After a powerful last episode with the Shiptons on Julian Assange’s fight for freedom, we’re turning back to the issue at the front of your mind: the SVB bailout and what it tells us about who gets government bailouts (read: big banks) and who gets the crumbs (read: the American public). We’re bringing Matthew Zeitlin on this week to walk us through the questions we’re all asking: Who is paying for the bailout? How does this stack up to the actions the government took to shore up big banks in 2008? What priorities is the Fed revealing here, and what should we as the American left do with this information?
Matthew reports on business, econ, and finance for the Grid, and has contributed to the NYT, New York magazine, The Atlantic, and more. One of his latest pieces for the Grid, drawing on the SVB collapse, makes the case that “Federal deposit insurance should be much higher, and perhaps even unlimited, at least for a little while,” ensuring the ability of depositors to access their funds in the wake of a bank collapse (under the FDIC limit that’s been set — currently $250,000). We’ll be digging into the greater economic reforms that might be sparked by the SVB catastrophe — and you can join us for the conversation. The video will be available to paying subscribers on Friday evening, and everyone can tune in Saturday via Spotify, Pandora, Apple Podcasts, and more.