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This is CBS Eye on the World.

Here's John Batchler.

A banking crisis in California, the Silicon Valley Bank.

What we've learned about banking over the years, especially as it's a great recession

in 2008, is that it doesn't stay locally.

What starts in Silicon Valley doesn't stay there.

First, their New York Bank signature goes down, then regional banks are all in question.

The markets themselves are roiled by fear of what could come next so people moving their

money to large city bank or large money center banks.

And then a banking crisis in Europe, it goes off again and again, the anxiety that you

feel in these moments.

I welcome Victor Davis-Hansom of the Hoover Institution to comment on leadership in a crisis.

The joke about airplanes is very boring flying, except for a few minutes of terror when you

land to take off.

Right now, the anxiety is palpable around the world.

And we have in place these years what Holman Jenkins of the Wall Street Journal has called

...