Political economist Radhika Desai discusses the origins of neoliberalism as a fringe ideology and how it became dominant, fueling extreme inequality, instabi...
    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      181·
      11 months ago

      If I recall correctly, I think she was referring to the value of US bonds dropping. She was saying that SVB was holding bonds because they were supposed to be a safe investment, but due to rates going up that turned out not to be the case.

      • v12riceburner@lemmygrad.ml
        1·
        11 months ago

        She said that too but she also said they couldn’t get bailed out https://youtu.be/lSTLsHAGoVA?t=4887

        2011 01:21:20,040 --> 01:21:22,020 Silicon Valley Bank and the other banks

        2012 01:21:22,020 --> 01:21:24,239 that collapsed recently and and and by

        2013 01:21:24,239 --> 01:21:26,580 the way another learning Factor

        2014 01:21:26,580 --> 01:21:28,800 the United States government could not

        2015 01:21:28,800 --> 01:21:30,360 possibly have bailed them out because

        2016 01:21:30,360 --> 01:21:32,460 the fact of the matter is that the

        2017 01:21:32,460 --> 01:21:34,320 American public knows the U.S public

        2018 01:21:34,320 --> 01:21:37,800 knows that uh the last time it’s the

        2019 01:21:37,800 --> 01:21:39,719 banks that got bailed out so any

        2020 01:21:39,719 --> 01:21:42,420 government that does it again is going

        2021 01:21:42,420 --> 01:21:45,719 to face an enormous amount of popular