I'm Ben Mycelis from the MidasTouch Network.

Video has surfaced of Donald Trump bragging about legislation that he introduced which

repealed critical regulations which would have prevented the collapse of Silicon Valley

bank.

Let me explain.

By now, I'm sure you've heard about the collapse of SVB or Silicon Valley bank.

At the time of its failure, it had over $200 billion in assets.

It referred to itself as the innovator in the tech space, the financial partner of innovation

and economy.

It banked a lot of venture capital companies, a lot of tech companies.

And just so you have a sense of comparison, the $200 billion in assets that SVB had at

the time of its failure.

How does it compare to say a bigger bank like JP Morgan Chase?

JP Morgan Chase has approximately $3.31 trillion in assets.

But nonetheless, SVB was a big player at the time.

So what happened to SVB?

I think Vox gave a very good analysis here about the good old-fashioned bank run that took

place.

And this is how it's described.

The bank takes deposits from clients and invest them in generally safe securities like

bonds as the federal reserve increased interest rates.

Those bonds became worth less.

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