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Well, the news came out Friday about Silicon Valley Bank, and then yesterday another bank running into trouble called Signature Bank.

This brings back scares. Of course, people want to go way back to the Depression when there was a run on banks.

But even more recently in 2008, with a big mortgage meltdown, some banks rented to problems as well.

So this is kind of a new hitch in the whole economic picture.

Let's bring on Alex Stone, ABC News for KFI with more on these banks.

Alex, how did this start?

Well, yeah, so $42 billion is what came out of Silicon Valley Bank on Thursday,

and a lot of that was people getting word that things weren't going very well,

that Silicon Valley Bank on Wednesday, Tuesday and Wednesday at last week,

they said, you know what? We're taking great losses on the bonds that they had, the interest

rates. So when they went up, the securities that they had went down to almost nothing, they

were going to take losses selling those securities, and that they had to raise a lot of money

quickly. And that was a warning sign to people who said, I got to get down there and take my money out.

$42 billion sucked out on Thursday alone.

Friday morning, they went insolvent.

And it goes that quickly.

Signature bank over the weekend, they're related to the cryptocurrency.

They were shut down. Other regional banks are saying, whoa, whoa, we're related to the the cryptocurrency they were shut down

other regional banks are saying whoa whoa whoa we're going to be okay first republic putting out a

note to its customers over the weekend saying we've got money plus the government is now going to

help out to make sure these banks do all right but today you got all the customers who didn't get their money out before outside of

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