Special Test Flight Edition – The Banking System: How Do Banks Operate And What Happens When They Take On Too Much Risk – Silicon Valley Bank?  ~Exclusive Captain Rob “Rubber Mallet” Eklund

Where is the best cup of cappuccino in New York City, according to Rob’s new friend Luciano Pavarotti?!?

• Actually, a friend of a friend of Pavarotti...Samir Sanbar. Previously served at the United Nations as International Communications and Media Consultant.

How do banking systems work? How do they benefit the consumer and make our money safer?

• In exchange for leaving your money with them, the banks pay you an interest on those dollars
• What does fractional banking system mean?
• What were some banking factors that led to the subprime mortgage crisis of 2008?
• What did long-term government bonds have to do with the failure of Silicon Valley Bank?
• What if your broker-dealer (aka custodian) goes bankrupt? What happens to your investments?

“Banking is a very good business. If you don't do anything dumb.” ~Warren Buffett

“The good bankers, like good tea, can only be appreciated when they're in hot water.” ~Jafar Hussein, a Malaysian banker.