Dr. Greg George, director of MGA’s Center for Economic Analysis, spoke with 13 WMAZ about the recent bank failures in Silicon Valley.
"'They asked for investors to do a capital fundraising and everybody said ‘No, we don't trust that you're going to take care of our money’ and so they became quickly insolvent,' he said detailing the failure."
Watch 13 WMAZ's story below and read the article here.