Teaser - Every SVB Issue All At Once w/ Nathan Tankus (04/10/23)

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4.8 • 588 Ratings

🗓️ 11 April 2023

⏱️ 10 minutes

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Summary

Subscribe on Patreon and hear this week's full patron-exclusive episode here: www.patreon.com/posts/81319954 Bea and Artie speak with Nathan Tankus about the collapse of Silicon Valley Bank, and why popular reporting on the bank's collapse only scratches the surface of the extraordinary measures that made up the government's response. Nathan walks us through how the Federal Reserve tipped its hand last month at the power it has to intervene in political crises, and how to understand SVB's collapse, you have to understand what the Fed did in the early days of the pandemic. Get Health Communism here: www.versobooks.com/books/4081-health-communism Runtime 1:30:45, 10 April 2023 🧬

Transcript

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0:00.0	To hear the full episode, become a patron at patreon.com slash death panel pod.
0:06.5	Welcome to the death panel.
0:08.0	Patrons, thank you so much for supporting the show.
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0:18.8	including the back catalog at patreon.com slash death panel pod.
0:23.6	So today I'm here with my co-host, Artie Veerkant.
0:26.5	Hello.
0:27.2	And the two of us are joined by returning guest and good friend of the panel, Nathan Tankus.
0:32.9	Nathan is an unparalleled expert on the very technical details of monetary policy and central banking.
0:40.5	He is the publisher of the Notes on the Crisis newsletter and the research director of the
0:45.5	Modern Money Network.
0:46.8	Nathan, welcome back to the death panel.
0:48.5	It's always a pleasure to have you on the show.
0:50.4	Yeah, great to be here.
0:51.6	So we asked you on, Nathan, to talk about some of your work covering the Silicon Valley Bank
0:58.0	collapse.
0:59.0	Now, Silicon Valley Bank reportedly was, you know, experiencing losses and then there were
1:04.4	uninsured depositors who began aggressively pulling deposits, causing liquidity issues, and then
1:09.8	by the end of a weekend, the bank
1:11.6	was taken over by the Federal Deposit Insurance Corporation, known as the FDIC. And, you know, you have
	...

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