Following the sudden collapse of Silicon Valley Bank, the federal government has taken drastic action to protect the financial system, and to make the bank's depositors whole. Business and tech journalist Jo Ling Kent joins us to discuss the backlash from both sides of the political aisle about the intervention — and whether or not it was technically a “bailout.”

And in headlines: Donald Trump’s one-time lawyer and fixer Michael Cohen testified before a New York grand jury investigating the former president, the Biden administration approved a controversial oil drilling project on Alaska's Northern Slope, and a 5,000 mile-wide blob of seaweed is slowly making its way toward Florida’s gulf coast.

Show Notes:

• USA Today: “Silicon Valley Bank collapse explained in graphics” – https://tinyurl.com/yfaztyrd
• What A Day – YouTube – https://www.youtube.com/@whatadaypodcast

Crooked Coffee is officially here. Our first blend, What A Morning, is available in medium and dark roasts. Wake up with your own bag at crooked.com/coffee

Follow us on Instagram – https://www.instagram.com/crookedmedia/

For a transcript of this episode, please visit crooked.com/whataday

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.