Phil, Mike, and Larry talk about the UBS takeover of its troubled rival, Credit Suisse, in a quickly arranged deal on Sunday, and ask if this will shore up the global financial system? This takeover is the most consequential fallout from the implosions of both Silicon Valley Bank and Signature Bank just a week ago. They then address the questions on many people’s minds- is this 2008 all over again? Will more banks fail? Are the major banks safe?

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