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What goes up, must come down. Unless you’re a banker. In which case it’s up, up and away with bailouts and low interest loans! Today’s episode is an accessible explainer of the unfolding banking crisis. It explains the basics of banking business models, where certain banks have exposure, the regulatory environment and some predictions as to what happens next. Hopefully, you walk away with slightly more insight into the current crisis, why it’s happening and what’s at stake.

Chapters:

Intro: 00:00:30

Chapter One: All for one, one for all. 00:02:37

Chapter Two: Mark to Market. 00:06:36

Chapter Two and a Half: Fox Never Wastes a Crisis. 00:13:15

Chapter Three: What comes next? 00:15:31

Post Show Musings: 00:20:44

Outro: 00:30:48

Resources

Forbes: What To Know About Silicon Valley Bank's Collapse—The Biggest Bank Failure Since 2008

Forexlive: The hold-to-maturity problem is a real headache. The only remedy is stable deposits

Lyn Alden: March 2023 Newsletter: A Look at Bank Solvency

UBS: US bank turmoil: FAQ and investment implications

Wikipedia: September 2019 events in the U.S. repo market

Axios: The story behind Founders Fund and the run on Silicon Valley Bank

--

If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR

Please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com.

Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565

Buy yourself some Unf*cking Coffee at shop.unftr.com.

Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week.

Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP.

Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.

Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.

Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99.

Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic."

What goes up, must come down. Unless you’re a banker. In which case it’s up, up and away with bailouts and low interest loans! Today’s episode is an accessible explainer of the unfolding banking crisis. It explains the basics of banking business models, where certain banks have exposure, the regulatory environment and some predictions as to what happens next. Hopefully, you walk away with slightly more insight into the current crisis, why it’s happening and what’s at stake.
Chapters:
Intro: 00:00:30
Chapter One: All for one, one for all. 00:02:37
Chapter Two: Mark to Market. 00:06:36
Chapter Two and a Half: Fox Never Wastes a Crisis. 00:13:15
Chapter Three: What comes next? 00:15:31
Post Show Musings: 00:20:44
Outro: 00:30:48
Resources
Forbes: <a href="https://www.forbes.com/sites/conormurray/2023/03/13/what-to-know-about-silicon-valley-banks-collapse-the-biggest-bank-failure-since-2008/?sh=49a068014c27">What To Know About Silicon Valley Bank's Collapse—The Biggest Bank Failure Since 2008</a>
Forexlive: <a href="https://www.forexlive.com/news/the-hold-to-maturity-problem-is-a-real-headache-the-only-remedy-is-stable-deposits-20230315/">The hold-to-maturity problem is a real headache. The only remedy is stable deposits</a>
Lyn Alden: <a href="https://www.lynalden.com/march-2023-newsletter/">March 2023 Newsletter: A Look at Bank Solvency</a>
UBS: <a href="https://www.ubs.com/us/en/wealth-management/insights/market-news/article.1585570.html">US bank turmoil: FAQ and investment implications</a>
Wikipedia: <a href="https://en.wikipedia.org/wiki/September_2019_events_in_the_U.S._repo_market">September 2019 events in the U.S. repo market</a>
Axios: <a href="https://www.axios.com/2023/03/14/founders-fund-run-silicon-valley-bank">The story behind Founders Fund and the run on Silicon Valley Bank</a>
--
If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! <a href="https://www.youtube.com/@UNFTR">www.youtube.com/@UNFTR</a>
Please leave us a rating and review on Apple Podcasts: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://twitter.com/unftrpod">Twitter</a> and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>.
Join the Unf*cker-run Facebook group: <a href="https://www.facebook.com/groups/2051537518349565">facebook.com/groups/2051537518349565</a>
Buy yourself some Unf*cking Coffee at <a href="https://shop.unftr.com/">shop.unftr.com</a>.
Subscribe to Unf*cking The Republic on Substack at <a href="https://unftr.substack.com/">unftr.substack.com</a> to get the essays these episode are framed around sent to your inbox every week.
Check out the UNFTR Pod Love playlist on Spotify: <a href="https://open.spotify.com/playlist/1PpzNXBub9FLngMradJByC?si=abaed3d396504fae">spoti.fi/3yzIlUP.</a>
Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at<a href="https://bookshop.org/lists/unf-cker-book-recommendations"> bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>.
Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (<a href="https://www.mannyfacesmedia.com">mannyfacesmedia.com</a>). Original music is by Tom McGovern (<a href="http://www.tommcgovern.com/">tommcgovern.com</a>). The show is written and hosted by Max and distributed by 99.
Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic."

Unf*cking The Republic® (UNFTR) is a series of audio essays on the grand American experiment lovingly curated and presented by a quasi-anonymous political writer. 

Each essay reflects on a singular topic that is generally misunderstood or purposely obfuscated by the so-called “powers that be.” As we know, history is written by the victors and can be perilously manufactured to favor destructive world views. These views become intractably ingrained in the public consciousness and pervert public policy, oftentimes with horrific results. 

As of this podcast’s founding, we find ourselves living in a true kakistocracy. The disconnect between what we believe and what is actually happening below the surface or in plain sight is where this podcast lives. 

Together we’ll upend conventional wisdom, blow up narratives on the left, right and center and use magical devices like facts, logic and reason to explain how exactly we arrived in bizarro America, the funhouse mirror version of what was originally intended. #UNFTR

Unf*cking The Republic® (UNFTR) is a series of audio essays on the grand American experiment lovingly curated and presented by a quasi-anonymous political writer. 
Each essay reflects on a singular topic that is generally misunderstood or purposely obfuscated by the so-called “powers that be.” As we know, history is written by the victors and can be perilously manufactured to favor destructive world views. These views become intractably ingrained in the public consciousness and pervert public policy, oftentimes with horrific results. 
As of this podcast’s founding, we find ourselves living in a true kakistocracy. The disconnect between what we believe and what is actually happening below the surface or in plain sight is where this podcast lives. 
Together we’ll upend conventional wisdom, blow up narratives on the left, right and center and use magical devices like facts, logic and reason to explain how exactly we arrived in bizarro America, the funhouse mirror version of what was originally intended. #UNFTR

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