The Importance of Annual Financial Filings

Silicon Valley Bank went under this week, and it could have huge spillover effects to lots of things outside the banking sector. This is a lot of little people are here and beyond the spillovers into these small businesses that would be affected. We've already seen this contagion effect elsewhere in the banking sector where people said, Hmm, if this kind of blow up can happen at that bank, maybe that also means it can happen at my bank. And that's basically what we what you're seeing with a bunch of other midsize regional banks this week seeing outflows of deposits and seeing their stock prices decline.