i have to go to work. i don t know if my money is safe. the person with 100 million they worry about. it s scary times that we live in. neil: more americans are banking on more trouble, no matter the comeback of the dow today. they hope it doesn t show up at their bank. stocks decimated on bets more banks will fall and soon. black rock s larry fink calling it a slow-rolling crisis and one that steam-rolled pretty much over all stocks today, although we re off of our lows today. this is the good side you re looking at. at issue again, more banks with issues including credit suisse. its chairman insisting everything is fine despite being told everything is not find. now word that authorities are scrambling to help. republican senator james langford says get ready for higher fees. charlie gasparino on why so many americans are running to bigger banks and fast to get away from this. let s just say we re over this, all of this. welcome. i m neil cavuto. we re on top of the r
days, i hasten other banks like wells fargo and j.p. morgan chase got a lot of customers. could that lead to a route in the banks, maybe not to the degree you dealt with in the 80s but what do you see happening? neil, it s interesting when you talk about that period back then. there s a really quite a similarity. i was appointed to the fdic in 1978. volcker was appointed to the fed in 1979. in 1979, the largest bank in pennsylvania be, the oldest national bank in the nation, charter number 1, first pennsylvania was the bank and it started making big bets on treasury securities. it loaded up on them because they figured that that was a safe haven. nothing could go wrong.