Ben Norton, Michael Hudson

Video spotlight: Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains

Economist and PBI Advisory Board member Michael Hudson talks with Ben Norton to analyze the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. He also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor of cryptocurrency, and the danger of derivatives.

Related from Yves Smith: Michael Hudson Talks to Ben Norton About SVB and Bank Failures

[Watch interview]
[Read transcript]

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