Mr. New York.

Mark Simone.

710 W.O.R.

Well, we bring you the smartest people on Earth.

The brilliant Liz Peek writes great columns, Fox News.com and The Hill.

Of course, you see her all over television.

Liz Peek, how you doing?

I'm well.

Thank you.

Thanks for having me on.

So, I mean, it's too early to say but this banking crisis is this it is it uh SVB and signature and we're probably okay well we'll see

first republic bank is trading down almost 60% right now 6 o percent so clearly people are concerned about that bank. But I think,

I have to say, I think that the solution that the government came up with is not bad.

You know, they are using basically bank generated funds. That's where the money comes from

that's in the federal deposit fund that they're using to backstop depositers at standard, I mean at SVB and also signature banks. So I think that's pretty smart. That's not a bailout. Shareholder to lose all their all their equity in the bank

and also creditors to these banks so it i mean i think they did a pretty good job the the question

is is it enough to shore up confidence so you don't have other banks failing because really

you know um there's a lot of misinformation about what

happened here but really what happened is uh... it this this uh... silicon valley

bank basically ran short of cash it was just a traditional run on a bank

uh... i think it didn't have to happen i think if they had

shut it down faster they could could have found people to come in

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