
Second biggest bank failure in U.S. history rattles financial markets
The Situation Room with Wolf Blitzer and Pamela Brown
00:00
What's Going on With the Silicon Valley Bank Out in California?
Phil Mattingly: The White House is keeping a very close eye on the Silicon Valley bank failure. He says they believe that regulators both did the right thing here with the Federal Reserve, FDIC closing the bank and putting it into receivership.mattingly: Administration officials and regulators make clear this is a very different moment on several levels from what we saw in the wake of the 2008 financial crisis.
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