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Former Treasury Secretary's Insights on Bank Failure

Former Treasury Secretary Larry Summers joins a panel on CNN Primetime to weigh in on the banking system following the collapse of Silicon Valley Bank, as well as the impact of rising interest rates on bank stability.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Former US Treasury Secretary, Timothy Geithner, recently commented on the issue of bank failure, highlighting the importance of effective regulation and supervision in preventing a financial crisis. Speaking at an event in New York, Geithner discussed the lessons learned from the 2008 financial crisis, which saw the collapse of several high-profile banks, including Lehman Brothers, and triggered the worst global recession since the Great Depression. Geithner explained that the root cause of this crisis was a combination of excessive risk-taking by banks and lax