Khanna: Fund Backstopping SVB Depositors Is Ultimately Funded by Bank Customers

On Tuesday's broadcast of MSNBC's "Morning Joe," Rep. Ro Khanna (D-CA) acknowledged that the fees for the Deposit Insurance Fund that is being used to backstop Silicon Valley Bank depositors are ultimately paid by the customers, not the banks. Khanna also argued there should be a clawback of the $3.6 million sold by the bank's CEO.