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Bank Failures (MM #4390) - The Mason Minute
Recently, bank failures have been in the news. Silicon Valley Bank and Credit Suisse shut their doors when they couldn't cover some transactions. Most of us don't understand the nuances of the banking industry, so our first response is to panic. A couple of days ago, Chase Bank had some problems with their website, so naturally, many people thought they might shut down and began withdrawing money. Luckily it was just a minor glitch this time...
Kevin Mason