The Midnight Ride Ep. 077 - Bank Runs Cause Chaos in Cali...Is Your Bank Next?

While the Oscars ceremony was uneventful, tens of thousands of Californians still got a smack in the face when Silicon Valley Bank shut down Friday before closing.  Now The Midnight Ride is getting nervous.  While Connor and Paul both urge calm, one of our hosts made a bank run of his own...and shares some intel that might have you doing the same.  Should the American taxpayer bail out depositors at SVB who held more than $250k? Will the effects of this swallow up more banks?  Plus, Joe Biden's FY24 budget request is dead on arrival when it hits Kevin McCarthy's desk.  We discuss what is in the budget, and what it says about America's economic prospects as the presidential election cycle and debt ceiling debates heat up.

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