Are We Returning to 2008 or Is This an Extension of the 2008 Global Financial Crisis?

Former head of FCA Lorda Derturna says there's no analogy between the two. But he agrees that both banks failed in a particular week, with people pulling money out. The government had to decide on Monday morning whether they would guarantee all deposits and they had to. And that was exactly a precursor to what happened with Silicon Valley. Then you see more concerning areas, more shoes to drop, if you will,. More bank contagion, more problems in other parts of US, European, UK economies then.