US Banking Crisis: The Truth Behind The Disaster

I love how every level of management failed and they still felt like they deserved a bonus.

When our banking system collapsed here in Iceland back in 2008, we threw those responsible in jail. Rich bankers shouldn't get bailed out while ordinary people lose their homes and life savings.

If a regular employee makes a mistake and the company looses a 100k, he guest fired or thrown in jail. If an executive makes a "mistake" that makes millions of people collectively lose hundreds of billions, he gets to happily exit with a fat check. Yeah, justice is well leveled up in this country.

"Greg was promptly yeeted from the board"

Spoken in the calm, professional manner that Dagogo is known for made me laugh out loud 😂

I work in the tech sector. You wouldn’t believe the amount of cool tech companies that live for years with negative cash flows, while overpaying their employees and management. It’s going to be tough in the upcoming years, but this industry needs to learn that companies can’t survive on the promise of future returns alone.

I always go back to your 2008 recession video every few months, and it's crazy how similar some of these events are. They say history repeats itself, but its only been around 15 years.. the taste of that recession is still there for a lot of people.

I'm a risk manager. In every organization i've consulted or worked with, risk management is treated as a check list. NO ONE in management cares about risk management. It's considered a exclusively fiduciary obligation. When you present existential risks and demand contingency plans, typically management tells you there's management reserve or other management funds to address the issue. I'm not privy to what happened at SVB but I'm confident that Moral Hazard allowed for risky decisions to be made and ignoring contingency and mitigative actions. In other words, they knew that the FDIC and its funds would rescue them.

SVB’s real problem was the homogeneity of their depositors. A liquidity crunch in the startup scene meant that pretty much all of their cash was gone. Had they had a more diversified pool of depositors, this wouldn’t have stung as badly. And banks should not be bailed out. They should take responsibility for terrible decision-making.

I love how pure your reporting is, hardly a bias to be found, and no twitter polls begging for likes before you cover a topic

Great video. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

Most clear and concise information to date. I'm a layman and found this very informative. Really curious as to how the interest hikes affected all of this and why they had to do so many hikes to begin with.

Literally the only video that actually explains things at a level I can understand. Thank you for this video!

Whenever I see cold fusion video, I get feeling that rich people are stupid at the same time I am poor.

This may not be the start of a banking crisis, but it could be one of the first signs of a “disruptor crisis”. Many sectors are faced with new companies with “disruptive” business models. As we have seen with crypto, these are often run by inexperienced, incompetent, overconfident, reckless or criminal individuals who aren’t concerned with identifying or managing risk, or running their businesses in a conventional manner. They represent a huge threat to economic stability.

Another great video. We can always depend on you to present a well researched and accurate view of the truth. Keep up the amazing work

You know when ColdFusion uploads videos on modern issues, it's gonna be good🙏🏽

you should know when events like this occur in the market or business, the first thing I look for is a Cold Fusuin breakdown. thank you for all the great work.

TRADING CRYPTOS HAS NOT BEEN GOING WELL WITH ME, I HAVE INVESTED A LOT OF TIMES AND FAILED, I TRADE ON MY OWN BUT EACH TIME I KEEP LOOSING MONEY. I DON'T HAVE GOOD STRATEGIES TOWARDS THE MARKET. PLEASE CAN SOMEONE PUT ME THROUGH ON THE RIGHT PATH.

As long as people like SVB management keep getting the golden parachutes instead of life in prison (or worse), there will be more stories like that.

The level of detail and clarity in you videos is always amazing. Keep them coming.