Cramer weighs in on the fear that seems to be gripping investors over banks

For the West, we have been gripped by the

fear

of bank failures, the surprising collapse of 12 Silicon Valley Bank and Signature Bank made everyone

fear

that we could repeat the mistakes and disruptions and see the precedents that we saw during the Great Recession. It didn't matter that in 2008 what we had was a credit crisis with

banks

lending and borrowing against fake real estate. That was the case, it is not the case here at the moment, we have a mismatch between what the

banks

own and what the depositors expect to own those suppositories could easily leave their banks for better ones because the depositors could be the deposits They might be too big to be insured by the FDIC, of ​​course, you can run away, a worried depositor can run away with the press of a key, particularly a worried depositor who needs money, we were surprised how quickly the Silicon Valley stock market crashed, but When you have a handful of used depositors in the same industry constantly talking to each other and it leaks onto social media, it's no mystery if they all decide to leave. at the same time and it's terrifying to see a stock go from 267 seven to zero in less than two days that's what happened to Silicon Valley it's even scarier when another bank goes from 70 to zero over the course of a weekend that is what happened to Signature which had a similarly concentrated deposit, except it was more oriented towards cryptocurrencies, oh so Credit Suites, a bank we've been worried about for years, had already seen the stock drop to two dollars and then you You wake up the next morning in church and say it's worth half. that and they are birds with UBS, at the behest of the Swiss government, a large amount of bank debt written off before the common shutdown, so when we see another bank tell the Republicans first spiritually similar deposit outflows, it is natural to assume that that stock will also go to zero even though it was in the 120s just over two weeks ago because that 120 price had not been wrong, right, that's certainly what people thought as the stock hit 34 last Thursday to 12 yesterday, or that three and a half point rally today, although it is selling again after the close, which brings us to the current state of the situation, say last night today, if we knew that Treasury Secretary Janet Yellen had already has had enough and has said that the deposits will be protected if that's what they have to do now that we don't have it's written in stone, it's not something we can take to the back burner so to speak, but let me see, it says we have We have to start being more positive, right?

The big problem of the First Republic is the inequality of this loan book, which is quite good, but it is an old-fashioned bankruptcy, our deposits flee. She met a group of larger banks that put $30 billion into the damn thing to stop the run, so Yellen's Thin Red Line means the bank will probably be saved and we may have seen. The end of the crisis is how stocks rose almost 30 percent now again remember until today this market reflected the smart the sum of all the Zeitgeist fears about bank stocks suddenly some of those fears fade we take a breath Bank stocks rebound from a short covered rally may be more than a short covering rally, although it could be the genuine bottom, but whoever wants to be caught saying that in the age of YouTube, so no one has any short-term guarantees, won't be miss a second of Mad Money, follow Jim Cramer on Twitter have a question tweet Kramer hashtag madtweeks send Jim an email at Mad Money at cnbc.com or call us at 1-800-743-cnbc is something, head to madmoney .cnbc.com