The Return Of Bank Runs | Sheila Bair, Former FDIC Chair
b'During her tenure as Chair of the Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, Sheila Bair managed over 300 bank failures, including the collapse of Washington Mutual in September 2008, the largest bank failure in American history.\\nBair joins Forward Guidance to apply her vast experience to share insight on recent failures of Silicon Valley Bank, Signature Bank, and First Republic. Filmed the afternoon of May 18, 2023.\\n____\\nToday\\u2019s show is brought to you by VanEck. Go to https://vaneck.com/ForwardGuidance\\nto access VanEck\'s Income Investing Yield Monitor.\\n____\\nFollow @vaneck_us on Twitter, this episode\'s sponsor https://twitter.com/vaneck_us\\nFollow Sheila Bair on Twitter https://twitter.com/SheilaBair2013\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n____\\nTimestamps:\\n\\n(00:00) Introduction\\n(06:37) Right Now, The Main Issue Is Interest Rate Risk\\n(12:56) What Causes A Bank Run?\\n(17:55)\\xa0Are Bank Runs Faster In An Age of Mobile Banking?\\n(21:55) Van Eck Ad\\n(22:45) Money Market Funds and The Fed\'s Reverse Repo Facility Is Where A Lot Of Bank Money Is Going\\n(25:33) Risk Of Further Big Bank Consolidation\\n(29:51) Best Time To Shut Down A Bank Is Friday Night\\n(31:10) Federal Reserve Lending To Insolvent Institutions Increases The FDIC\'s Cost To Resolve Failed Banks\\n(32:53) How To Know When To Shut Down A Failing Bank\\n(34:51) "I Was Surprised At The Biden Administration\'s Level Of Involvement"\\n(37:12) The Systemic Risk Determination, Explained\\n(42:56) 2018 Loosening Of Regulation of Regional Banks\\n(47:35) Forcing Banks To Raise More Equity (i.e. sell stock)\\n(49:31) The Federal Reserve\'s Role As Bank Regulator\\n____\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.'