The Prof G Pod with Scott Galloway Behind the Scenes of SVB’s Collapse + A Vision for America — with Ro Khanna
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Mar 30, 2023 
Ro Khanna, Representative for California's 17th Congressional District, dives into the collapse of Silicon Valley Bank and the critical need for economic patriotism. He explores how the banking crisis calls for strong protections for community banks and emphasizes the importance of U.S. manufacturing. Ro advocates for revamped vocational training and addressing tax inequities in Social Security. Also discussed are the implications of TikTok's ownership and the necessity of valuing every success in life through mutual applause.
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TikTok Concerns
- Ro Khanna believes forcing the sale of TikTok is necessary.
- He argues Chinese ownership poses propaganda and data security risks, citing China's lack of reciprocity with US tech companies.
US Banking System Risk
- Regional and community banks need protection to prevent consolidation into four major US banks.
- Many SVB depositors with over $250,000 lacked sweep accounts, highlighting a systemic risk.
Behind the Scenes of the SVB Crisis
- Ro Khanna received calls about SVB's troubles, organized a webinar with concerned constituents, and contacted the White House and Treasury.
- He advocated for guaranteeing depositors, drawing parallels to previous banking crises.