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officials say at least eight people are dead after a smuggling boat capsized off the coast of san diego. authorities responded to the scene after someone on a separate boat called 911 to report victims in the water. they say rough conditions made the recovery effort difficult. we were in recovery mode for about five hours after that. the access to the area was very difficult due to the tide and the coastal cliff there. that area is a very hazardous area even in the daytime. it has a series of sandbars and inshore rip currents. you would think you could land in sand and get to waist-high or knee-high water and think you re able to get to land. this is one of the worst maritime smuggling tragedies that i can think of in california, certainly here in the city of san diego. authorities are continuing to search for any additional victims. we ll bring you more details as we get them. also happening this hour in california, a desperate race to rescue people trapped in fl ....
Many insured deposters. it was primarily uninsured depo depositors, tech firms. they re looking for a buyer, whether that s for the whole organization or parts of it, and to the extent they get those recoveries, those monies belong to the depositors. what do you think really caused the collapse of this bank, and why was it that some of the depositors kind of had a heads-up and were able to withdraw a whole lot of money before it completely collapsed? silicon valley bank was a really unusual situation. basically you had a bank that catered really to one industry, primarily the tech industry. it took in huge amounts of deposits over the last two years. it didn t have a lot of loan ....