with silicon valley bank i don t know that my money i guaranteed people understandably were skittish, they moved a lot o those deposits to other banks. when the deposits go away, the banks struggle to operate. that could be happening for th small and mid sized banks. which we need in this country. on the other side, was wal street who did not get bailed out fro silicon valley bank. they got paid zero so for those who invest in banks, they too are feelin skittish they re saying, hold on. if people are pulling thei money out of other small banks i don t like how this turned out for me, i m going to get o the sidelines too. panic begins panic this is an issue of the huma psyche this is not a colossal financial crash. this is not the subprime crisis this is a very different situation. but one that could have a ba outcome. so let s discuss jake ward, let s start wit you. you spent the day outside of the silicon in california. talk about how this is impacting people, thickness to small indiv
those deposits to other banks. when the deposits go away, the banks struggle to operate. that could be happening for th small and mid sized banks. which we need in this country. on the other side, was wal street who did not get bailed out fro silicon valley bank. they got paid zero so for those who invest in banks, they too are feelin skittish they re saying, hold on. if people are pulling thei money out of other small banks i don t like how this turned out for me, i m going to get o the sidelines too. panic begins panic this is an issue of the huma psyche this is not a colossal financial crash. this is not the subprime crisis this is a very different situation. but one that could have a ba outcome. so let s discuss jake ward, let s start wit you. you spent the day outside of the silicon in california. talk about how this is impacting people, thickness to small individuals. this is so interesting abou this, stephanie, to be there i front of this basically, parad
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