$68 Trillion Bank Crisis | First Republic COLLAPSE Tip of the Iceberg

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SVB’s core problem was that it owned a lot of government debt funded by unstable deposits. As interest rates rose sharply last year, the mark-to-market value of that debt plummeted, and deposits became more expensive and scarcer.
A lot of banks own similarly devalued bonds. But that is just the tip of a debt iceberg. Since the end of 2009, total debt owed by governments, business and households has risen 90% to $68 trillion, according to the Federal Reserve.

TOPICS AND TIMESTAMPS:
Cuts and Banks 0:00
GDP and Economy 8:20

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