Rising interest rates and the end of easy money were two factors in the sudden collapse of Silicon Valley Bank (SVB) and a subsequent stock market run on shares of regional banks. Questions were raised about the safety of the entire U.S. banking industry.
On this episode, Jim and Richard examine risk in banking, investing and the broader economy. Federal regulators faced harsh criticism for the latest bank failures. Progressives blamed politicians who eased regulations on medium-sized and small banks. Some on the right claimed that DEI — Diversity, Equity and Inclusion — distracted SVB from focusing on risk management.
This episode's guest is economist and risk expert Allison Schrager, author of "An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk".





















Sharice Davids, who is also Kansas’ first LGBTQ+ member of Congress, is in her fourth term. (Michael Brochstein/SIPA/AP)
Deb Haaland was the first Native American secretary of the Interior, and if elected in New Mexico this year, she would become the country’s first Native American woman governor. (Drew Angerer/Getty Images)