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[Music] foreign to work with many stifle thought leaders including steeples chairman and CEO Ron krashevski Ron is known for his balanced and logical industry views and is offered just that on the recent banking sector turmoil in March Silicon Valley Bank and Signature Bank collapsed due to a classic run on the bank crisis both Banks grew during a period of accommodative monetary policy and fiscal stimulus and while they invested in government securities perceived to be low risk they werent ready for the sudden jump in short-term rates or the new speed at which withdrawals can happen with todays mobile technology on reflection these risks were hiding in plain sight Ron observes that a regulatory overreaction could well amplify the inequity of an already implicit two-tiered banking system leading to a loss of confidence in the safety of uninsured deposits at Regional mid-sized and Community Banks to level the playing field and let all banks compete Ron suggests the FDIC ensure all bu