Silicon Valley Bank was "exceptionally poorly run."

You've likely heard about the catastrophe that is the Silicon Valley Bank debacle.

If you haven't, it's important that you pause for a few moments to learn about it.

While it is unlikely to be the end of banking as we know it, it is still a major event that could impact all our lives.

The most important thing you should know at this time is that, in the words of Joseph Wang, former fed banker himself,

"Silicon Valley Bank was exceptionally poorly run. It was just a terribly terribly run bank".

Whether SVB's failure is indicative of a broader banking system meltdown remains to be seen.

I've made a short video explaining what happened, what you should be paying attention to, and what you can do to protect yourself.