Biden Administration takes action after bank failures

Signature Bank shuts down days after the Silicon Valley Bank collapse, and the FDIC announced it would rescue depositors insured and uninsured at both banks. Despite the government’s backstopping Silicon Valley Bank, customers at other banks, especially at smaller and regional banks, are scared. Shannon Pettypiece, Bill Cohan, Jake Ward, Charles Coleman, Stuart Stevens, Kara Swisher, Justin Wolfers, Mark McKinnon, and David Plouffe join.