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Epic Real Estate Investing

Silicon Valley Bank Crisis - The Secret Reason Why They Were Bailed Out! | 1260

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8955 Ratings

🗓️ 21 March 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Are you curious about what happened to Silicon Valley Bank and how it impacts the economy? Listen to this episode to learn the scoop on SVB's recent bankruptcy and the government's role in helping them out. Discover important financial terms like FDIC and certificate of receivership and why they matter to you. Find out how to keep your money safe and make informed financial decisions. Don't miss out on this valuable lesson! Are you ready? Let’s go! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Terrio Media.

0:04.0

Silicon Valley Bank Crisis.

0:06.0

That's what my son asked me about yesterday when he got home from school.

0:10.0

So I had to explain this complicated disaster to a fifth grader.

0:14.0

Basically, I had to explain it like he was five.

0:17.0

And so I was telling my good friend, he's an adult, by the way, about this experience that I had,

0:21.0

and he was like, wow, can you explain it to me too like I'm

0:25.0

five okay we give it a shot.

0:30.0

Welcome to the epic real estate investing show where we talk about the housing market, creative financing strategies and everything else you need to retire early.

0:38.0

And if you're ready to get to the next level in your real estate game and get there fast go to re I ace.com where most

0:46.4

training programs end ours begins at re I ace dot com enjoy the show hey kinos let me Re I Ace.com.

0:52.6

Enjoy the show.

0:53.6

Hey, giddos, let me tell you about what happened to Silicon Valley Bank.

0:58.0

You've probably seen it on TV recently, right?

1:00.4

And everyone seems to be talking about it, don't they?

1:02.7

You see Silicon Valley Bank, or S. V.B, for short, is a bank that's been around for 40 years.

1:09.8

But it recently went bankrupt because the people who run the bank didn't do a good job and the people

1:15.2

who make the rules for banks called the Federal Reserve didn't pay enough attention to the people

1:20.7

that weren't doing a good job. Now you might be wondering how this affects all the other banks in our country, or maybe you're

1:27.7

not, but you probably should be.

1:29.7

You see, with interest rates going up and with so many of the banks doing business with each other that could cause

1:36.4

problems for the other banks too and that has a lot of people very nervous.

...

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