it was like that bank run scene from "it's a wonderful life" but if everyone was wearing patagonia vestsared this could spread to banks across this country, so to stop the panic, the federal government took the bank over promised everyone who deposited money in the bank will get it back. it's funny, because some of the companies that had money in the bank was screaming on social media that the government need to come and save them. that's right, all of those tech bros that were complaining about being under the government's yoke. under the government's yoke were suddenly like, "oh, no, my money is gone? yoke me, daddy!" so that's basically what happened. but, if you're looking for an explanation of why svb failed that doesn't require you to learn about interest rates, well, fox news has you covered. >> part of the problem was is that this was one of those "woke" banks. >> they were one of the most "woke" banks in their quest for the esg-type, type policy. >> this bank, they're so concerned with dei and politics and all kinds of stuff. >> this bank, silicon valley bank, they had been focu