Western Alliance's Dividend Cut and the Risks It Brings to the Market

Western Alliance has been the worst performer on the KBW Bank index here. Investors are looking to Pac-West to do everything it can to keep its capital base strong. The Fed did a great job this time by coming out first thing Monday morning, making sure that there is both certainty around the deposits as well as the suitor. So it really did help us sleep a little bit better at night. For those founders in particular, it's loans that help them be able to purchase homes when a lot of their values tied up in private equity.