Special Episode: The Silicon Valley Bank Collapse
Passive Income PilotsMarch 15, 202321:0014.48 MB

Special Episode: The Silicon Valley Bank Collapse

On this special episode of Passive Income Pilots, Tait and Ryan delve into the recent collapse of Silicon Valley Bank (SVB) on March 10, 2023—the second-largest bank collapse in United States history. Triggered by a run on deposits and a lack of new capital, SVB's downfall sent shockwaves through the banking industry, raising concerns about the financial sector's stability. As a favored institution among founders and tech companies, SVB's collapse had significant implications. Tune in to learn what this event means for pilots and how to safeguard your finances. Enjoy the show!

Timestamped Show Notes

(00:00) Intro

(00:30) Tait and Ryan explain the purpose of this special episode

(01:31) SVB's explosive growth

(04:15) Exploring the impact on pilots

(05:18) Where's the exposure?

(08:01) Thoughts on FDIC stepping in and the affected businesses

(10:26) Fractional reserve banking system

(12:24) Understanding bonds

(16:03) What fixed it?

(20:10) Outro

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Legal Disclaimer

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.

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