Mar 19, 2023

Cohn says there's a "contagion effect" if people lose confidence in banks

Cohn says there's a "contagion effect" if people lose confidence in banks
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."