And that has created an environment where investors have allocated capital as if it were risk free. And of course it led to inflation. And so the irony is that what the catalyst for this was The Federal Reserve responding to the inflation that it created or helped create with a significant rise in interest rates. which of course had the secondary effect of creating an asset liability mismatch in many banks, but in particular in this terribly, terribly managed bank, the Silicon Valley bank. (01:27–01:36)
CLAIM
Asserts that the Federal Reserve helped create inflation and responded with a significant rise in interest rates.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
