SVB Financial Files for Chapter 11 Bankruptcy

SVB financial, the parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy earlier today. Bloomberg's Janali Besserk has been following this closely all week to break it down as she has done every single day and the weekend before. Ed Kleinbard: This is a very complicated thing and there's a lot of questions being asked not just about how they lobbied for easiness when it came to how they operated but whether the system across the United States is not equal to begin with.