CNN CNN This Morning June 4, 2024 10:05:00
The end. here is the anatomy of the bank run. just on thursday, there were $42 billion in withdrawals from depositors. something happened here where people wanted to take their money out and this bank unraveled here. so what happened? why did they get there? >> this is a company that for years took deposits into good times. they put them in treasuries, super safe treasuries. at the end of 2022, $128 billion worth of treasury. that is amazing how much it gained. but then as things started to go s...
Source: archive.org