regulators will do and if they make banks hold more capital. >> a lot of people calling for that r.j. grant, i appreciate you being here today thank you for coming in. >>> when we come back on "worldwide exchange," more on the selloff and the failure of silicon valley bank means more than the fed inflation report. we are back right after this whe k who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create in order for small businesses to thrive, they need to be smart... efficient... agile... and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just $39 a month, with no contract, and a money back guarantee. all on the l

joining us with more on this is r.j. grant at rbw. and simon johnson is here.ief economists at the imf. co-chair of the systemic risk council. i'm going to simon first, in part, because we have not spoken for so long. do you think this is the beginning or the end of the crisis steve liesman asked is this bear sterns or lehmans? where are we in the story? >> that's a great question, andrew i think this is the middle of the end. i think it is september or october where the government puts its act together. they put out a good package. they could end it today, for example, by extending deposit insurance and assessing appropriate premiums they are close >> you think they will have to do that to prevent the flight of capital from the smaller banks >> i think that is the question of the day not to prevent the flight from the small banks. they stabilized them quite well. i think there are other concerns of the financial sector that could be dealt with effectively. they have created an implicit and effective guarantee behind uninsured deposits that's what they did for