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that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? >> it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank's assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large....

These storms are like trying to fill a champagne glass with a fire hose, too much. it's very overwhelming. it means a lot of people are not able to stay in their homes, roads are impassable. roads have been washed out. fields are covered like lakes, so there goes the produce and vegetation. and more is on the way. our nick watt said right into next week. what do you think the consequences are going to be here? >> at this point, many areas in southern california and the mountain communities there's severe avalanche, flood and a lot of extra loading on stru structures. so it's a precarious situa...