Financial Sobriety
Financial Sobriety
Episode 96: The Trauma of Bank Failure, How It Happened and What You Can Do About It
Episode 96: The Trauma of Bank Failure, How It Happened and What You Can Do About It
Episode 96: The Trauma of Bank Failure, How It Happened and What You Can Do About It
Tuesday 28th March 2023
Matthew Grishman and Jim Gebhardt discuss the Silicon Valley Bank collapse, its impact on investors, and ways to manage financial trauma.
55 minutes
Informative
Thought-provoking
Engaging
Raw
Non-judgmental
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Get the buttons here!Bank Failures and Personal Trauma: Unpacking the Silicon Valley Bank Collapse
This is going to be a very unconventional conversation about those three unbelievably complicated relationships.
Imagine waking up to find your hard-earned savings are suddenly out of reach. That’s the harsh reality many faced with the collapse of Silicon Valley Bank. In this eye-opening episode of Financial Sobriety, hosts Matthew Grishman and Jim Gebhardt break down what led to this financial disaster and how it affects not just wallets, but minds too.
They offer a straightforward explanation of the events that triggered the bank's failure, shedding light on the concept of a 'run on the bank' and how rapid communication in today's world can escalate such crises. But it’s not all doom and gloom. Matthew and Jim also explore how these financial shocks can lead to emotional trauma, affecting confidence and mental well-being.
They discuss the surprising ways you can address and manage this stress, providing practical advice that goes beyond just financial strategies. This episode is a must-listen for anyone who wants to understand the broader impact of bank failures on both personal finance and mental health. Whether you’re an investor worried about your portfolio or someone simply interested in the psychological effects of financial instability, this conversation offers valuable insights and actionable solutions.