Signature Bank's Systemic Risk

"It seems like it's just a thing that happens in the closed room and we're just supposed to accept it," he says. "Why was Signature Bank systemically important to the whole country, this New York bank? And she just couldn't even answer other than it was at the same time as SVB." If there's something going sideways on it, they will close it down for a moment,. They'll put it out on an auction. Another bank will buy them. He adds: "If there's a loss, it's a minimal loss to those account holders".