Founder and CEO of First American State Bank Jay Davidson joins Kim to break down the Silicon Valley Bank failure. The banks that have recently failed (ie Silicon Valley Bank) act more like venture capitalists than traditional community banks. Traditional banks aren’t under any known threats. The banks that have recently failed (ie Silicon Valley Bank) act more like venture capitalists than traditional community banks. Traditional banks aren’t under any known threats. Silicon Valley Bank had increased deposits by 100 billion in a year with no advising by regulators. The government will be bailing out investors, which will in turn be paid by taxpayers. ESG ratings are being used to push regulations, which will cause companies to adopt increasingly progressive ideologies, which will result in further failures. Listen to the full interview in the first hour.
