Silicon Valley Bank Collapse: The Repercussions
Face the Nation with Margaret Brennan
CBS News
3.5 • 1.1K Ratings
🗓️ 12 March 2023
⏱️ 49 minutes
🧾️ Download transcript
Summary
This week, Face the Nation moderator Margaret Brennan speaks exclusively with Treasury Secretary Janet Yellen about the collapse of Silicon Valley Bank, and what that means for a potential federal bailout, and involvement in ensuring depositors are made whole. Brennan also interviewed Rep. Ro Khanna (D-CA), who represents most of Silicon Valley, and Chris Krebs, cybersecurity expert. Plus, Brennan interviews Democratic Governor of New Jersey Phil Murphy and Chairman of the House Foreign Affairs Committee Rep. Mike McCaul (R-TX).
Transcript
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| 0:08.0 | The Hargan women seem to have it all. |
| 0:10.0 | We were blessed. My mom was amazing. But detectives would soon discover |
| 0:14.8 | inside the house there were the bodies of two women. A story of betrayal you |
| 0:19.2 | would struggle to believe if it wasn't true. I'm just praying a guy, this is a sick joke. |
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| 0:36.7 | Hi, this is Jill Schlesinger, CBS News Business Analysts, certified financialner, and host of the Money Watch Podcast. |
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| 1:04.4 | ad-free on the Amazon music or Wundery app. I'm Margaret Brennan in |
| 1:10.2 | Washington and this week on Face the Nation, America's economy got a jolt late last |
| 1:15.8 | week. |
| 1:16.8 | We'll speak exclusively with Treasury Secretary Janet Yellen about how the government can head |
| 1:21.5 | off a potential crisis we haven't seen since 2008. |
| 1:26.7 | Shock waves are expected to hit when the global markets open. |
| 1:30.7 | Following Friday's collapse of Silicon Valley Bank, the biggest U.S. Bank to fail in 15 years. |
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