March 15, 2023

158. ​​Silicon Valley Bank Failure – Protect Your Deposits

Show Notes

Wealth Without Bay Street
Wealth Without Bay Street
158. ​​Silicon Valley Bank Failure - Protect Your Deposits
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Wealth Without Bay Street 158: Silicon Valley Bank Failure – Protect Your Deposits with Richard & Jayson. BREAKING NEWS! Silicon Valley Bank is the 16th largest bank in the United States and was the largest bank by deposits in Silicon Valley. But last week, the most devastating news for bank depositors happened — the Silicon Valley Bank Collapsed!

 

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IN THIS EPISODE, YOU WILL LEARN: 

0:00 Intro

0:39 Putting your money in conventional banks

3:13 Why banks are failing

9:07 Life insurance companies as the most solid financial institution

14:21 The accountability measures and the resolution that the companies and the government should do with the Silicon Valley Bank failure

15:21 Taking risk or capitalizing on an opportunity?

18:37 The difference between investing and speculating

 

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Wealth Without Bay Street is a Founding Member of the SMB PODCAST NETWORK visit https://www.smbpodcastnetwork.com/ to learn