The Big Bank Breakdown, and How the Biden Budget Is Going After Investment Gains 3/9/23

CNBC's "Fast Money"

Silicon Valley Bank plunging more than 60% today as the rapid rise in interest rates wreaked havoc on its bond portfolios. But is this company’s trouble a sign of deeper concerns in the financial industry and the market? Plus President Biden’s new budget proposal could raise capital gains taxes to more than 40%, and it could impact a lot more people than you’d expect.

 

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Silicon Valley Bank plunging more than 60% today as the rapid rise in interest rates wreaked havoc on its bond portfolios. But is this company’s trouble a sign of deeper concerns in the financial industry and the market? Plus President Biden’s new budget proposal could raise capital gains taxes to more than 40%, and it could impact a lot more people than you’d expect.

 

Fast Money Disclaimer

 


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

2023-03-09 43 min
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