Patreon Preview 242. Time Bombs in the Financial System

Published: March 23, 2023, 2:19 a.m.

b'We discuss the clear and present danger throughout the global financial system, with crises happening in the banking sector that have not been seen since the 2008 crash. However, these are not sudden and surprising explosions\\u2014at least not to industry and regulatory insiders\\u2014they are instead the slow motion ticking of bombs that are under review. We also get further into the failures of the VC industry and the fact that reforms\\u2014even severe ones that cut deep\\u2014are not enough to fix an industry, let alone bring it to heel, which is structurally incapable of serving the social good. \\n\\nSome stuff we reference\\n\\u2022\\u2022\\u2022 How Venture Capital Can Avoid the Next Silicon Valley Bank Fiasco | Del Johnson https://www.wired.com/story/to-save-the-innovation-economy-break-big-venture-capital/\\n\\u2022\\u2022\\u2022 Enmeshment in Venture https://www.laconiacapitalgroup.com/blog/enmeshment\\n\\u2022\\u2022\\u2022 A Death in the Valley: What the End of SVB Reveals About VC Class Solidarity | Doug Henwood https://www.thenation.com/article/economy/svb-bank-interest-rates/\\n\\u2022\\u2022\\u2022 Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue https://www.nytimes.com/2023/03/16/business/fed-regulation-svb.html\\n\\u2022\\u2022\\u2022 Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems https://www.nytimes.com/2023/03/19/business/economy/fed-silicon-valley-bank.html\\n\\u2022\\u2022\\u2022 UBS Agrees to Buy Credit Suisse for More Than $3 Billion https://www.wsj.com/articles/ubs-offers-1-billion-to-take-over-credit-suisse-bfac51fa\\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills \\n\\nHosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)'