Washington created this problem in numerous ways, he says. The federal government needs to backstop the regional banking system and then take actions that are necessary for its own sake,. "You're not going to stop this problem by burying your head in the sand like an ostrich," Fed Chair Janet Yellen said on Sunday.
UnHerd's Freddie Sayers is joined by PayPal co-founder David Sacks to examine the fallout from the collapse of SVB Bank.
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