As we have reported the last two weeks, the failure of Silicon Valley Bank and concerns about the banking industry remain front and center in the news. On March 10th, the Federal Deposit Insurance Corporation (the FDIC) took control of Silicon Valley Bank’s operations after The institution’s cash shortfall triggered the largest bank failure since Washington Mutual – during the height of the 2008 financial crisis.

Later the federal government moved to guarantee that bank depositors’ money would be there - including those with deposits that exceeded the $250,000 standard insurance level, the first time that FDIC has done this for large depositors. As a result, there appears to be much angst among voters, depositors, and customers, as well as with politicians about both reassuring the public about the banking industry and at the same time visiting the conditions and regulations that led to the collapse of SVB.

For more, KCBS Radio news anchors Patti Reising and Bret Burkhart are joined by Political Scientist from Sonoma State University Dr. David McCuan to speak with Representative Katie Porter. She is a Democrat who represents California’s 47th Congressional District, and is also a candidate to replace Senator Dianne Feinstein.