Chris Whalen: The Fed Is To Blame For The Collapse of Silicon Valley Bank

Today, Silicon Valley Bank, an institution with over $200 Billion worth of assets, failed. Chris Whalen, chairman of Whalen Global Advisors, returns to Forward Guidance to explain why.

Whalen attributes the collapse in book value of SVB Financial (the entity that owns Silicon Valley Bank) to the Fed’s rapid hikes in interest rates, which severely depressed the market value of the bank’s holdings. Whalen argues that, unless the Federal Reserve cuts rates and opens the discount window, the U.S. is at risk of a banking crisis. -- Follow Chris Whalen on Twitter https://twitter.com/rcwhalen Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

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