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It's no secret that losing money causes trauma. The Silicon Valley Bank failure surely did some damage to many investors portfolios and likely left a significant mark on the psyche, ego and confidence of many. So what was it that happened? What is a run on the bank? How could something like this have happened in todays rapid communications world? Even more so, how could it have happened so quickly? Matthew and Jim give a layman's explanation of the collapse and take the outcome of SVB and other bank's failures back to the personal level and how that scenario may impact or affect many of us as a potentially traumatic event. Are there ways to address it? You'll be surprised at some of the solutions and suggestions. For more information about Financial Sobriety visit www.yourfinanacialsobriety.com

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