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The Silicon Valley Bank debacle might be the most pitch-perfect encapsulation of everything that's wrong

with our current financial, social, and political systems all at once.

I'm Ryan Grimm, and we'll be unpacking that meltdown on today's deconstructed.

One of the incredible feats of today's tech moguls is to somehow manage to make the old

robber barons look downright civic-minded by comparison.

So during the panic of 1907, before there was a central bank,

J.P. Morgan famously gathered together the country's biggest bankers

and persuaded them all to put their own capital on the line to restore confidence in the financial system.

A populist movement followed by demanding the creation of the Federal Reserve to take power out of their hands.

But it's impossible to even conceive of today's robber barons putting their capital on the line,

and last week, it quickly became every man for himself,

with billionaires telling each other there was no downside to pulling their money from Silicon Valley Bank,

so they might as well just do it and do it quickly.

It's striking that the collapse of the bank that fuels much of the business in Silicon Valley

and the resulting threat of contagion didn't strike these radical,

randy, and libertarians as something that might qualify as a downside.

...