EVERYTHING IS FINE UNTIL IT ISN'T

John Maxfield explains the ongoing banking crisis three days before Silicon Valley Bank was seized by regulators.

Three days before Silicon Valley Bank failed, I walked an elite group of bankers through a comprehensive model of banking at a symposium I hosted in Philadelphia. One should never claim prescience, but as you can see in the video above, the conversation foreshadowed many of the recent bank failures and incorporated research and analysis from the entire history of U.S. banking.

What follows is a transcript that’s edited for clarity, brevity and flow.