Why the banks collapsed and why Biden bailed them out

The second and third largest bank collapses in America happened in the last seven days. We go inside the first domino to fall, Silicon Valley Bank, with the help of VC and tech reporter Molly Wood. Then we look to history for answers with Kirsten Grind (Wall Street Journal) who wrote the book The Lost Bank about the 2008 Washington Mutual collapse, to this day the largest in American history. And then we examine the reasoning for Joe Biden to bail out the failed institutions and examine the repercussions for 2024.  Hosted on Acast. See acast.com/privacy for more information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe