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banking collapse since the 2008 financial disaster. the trouble for silicone valley bank began last wednesday when it sold securities at a major loss. that created panic and the stock stumbled. on friday federal regulators shut down the bank and they closed a second lender new york's signature bank. both failures the last of largest since the great recession. they could have a huge ripple effect on the economy. that's what the president is try to guard again. president biden speaking minutes before the stock market opened defending the stability of our banking system trying to reassu...

I don't think this spreads. they had 57% invested for themselves and not for those who put money in the bank. it should have been 24% of 57%. the ceo sold 3.5-million dollars in stock days before the collapse of his bank. great timeing. >> and all. bonuses given out. cheryl you mentioned the companies who banked with silicone valley banks. these are companies that today are looking at how much do we have? the american people not on the hook for this? that means the pot of money will be smaller. >> cheryl, my question is as someone who doesn't have both of your economic backgrounds. excessive g...