Bank Insolvency, Bailouts, and Blockchain

Published on
April 6th, 2020
39 minutes

Small Business & Venture Capital: The Post-Coronavirus Future

Bank Insolvency, Bailouts, and Blockchain

Real Vision Essential ·
Featuring Sheila Bair and Pedro da Costa

Published on: April 6th, 2020 • Duration: 39 minutes

Financial journalist Pedro DaCosta speaks with former FDIC chair Sheila Bair about the ongoing efforts of the U.S. government to contain the economic damage inflicted by the COVID-19 pandemic. She discusses the Small Business Administration's (SBA) efforts to extend credit to endangered businesses and explores whether the Federal Reserve might use blockchain technology in order to deliver emergency cash to U.S. citizens in a more efficient (as well as hygienic) manner. Bair places these topics in context by drawing on her experience as head of the Federal Deposit Insurance, where she led the effort to protect depositors during the Great Financial Crisis.