Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

We have a market that's entirely driven right now by what's happening to the banks, and we went out on Friday thinking that maybe First Republic would go under and what could happen.

We come back on Monday and we have a little bank, you know, first citizens in North Carolina

Bank that ended up with a deal to be able to buy the carcass of Silicon Valley Bank.

And they got a very sweet deal from the FDIC and their stocks up 50%.

Crisis over?

No.

Crisis averted for some time.

These things as they go slower, attract more bidders.

Yeah, they're buying around $72 billion of Silicon Valley Bank's assets at a discount of $16.5 billion.

So pretty opportunistic on their end.

Also have reporting by CNBC's huge sun saying this deposit drain from all the smaller banks into the larger banks,

that has slowed down significantly over the past few days, a few weeks. So that's really

important too. Yeah, especially this Yellen kind of made a policy mistake last week because

we had the raid on Deutsche Bank because there was a sense that the big money center banks were

taking more and more money in.

I think that the tendency is to say that this crisis is over.

What I would say is the speed of the crisis is over.

Velocity is always what matters in crises because it gives, when you slow it down,

it gives the policymakers chance to be able to find new buyers, like a First National, which frankly was one of the last

banks, first citizens, one of the last banks that they thought they do it. They did do very

well when they bought city, CIT. And I guess what is still a question is how much does this

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