The closure of Silicon Valley Bank on March 10 due to a bank run is not a signal of pending economic collapse or another financial crisis. The bank’s unique mix of tech start-up customers and venture-backed businesses led to a portfolio and circumstances that are exceptional for most banking institutions. This collapse was a failure of a system that continues to put the interests of Wall Street ahead of everyday people. While our communities carry concerns about health care, affordable housing, and safety in their neighborhoods, the last thing people need to worry about is their savings. As the Biden Administration has made clear, taxpayers are not responsible for paying for the bank’s mistakes and those responsible will be held accountable.
Marilyn Waite, director of the Climate Finance Fund, Kristal Hansley, founder & CEO of WeSolar, and Stephone Coward, economic justice, Justice Paid in Full campaigns director at the Hip Hop Caucus join us to discuss a vision for success for our communities and future generations.
This special episode is hosted by Tamara Toles O’Laughlin, a producer for The Coolest Show.
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