Silicon Valley Bank made bad choices, and a depositor run that cost the bank 40% of its assets in a single day finished them off for good: That’s how Brent Beardall, chief executive of Seattle-based Washington Federal Bank explains Silicon Valley’s plunge off the cliff. He also tells Talk Radio 570 KVI’s The Commute With Carlson it could not have happened without modern app-based banking. (PHOTO: (AP/Jeff Chiu)