The speed with which they that this all unfolded last week, I think caught even experienced market observers by surprise. You have to ask yourself as a depositor at any other institution what is the benefit of holding out and seeing if everything is okay? And so there is very much a psychological phenomenon around bank runs that can't really be anticipated,. But again, we've known for a while, a long while that plenty of banks were functionally insolvent.
Just because the "Oracle of Omaha" has been quiet lately doesn't mean he isn't sizing up his next big buy.
(0:21) Bill Mann discusses: - The latest CPI numbers and the current state of play in the banking industry - One bank that fits the description of something Warren Buffett might be interested in - Meta Platforms announcing another round of layoffs
(14:58) Sanmeet Deo and Tim Beyers face off against one another with stocks they believe are a better buy right now.
Companies discussed: FRC, SCHW, SIVB, PNC, META, XPOF, MNDY
Host: Chris Hill Guests: Bill Mann, Sanmeet Deo, Tim Beyers Producer: Ricky Mulvey Engineers: Dan Boyd
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