The Onus Might Be on Policymakers to Deal With Bank Panics

Kelly Wallace: If you were a banker right now, what should they be doing? Should they just sit back and watch this collapse? What are your thoughts? He says bank panics are unique. There have been nine major banking panics in the United States if you go all the way back to the beginning. Wallace: Only one time when there wasn't a double bump. And so what you're having right now is we're setting ourselves up for like one of those double bump situations.