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From the Abraham Lincoln radio studio at the George Washington broadcast center.

The Armstrong and Joe Getty.

The Armstrong and Getty show.

Can you say whether these problems were unique to Silicon Valley bank or can you say whether there will be other regional bank failures?

Well, let me just say that we want to make sure that the troubles that exist at one bank don't create contagion to others that are sound.

And a goal always of supervision and regulation is to make sure that contagion can't occur.

Thanks for that.

I don't even know why we ask people at that level these know because everything they just say is designed to reach an outcome.

Whether it's partially true, completely true or completely untrue.

So that's a Treasury Secretary Jen E. L. on face in nation.

So the question is, are there going to be other bank frailers? Is this going to spread our goal is to not have this spread is what she said with many more words.

Yeah, of course it is.

Yeah, all right.

So you don't want a bunch of banks to fail. Thank you for coming on.

So this big important Silicon Valley bank has failed essentially and another bank was teetering.

So the fed snapped that up to help us understand what's going on and what it might mean.

We are so glad to have lined up George Avalos who is a business reporter for the Mercury News and the East Bay Times that covers that region.

Expertly really the paper of record in the South Bay. George, how are you sir?

Hey, great to talk to you. How are you doing this morning?

Terrific. It's been too long. Thanks for sparing us a little time for folks who are not.

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