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 south and interest rates were rising, those less valuable and the company actually was selling those ...