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Welcome to Allworth's Money Matters. I'm Scott Hanson. I'm Pat McLean. Thanks for joining us. That's right. On this middle of April weekend, myself and my co-host here, we're both financial advisors, certified financial planner, chartered financial consultant. We spend our weekdays with people like yourself helping them plan their financial future. We broadcast on the weekends being your financial advisors on the air yes and uh we like to take the calls questions

trying to help people out yeah makes sense of what's going on in the world of finance and it's uh

it's the volatility you know it's continued well look, the volatility has continued.

Well, look, and the, a little bit more on the upside now.

You know, I was reflecting, Pat, on, so Silicon Valley Bank,

we're not going to spend a whole long time talking about that today,

but that, what, five weeks ago or so, whatever, blew up overnight.

In overnight.

Well, it had been a long term in the making.

Fair.

Okay.

But my point is there was a risk in that organization that nobody saw, right?

The executives didn't see it.

The board didn't see it.

The regulators didn't see it. And hindsight't see it the regulators didn't see it and

hindsight's always easy because you can go in a lot a bunch of idiots how did you not see that

but no one no one anticipated a bank run that's what it was on a hot bank in a social media

era where it was precipitated by a well-respected

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