Latest bank collapse has parallels to 2008 WaMu collapse
Three of the four largest bank failures in American history have now taken place in the last 60 days, dating back to the March 10th federal seizure of Silicon Valley Bank in California. KVI's John Carlson explains the latest federal seizure of First Republic Bank and how this collapse connects with the 2008 sub-prime mortgage collapse of Washington Mutual which was based in Seattle.
Latest bank collapse has parallels to 2008 WaMu collapse
Three of the four largest bank failures in American history have now taken place in the last 60 days, dating back to the March 10th federal seizure of Silicon Valley Bank in California. KVI's John Carlson explains the latest federal seizure of First Republic Bank and how this collapse connects with the 2008 sub-prime mortgage collapse of Washington Mutual which was based in Seattle.