Spellman graduated from a fancy Seattle high school in 1944 and joined the Navy through the Merchant Marine cadet program. His dad was an insurance executive and a starting guard on Oregon’s 1917 Rose Bowl team (Go Ducks!). Visit megaphone.Born in 1926 in Seattle, Spellman was a rich kid. Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know! How Did A $200B+ Bank Collapse In 48 Hours? Is Real Estate Going To Be Impacted?Ĭlick here to check the full show notes: Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPocketsĬheck Out Mindy’s 2022 Live Spending Tracker and Budget Subscribe to The “On The Market” YouTube Channel Listen to All Your Favorite BiggerPockets Podcasts in One Place The psychology behind a bank failure and how it affects the entire economy
The future of mortgage rates and how SVB’s failure could lead to fewer rate hikes Why a “bailout” happened so quickly, and whether customer funds were securedīond yields and why making long-term investments was a risky bet for SVB The bank run “domino effect” that could put other intuitions at risk
SVB’s (Silicon Valley Bank) collapse explained and why it failed so fast More specifically, for our beloved real estate investors, how could SVB’s failure affect the housing market? Will the Federal Reserve finally be forced to end its aggressive rate hikes? Could money flood into real estate as hard assets become more attractive? Stick around as Dave explains this week’s wild events and what it could mean for the future of the US economy. With more and more Americans going on cash grabs, trying to keep their wealth safe from the “domino effect” of bank failures, what should everyday investors prepare for? With bailouts back on the table, many Americans fear we’re on the edge of a total financial collapse, mirroring what unfolded in 2008. But you will want to hear Dave Meyer’s take on what could come next. You don’t need to be an expert economist to understand what happened at SVB and Signature Bank this week. But what led to such a fast-paced collapse, and are more banks on the chopping block? Within just a few days, SVB went from one of the largest banks in the United States to one of the biggest bank failures in the nation’s history. What once was a few large customers making withdrawals quickly turned into a bank run of epic proportions. Both SVB (Silicon Valley Bank) and Signature Bank have crashed and burned dramatically over the past week.
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