SVB Failure, Keep Calm and Carry On

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 14 March 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Silicon Valley Bank was shut down by federal regulators, marking the second largest failure of a U.S. financial institution in history. I joined CBS Mornings to discuss the collapse and the Federal Reserve's latest action.

Have a money question? Email us, ask jill [at] jill on money dot com.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Show.
0:05.9	It is Tuesday, March 14th.
0:08.4	Hey, what's new, guys?
0:10.8	Not much since I went away for a week.
0:13.0	You know, just a couple of bank failures worries about an escalating financial crisis brewing
0:19.7	questions about whether we are reliving 2008?
0:23.6	Quick answer.
0:24.6	No, we are not.
0:25.6	Yeah.
0:26.6	I went away.
0:27.8	All this stuff happened and now it is time for me to do one of the things that I love
0:33.1	to do.
0:34.1	Take a highly volatile and emotional period of time and bring down the pressure.
0:41.9	Breathe with me, gang.
0:44.2	This is not the same thing as 2008.
0:47.2	This is a very different situation.
0:50.1	I'll explain why, but I also want to be clear that when these types of things occur,
0:56.9	it can often get you very anxious.
1:00.0	And if you are feeling that way, why don't you give us a holler?
1:04.6	All you need to do is go to JillonMoney.com, click the contact us button and let us know
1:10.0	if you would be willing to come on the air.
1:12.2	And interestingly enough, this program went to a daily podcast on this date in the year
	...

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