CYBER: WTF Is Going on With the Silicon Valley Bank Bailout?

Silicon Valley's favorite banks are dead. Why is the government stepping in to prop them up?
Associated Press photo.
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Hacking. Disinformation. Surveillance. CYBER is Motherboard's podcast and reporting on the dark underbelly of the internet.

Collapse. It’s the word on everybody’s lips. Silicon Valley Bank and Signature are no more. The banks, folks, they’ve collapsed. But don’t worry, these aren’t your typical banks. SVB and Signature were not the kinds of places working class folks were holding checking accounts. These were massive institutions that propped up America’s ailing tech sector. If you’ve been hustled by an NFT startup in the past year, there’s a good chance it had deposits at SVB.


But now they’re gone and, after some panic, it looks like America’s blessed institutions are working as intended. The Federal Deposit Insurance Corporation is gonna clean all this up. But should they?

On this episode of Cyber, Motherboard Managing Editor Jordan Pearson sits down to answer the question.

Stories discussed in this episode:

How Silicon Valley's Bank Imploded

Are Failing Banks About to Destroy the Economy?

OK, WTF Is Up With the Government Bailing Out the Tech Industry?

WSJ Wonders: Did Silicon Valley Bank Die Because One Black Person Was on Its Board?

We’re recording CYBER live on Twitch and YouTube. Watch live during the week. Follow us there to get alerts when we go live. We take questions from the audience and yours might just end up on the show.

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