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leaves more questions than answers. did the government step in at just the right time or over step with what critics say is another bank bailout? it s not free. it comes with costs. plus, are more banks in danger of collapse? there s just panic. concerns spread to bigger institutions. can you squeeze under the pressure? as bank stocks take a rollercoaster ride. and regulators faced with a dilemma. were they asking the right questions? were they keeping an eye out for this? fight high inflation with rising interest rates. or back off to calm down the troubled banking industry. you can now be rescuing banks and hiking interest rates. bank bust. what s next for america s money? on cnn primetime. good evening, everyone. i m poppy harlow. just one week ago, america s 16th largest bank was up and running, everything seemed fine. tonight, it is collapsed and in government hands. and fears over the broader banking industry are now global. the swiss banking g ....
miles away. that s where the web space telescope attention of astronomers and space fans everywhere. according to nasa, the star, w r 1 to 4, among the biggest and most radiant stars known, is about to die. before going supernova. supernova s, as you may know, are the hottest, brightest objects in the night sky. the stars surrounded by cooler, glowing halo of gas and dust, a lot of it equivalent to the mass of ten of our sons. the mass comes from the starts off, which now is a mere shadow of its former self. and now only ways the same as about 30 sons. my mind is blown. the news continues. we want to head over to what s next for america s money. poppy? tonight, a banking crisis leaves more questions than answers. we had a old-fashioned bank run. did the government step in at just the right time? the banking system is safe. or overstep with what critics say just another bank bailout? plus, are more banks in danger of collapse? concern spreads to big ....
Finance nerd version of that? they wanted to make money. so they shifted, more and more cash into long-term fixed-rate bonds. this isn t 2008. that is the very definition of vanilla banking. at least until that low interest rate environment gets blown apart by the federal reserve desperately trying to tame four decade high inflation. svp was sitting on significant losses, like lots of banks. what made this bank different? tech and startup founders and companies pulling deposits to survive. if you re svb, you have a problem. a mismatch between all that customer coinage and all your other assets. while they weren t fully aware of it yet, the government also had a problem. these deposits supported 10s of thousands of jobs, payrolls, and almost all of it above the fdic insurance cap. on march 8th, the bank announced it was selling off holdings at a loss and selling ....
And listen to that low interest rate environment, it gets blown apart by the federal reserve desperately trying to tame four decade high inflation. now svb was sitting on significant losses. like lots of banks so, what made this bank different? tech and start-up founders and companies pulling deposits to survive. they burned through them rapidly, and then they pulled more. now, if you re svb, you have a problem. a mismatch between all that customer coinage and all your assets. well they weren t aware of it yet, the government also had a problem. they supported tens of thousands of jobs, payrolls, putting all of it above the fdic insurance cap. now, on march 8th, the bank announced it was signed off holdings that a loss. and whatsapp chats, and on twitter, founders in advances spun each other often appeared to inadvertently socialized the idea of a bank run. but on march 9th, investors attempted to withdraw an astounding 42 billion dollars. regulators seized the bank the ....