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The Stacking Benjamins Show

SPECIAL: Silicon Valley Bank Collapse - What Happened and How Does It Affect Your Plan?

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 12 March 2023

⏱️ 27 minutes

🧾️ Download transcript

Summary

Silicon Valley Bank's collapse is the second-largest FDIC takeover since the Great Depression. What does that mean for you, your money, and your long term plan? OG, Doug, and Joe gathered around the card table for a rare weekend discussion. They review what happened, what to expect, and how it may affect your future. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode is brought to you by Shopify.

0:03.0

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0:07.0

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0:12.0

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0:17.0

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0:23.0

Cash podcast 23 all lowercase and take your business to the next level today.

0:30.0

Stand by for an urgent message from the crack team at Stacking Benjamin's.

0:36.0

Live from Joe's mom's basement, a special episode of the Stacking Benjamin show.

0:42.0

We're covering the second biggest bank collapse in the USA since the Great Depression.

0:47.0

Here with details are Joe and OG.

0:49.0

Hey, thanks Doug and welcome to a special episode of the Stacking Benjamin show.

0:54.0

You've probably already seen online Silicon Valley bank was taken over by FDIC.

1:00.0

We're going to walk into exactly what happened and we're going to...

1:04.0

We were originally going to make this part of our Monday episode,

1:07.0

but we thought this was important enough and you want to know what was going on soon enough

1:11.0

that we wanted to walk you through all of the details and then what we think your strategy should be.

1:16.0

So we'll share what happened. We think it means how this affects your planning,

1:20.0

no advertisers today, no segments, just one simple discussion.

1:25.0

If you don't anybody who needs to hear this episode to get off the ledge, please share this with them.

1:30.0

But OG, let's just start with the details about what happened.

1:34.0

Silicon Valley bank really tied into the tech community in a big way

1:39.0

and before this collapse was growing very, very quickly,

...

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