March 20, 2023
Home » Cohn says there’s a “contagion effect” if people lose confidence in banks
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Cohn says there’s a “contagion effect” if people lose confidence in banks – CBS News


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Gary Cohn, the former top economic adviser in the Trump White House who is now vice chairman of IBM, tells “Face the Nation” that “when people lose confidence in a bank, deposits go out the door very quickly … there’s a contagion effect.”

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