SVB Failure & Socialism for the Rich, TikTok Ban

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Mike & Jay open with an extended discussion of the recent failure of three banks, focusing on the largest of the three, Silicon Valley Bank. They discuss why depositors were made whole, banking regulation, and the importance of risk in capitalism.

After that they turn to the growing threat of a US ban of the hugely popular TikTok app due to national security concerns. Jay has his own concerns that this might run afoul of the 1st Amendment whereas Mike is less inclined to see a platform ban as restricting speech.

Mike’s Recommendation:
Triangle of Sadness

Jay’s Recommendation:
Tchaikovsky Symphony No. 5 (Cleveland Orchestra)

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