QuestionerIf Silicon Valley Bank's deposit had not been fully covered, what do you think the economic consequences would have been to the nation?
WarrenWell, I would just simply say it would have been catastrophic, and that's why they were covered. And even though the FDIC limit is $250,000, that's the way the statute reached, but that is not the way the U.S. is going to behave any more than they're going to let the debt ceiling. cause the world to go into turmoil and they, well, they just, I can't imagine anybody in the administration and the Congress and the Federal Reserve, whatever it may have been, FDIC, I can't imagine anybody saying, I'd like to be the one I'm on television tomorrow and explain the American public why we're keeping only $250,000. is insured, and we're going to start around every bank in the country and disrupt the world financial system. So, I think it was inevitable.