Description
In the past week, as spooked customers frantically withdrew $42 billion from Silicon Valley Bank, the U.S. government stepped in to craft a rescue operation for the failed lender.
But efforts to contain the crisis have met resistance, and the fallout of the collapse has already spread to other regional banks, whose stocks have plummeted.
Guest: Emily Flitter, a finance correspondent for The New York Times.
Barney Frank was one of the people most responsible for overhauling financial regulation after the 2008 economic crisis. After retiring from Congress, he supported a change to his own law that would benefit midsize banks, and joined the board of such a bank.
Last week, that bank failed. David...
Published 03/22/23
As Xi Jinping, China’s leader, meets with President Vladimir V. Putin of Russia in Moscow this week, Chinese officials have been presenting his trip as a mission of peace. But American and European officials are watching for something else altogether — whether Mr. Xi will add fuel to the...
Published 03/21/23