> > RAY CORTOPASSI: WELL, 2 BANKS COLLAPSED OVER THE WEEKEND. > > JENNA BARNES: CLIENTS OF SILICON VALLEY FINANCIAL INSTITUTION LINED UP MONDAY TO TRY TO ACCESS THEIR FINANCES AFTER THE LARGEST FINANCIAL INSTITUTION FAILINGS BECAUSE THE 2008 FINANCIAL SITUATION. FEDERAL REGULATORS TOOK OVER THE BANK FRIDAY AND PRESIDENT JOE BIDEN ANNOUNCED FIRST THING MONDAY EARLY MORNING.
> > RAY CORTOPASSI: WELL, 2 BANKS BROKE DOWN OVER THE WEEKEND. > > JENNA BARNES: CLIENTS OF SILICON VALLEY FINANCIAL INSTITUTION LINED UP MONDAY TO TRY TO GAIN ACCESS TO THEIR FUNDS AFTER THE BIGGEST BANK FAILURES CONSIDERING THAT THE 2008 FINANCIAL SITUATION. FEDERAL REGULATORS TOOK OVER THE BANK FRIDAY AND HEAD OF STATE JOE BIDEN REVEALED FIRST POINT MONDAY MORNING. ALL DOWN PAYMENTS AT SPB AND NEW YORK BAY TRADEMARK FINANCIAL INSTITUTION WHICH ALSO COLLAPSE SUNDAY WOULD BE SECURED. BIDEN SAYS CUSTOMERS WHO HAD TO POSIT THAT THE FINANCIAL INSTITUTIONS WILL BE MADE WHOLE FOR FEES.
