Episode Details
Back to EpisodesThe Big Bank Breakdown, and How the Biden Budget Is Going After Investment Gains 3/9/23
Published 3 years, 1 month ago
Description
Silicon Valley Bank plunging more than 60% today as the rapid rise in interest rates wreaked havoc on its bond portfolios. But is this company’s trouble a sign of deeper concerns in the financial industry and the market? Plus President Biden’s new budget proposal could raise capital gains taxes to more than 40%, and it could impact a lot more people than you’d expect.