Okay. Hello, welcome to Rudy's Common Sense. Today we have with us, Vivek Ramaswamy, who is a,

among other things, a candidate for president of the United States on the Republican side.

And in my view, in during the course of this bank failure, failures now,

has given some of the most concise and really accurate description of what happened,

why it happened, and what you have to do to protect yourself. So I asked him and he was kind

enough to join us on the podcast. And so let me introduce Vivek and maybe you could tell us

just a little bit about your background. And then just get right to an explanation that

you give so well as to what happened that I think people will help them grasp this. So Vivek,

thank you for coming and tell us just a little bit about yourself and then dive right into it.

Yeah, thank you, Mayor. I'm an entrepreneur by background. I built a multi-billion dollar biotech

company that I built from scratch, developed five medicines, five of which are FDA-approved products

today, ones for prostate cancer, and there's a number of other disease areas we're in. I step

down from my job as a CEO to write Woking, the first book I wrote, Nation of Victims, and then a

third book called Capitalist Punishment, which is due to come out later this year. And I also

co-founded Strife Asset Management, which competes directly against the likes of BlackRock,

and others in the ESG movement by steering companies away from politics back to products and

profits. So that's a bit about my background before I run for president, before I ran for president.

Now let me explain what's going on here, because I understand how this game works, okay?

With first what happened with Silicon Valley Bank and then the deeper problem.

So the thing with Silicon Valley Bank is that's a unique one-off bank that serves tech companies

in Silicon Valley. It also serves some Chinese tech companies and biotech companies. But what that

bank did is they took deposit or money and they took some risks with it. They bought these so-called

...