I'm John Batch.

Washington, watching Wall Street, Wall Street, watching Washington.

I welcome the former Washington editor of Barons, Jim McTague to help me sort out the headlines

in the Wall Street Journal at the day's end of trading and banking and the federal government

in particular, the White House, the Treasury, and the FDIC.

Jim Diamond leading discussions on new first republic rescue.

This is about a regional bank associated with high end zip codes in LA, San Francisco, Palm

Beach, New York, Wellesley.

And the troubles it's seen these last days of its plunging stock price, following the

failure of the Silicon Valley bank some week past, and the failure of a bank in New York

Signature.

However, I note that other regional banks, which were under pressure at the end of last

week, are not now showing at least in the charts late in the day that they're any longer

at risk, has Wall Street calm down about the bank runs?

Are we looking at specific poor management and no longer looking at everybody losing

the store?

Good evening to you.

Good evening, John.

Let's divide Wall Street in the two populations.

You have the crazy people who are buying and selling stocks now, like the market is a casino.

You know, they're not.

These are not long-term investors rationally allocating capital to promising and strong

...