Manage episode 358265481 series 1449094
Last week’s collapse of Silicon Valley Bank has jolted the economy, forcing the government to step in and attempt to restore order after the largest bank failure since the 2008 financial crisis. Now, politicians, regulators and SVB customers hope to stave off another banking calamity. Joining Pro Say this week is Law360’s senior banking reporter, Jon Hill, to explain how and why SVB failed, and what its implosion means for tech, finance and the economy at large. Also this week, a California appeals court backs a law allowing tech giants like Uber and Lyft to classify their workers as contractors and not employees, and a Texas judge appears ready to strip a crucial abortion drug of its FDA approval. Finally, the hosts’ wine glasses runneth over with legal news from the Bravo reality television universe.