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Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?
Plain English with Derek Thompson
Silicon Valley Bank's Clientele Aren't Like You and Me
Silicon Valley bank's customers withdrew 42 billion dollars from their accounts on Thursday. That's $4.2 billion an hour or more than $1 million per second for 10 hours straight. By Sunday, two more banks had failed and the US appeared on the brink of a banking crisis. To talk about what happened next, what it means and where we go from here, Derek Thompson talks with Liz Hoffman.
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