The Current Banking Crisis

Show Notes

Discover how the current banking crisis is impacting the average person and what steps President Biden is taking to contain it. Don’t panic – the FDIC provides up to $250,000 of deposit insurance per bank and per depositor, so your money is safe. Tune in to Three Fates Decide this week to gain a better understanding of the banking system, the banking act of 1933, and the importance of bank regulations. With riveting insight

  • The current banking crisis and how it is affecting the average person
  •  The closure of Silicon Valley Bank and Signature Bank, and the investigation by the federal government
  •  How banks are raising interest rates to combat inflation
  •  The panic caused by banks attempting to increase their capital
  •  The Federal Deposit Insurance Corporation (FDIC) and its role in protecting customers
  •  Bank regulations and their importance
  •  President Roosevelt and Congress’s efforts to contain potential panic.

Key Points

The Frank-Dodd Law safeguards banks from the devastating effects of a bank run with robust cash reserves. This protects our economy from the catastrophic consequences of a financial crisis.

The recent banking crisis with Silicon Valley Bank could have been less severe if regulatory authorities had imposed stricter regulations on regional banks.

The lack of government oversight has been shown to be one of the leading causes of economic crises. It threatens customers’ financial security and undermining public confidence.


“This is just purely basic information that I am presenting to you guys so that it’s easier for you to understand what’s going on.”

“So with Silicon Valley Bank, they apparently were offering ten year investment bonds to their customers and they were giving back the customers 1.8% as the interest.”

“Hence I personally actually got a couple of CDs. For that reason, at, uh, Silicon Valley they had offered the 1.8% interest rate back when interest rates were relatively low.”

“Banks have to have a certain amount of capital reserves to cover potential increased need for cash.”

“The Frank Dodd law basically came into existence because of the financial crisis that happened back in 2008.”

“We’re also trying to explain to people who may be confused, who may not completely understand what all this is about, what is going on.”

“These are the facts about what is going on. These really are isolated situations in these two particular banks.”

“Oversight is too much power for the government, et cetera, et cetera. But you also have to understand is, well, why is there even a need for government oversight?”

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