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

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

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

Here with details are Joe and O.G.

Hey, thanks, Doug.

And welcome to a special episode of the Stacking Benjamin Show.

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

We're going to walk into exactly what happened.

And we were originally going to make this part of our Monday episode, but we thought this was important enough and you want to know what was going on soon enough

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

So we'll share what happened. We think it means how this affects your planning. No advertisers

today. No segments. Just one simple discussion. If you know anybody

who needs to hear this episode to get off the ledge, please share this with them. But,

OG, let's just start with the details about what happened. Silicon Valley Bank really tied

into the tech community in a big way. And before this collapse, was growing very, very quickly.

I think they doubled in assets, almost nearly doubled in assets in the last year.

Right. So as, you know, from a banking standpoint, what they, what banks generally do is bring in

capital, lend out money and pay interest, right?

That's kind of their, that's kind of the role that the banking system plays

or an individual bank plays within the system.

And just like a mutual fund, you know,

you see those top mutual fund lists of, or ETF lists of,

...