When The Fed Did Not Help the Banks
Lessons from Past Financial Crises in U.S.
5 min readMar 28, 2023
The U.S. financial system in early 2023 was a mess.
The sudden bank run of Silicon Valley Bank (SVB) and the banking collapse caught people by surprise, and within a week, the entire banking system was in turmoil. The panic spread at an unprecedented rate, with the stock market taking a nosedive.
The Fed immediately backdropped the bank by making depositors whole, but everyone’s reaction was different.
