politicians being quiet this time around? What will Powell do next? Answers to these questions and much more in the episode.

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Timestamps:

0:00 Intro
8:30 Season Two of the Banking Crisis
10:38 First Republic Bank
13:00 Politicians Being Quiet?
15:13 Ram's Slide Agenda
16:10 Co-Morbidities of Bank Failures
23:40 Negative Equitites
24:40 Publicly Traded Banks
30:27 The Walls Preventing a Collapse
35:40 The Banks' Mycelium Network
39:26 What's the Problem?
45:50 Commercial Real Estate
47:10 The Next 2008?
50:10 CRE Risk
53:07 Arthur Hayes Take
56:40 Balaji Take
1:01:13 Will Powell Blink?
1:03:20 How to Fix the Banks
1:09:35 How Crypto Saves the Banks?
1:12:55 Closing & Disclaimers

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Resources:

Ram Ahluwalia
https://twitter.com/ramahluwalia

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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Transcript

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0:00.0	We have an episode today talking about the bank crisis season two. David, I feel like we're
0:12.4	about to do all of this all over again. The content that we put together back in March when
0:17.4	the first banks started failing. Well, there was a brief hiatus, a pause. And now, last
0:23.9	week, they resumed the second largest bank failure since 2008 just happened last week, but
0:30.0	the failure of first Republic bank. We talked about this on the rollup, David, and we described
0:34.9	it as a snowman on the right here. Well, these bank failures have just happened. So who do
0:40.9	we have on? What are we going to talk about? What is the season two characterized by so
0:45.8	far? We're bringing on now returning guest, Ram Alawalia, who helped us navigate banking
0:52.7	crisis season one. And it was a supremely useful episode to understand, well, everyone was
0:58.8	giving very emotional, very hot takes. Ram was able to make a, it was very, very grounded. And so
1:05.1	that was season one. Turns out that there's season two. And it's very different when a bunch of
1:10.9	banks collapse inside of one local timeframe. But now that was in March and now we're in May.
1:17.1	And now banks are collapsing again. So how has this changed the game? Is the big question that we
1:22.2	should ask. But first, before we get into the episode, I want to talk to our friends and sponsors
1:27.0	over at swell. So swell is a decentralized taking as a service protocol. You guys know and love these
1:33.5	non custodial. The way we like it. And so swell is brand new into the staking as a service system. So
1:39.5	if you are interested in getting on the ground floor of a brand new Dow in the LSD space swell might
1:44.5	be for you. There is a link in the show notes to get started. They are doing their voyage towards
1:49.6	decentralization. And they would like you aboard their ship. Link in the show notes.
1:54.1	Absolutely. And it is also staking season. Well, the banks are failing. The Ethereum community is
1:58.6	as staking now. Now is the time to start staking. And we've gotten live with with Rawls recently.
2:04.6	So I'm starting to get more excited about staking as well. All right, David. So we had first
	...

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