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Is There a Crisis of Confidence?
I think there is going to be a sea change now in terms of regional banks, small banks. But you're not going to see the level of distress you would otherwise because now we're starting to see things come together through bailouts. And I think this is the long shadow of the great financial crisis. You saw the private sector come in, not the government as was evident right from the start with SVB and the conversation around that.