Frenzy Fed News Today

making, but silicon valleys implosion is the biggest such failure since the collapse of our entire financial system 15 is years ago.o down next, and weve got you covered in los angeles with kelly ogrady on how all of this happened, at the white house with lucas tomlinson on what they hop next, in washington with former fdic chair sheila bair on why this wont be another financial meltdown, she hopes. and in florida with home depot cofounder bernie marcus who says that doesnt mean this s...

state regulators wasting little time to take possession of silicon valley earlier today before a sudden cash crisis risks becoming a bigger one. then just as quickly reassuring investors their money was safe. the fdic taking control of silicon valley banks deposits and letting customers know that they would have access to their funds by monday morning. it was all meant to avoid a run on the deposits and one that could spread. neither happened today. janet yellen said she was watching s...

Emotions, right? like what we had going, i remember talking to you during the meltdown where, you know, the selling and the frenzy fed on itself. people panicked. i better get out, i better sell my stock, i better take away my deposits, and one thing led to another. now, obviously, thats a chain effect and a chain reaction when that happens. so you cant police fear, right? >> thats very true. and, certainly, svb ran, you know, its not clear to me that actually this bank is insolvent. i guess wel...