Chapter
Warning of a Run on the Bank
1:14:46 - 1:19:09 (04:22)
In a conversation about potential financial crashes, there is hesitation to warn people about the possibility of a run on the bank because it can create the very situation being warned against. Suggestions were made to hand over Silicon Valley bank to a big balance sheet and have a federal agency backstop all banks with $500 billion.
Clips
In a conversation about the possibility of a bank run happening, the concern is raised that warning people about it could actually create it.
1:14:46 - 1:19:09 (04:22)
Banking
Summary
In a conversation about the possibility of a bank run happening, the concern is raised that warning people about it could actually create it. The recommendation is made that a federal agency step in with a significant financial guarantee to backstop the banks and prevent a contagion effect from spreading.