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For navy's next-gen submarines. come here! you know why people are always looking at their phones? they're banking, with bank of america. see cousin jimmy over there? his girlfriend just caught the bouquet so... he might need a little more help saving. for that engagement ring... the groom's parents. you think they're looking at photos of their handsome boy? they're not! she just saw how much they spent on ballroom dance classes... won't be needing those anymore. digital tools so impressive, you just can't stop banking. we're carvana the company who invented car vending machines and buying a c...

His girlfriend just caught the bouquet so... he might need a little more help saving. for that engagement ring... the groom's parents. you think they're looking at photos of their handsome boy? they're not! she just saw how much they spent on ballroom dance classes... won't be needing those anymore. digital tools so impressive, you just can't stop banking.

Banks, the few biggest banks have very high capital standards and liquidity standards and stress tests and the regional banks like silicon valley bank have a much lower level of regulatory scrutiny and therefore kind of safety, let's be honest, and if you just left it like this the losson that people may walk away with, the money is safer with the largest banks and so they're exercising their discretion in moving those things. the consolidation might be an objectist system and there are big policy debates and you asked the future of banking. is it a virtue that america has well over 4,000 bank...

Charge. it feels like this is partly an indictment of the culture of silicon valley. >> the first is why did techies not see this coming? and partly because the people working on silicon valley are so dazzled by computer cyleness and so addicted to the idea of being anti-establishment, moving fast and breaking things to quote mark zuckerberg, trying to disrupt everything and essentially hating washington and hating wall street that they've been very, very scornful of things like old-fashioning banking. they spent far more time, the founders of these start ups thinking about science and looking...

I'll see you next week. if you miss a show, go to cnn.com/fareed for a link to my iphone podcast. ing. for that engagement ring... the groom's parents. you think they're looking at photos of their handsome boy? they're not! she just saw how much they spent on ballroom dance classes... won't be needing those anymore. digital tools so impressive, you just can't stop banking.